Texas Community Correlations

TCBS Stock

USD 16.20 0.25 1.52%

The correlation of Texas Community is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Texas Community Correlation With Market

Average diversification

The correlation between Texas Community Bancshares and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Texas Community Bancshares and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Texas Community Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Texas Stock

0.89	DB	Deutsche Bank AG	Pair Corr
0.67	WF	Woori Financial Group	Pair Corr
0.68	VBFC	Village Bank	Pair Corr
0.85	TECTP	Tectonic Financial	Pair Corr
0.68	TFC-PO	Truist Financial	Pair Corr
0.78	EBMT	Eagle Bancorp Montana	Pair Corr
0.7	KEY-PI	KeyCorp	Pair Corr
0.68	KEY-PJ	KeyCorp	Pair Corr
0.63	KEY-PK	KeyCorp	Pair Corr
0.76	KEY-PL	KeyCorp	Pair Corr
0.83	BANC-PF	Banc of California	Pair Corr
0.81	WSBCP	WesBanco	Pair Corr

Moving against Texas Stock

0.73	AX	Axos Financial	Pair Corr
0.71	VBNK	VersaBank	Pair Corr
0.66	KB	KB Financial Group	Pair Corr
0.6	RF	Regions Financial Normal Trading	Pair Corr
0.6	VBTX	Veritex Holdings	Pair Corr
0.44	BY	Byline Bancorp	Pair Corr
0.4	PB	Prosperity Bancshares	Pair Corr
0.38	VABK	Virginia National	Pair Corr
0.81	EFSI	Eagle Financial Services	Pair Corr
0.77	WAFD	Washington Federal	Pair Corr
0.74	EGBN	Eagle Bancorp	Pair Corr
0.74	WAFDP	Washington Federal	Pair Corr
0.58	EVBN	Evans Bancorp	Pair Corr
0.45	WMPN	William Penn Bancorp	Pair Corr
0.42	EQBK	Equity Bancshares,	Pair Corr
0.4	TFINP	Triumph Financial	Pair Corr
0.33	WABC	Westamerica Bancorporation	Pair Corr

Related Correlations Analysis

	CNNB	RMBI	LCNB	OFED	VBFC	PMHG	WMPN	PBHC	MGYR
CNNB		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CNNB
RMBI	0.0		0.63	0.0	-0.75	0.02	0.73	0.35	-0.02	RMBI
LCNB	0.0	0.63		0.0	-0.51	0.23	0.46	0.42	0.11	LCNB
OFED	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	OFED
VBFC	0.0	-0.75	-0.51	0.0		-0.05	-0.76	-0.3	-0.1	VBFC
PMHG	0.0	0.02	0.23	0.0	-0.05		-0.23	0.5	0.17	PMHG
WMPN	0.0	0.73	0.46	0.0	-0.76	-0.23		0.22	0.22	WMPN
PBHC	0.0	0.35	0.42	0.0	-0.3	0.5	0.22		0.42	PBHC
MGYR	0.0	-0.02	0.11	0.0	-0.1	0.17	0.22	0.42		MGYR
	CNNB	RMBI	LCNB	OFED	VBFC	PMHG	WMPN	PBHC	MGYR

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

WMPN	+ 0.73	RMBI
LCNB	+ 0.63	RMBI
PBHC	+ 0.5	PMHG
WMPN	+ 0.46	LCNB
PBHC	+ 0.42	LCNB
MGYR	+ 0.42	PBHC

High negative correlations

WMPN	- 0.76	VBFC
VBFC	- 0.75	RMBI
VBFC	- 0.51	LCNB
PBHC	- 0.3	VBFC
WMPN	- 0.23	PMHG
MGYR	- 0.1	VBFC

Risk-Adjusted Indicators

There is a big difference between Texas Stock performing well and Texas Community Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Texas Community's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CNNB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RMBI	1.43	(0.19)	0.00	(1.03)	0.00	0.00	2.62	(4.19)	9.31
LCNB	1.28	(0.18)	0.00	3.18	0.00	0.00	2.41	(2.84)	7.27
OFED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VBFC	0.31	0.06	0.11	(30.41)	0.39	(0.44)	0.71	(0.51)	6.37
PMHG	1.08	(0.03)	0.00	0.07	0.00	0.00	3.54	(3.42)	9.95
WMPN	1.21	(0.23)	0.00	(0.29)	0.00	0.00	2.11	(3.26)	7.70
PBHC	1.15	(0.08)	0.00	(0.18)	0.00	0.00	2.75	(2.92)	8.23
MGYR	1.10	0.01	0.02	0.00	1.45	(1.35)	2.98	(2.68)	6.74

Texas Community Corporate Management

James III	Pres Chairman	Profile
Sofia Gurrusquieta	Senior Officer	Profile
Michelle Countryman	Sr Saline	Profile
Sheree Mize	Corporate Secretary	Profile

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