Southern California Correlations

BCAL Stock

USD 17.64 0.02 0.11%

The current 90-days correlation between Southern California and Avidbank Holdings is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Southern California moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Southern California Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Southern California Correlation With Market

Poor diversification

The correlation between Southern California Bancorp and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Southern California Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Southern California Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Southern Stock

0.97	AX	Axos Financial	Pair Corr
0.97	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.97	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.93	RF	Regions Financial Sell-off Trend	Pair Corr
0.7	VABK	Virginia National Normal Trading	Pair Corr
0.86	VBNK	VersaBank Earnings Call This Week	Pair Corr
0.87	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.75	TECTP	Tectonic Financial	Pair Corr
0.72	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.92	EBTC	Enterprise Bancorp	Pair Corr
0.96	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.86	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.62	KEY-PL	KeyCorp	Pair Corr
0.94	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.72	WAFD	Washington Federal	Pair Corr
0.84	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.86	BANC-PF	Banc of California	Pair Corr
0.9	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.79	ESSA	ESSA Bancorp	Pair Corr
0.88	EVBN	Evans Bancorp	Pair Corr
0.85	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.74	WSBCP	WesBanco	Pair Corr
0.81	WMPN	William Penn Bancorp	Pair Corr
0.87	WNEB	Western New England Fiscal Year End 28th of January 2025	Pair Corr

Moving against Southern Stock

0.74	CFG-PE	Citizens Financial	Pair Corr
0.68	TFC-PR	Truist Financial	Pair Corr
0.67	TFC-PO	Truist Financial	Pair Corr
0.32	WF	Woori Financial Group	Pair Corr
0.66	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	AVBH	ARBV	AMBZ	PBAM	CFST
AVBH		0.5	0.93	0.78	0.36	AVBH
ARBV	0.5		0.71	0.73	-0.3	ARBV
AMBZ	0.93	0.71		0.88	0.17	AMBZ
PBAM	0.78	0.73	0.88		0.14	PBAM
CFST	0.36	-0.3	0.17	0.14		CFST
	AVBH	ARBV	AMBZ	PBAM	CFST

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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

AMBZ	+ 0.93	AVBH
PBAM	+ 0.88	AMBZ
PBAM	+ 0.78	AVBH
PBAM	+ 0.73	ARBV
AMBZ	+ 0.71	ARBV
ARBV	+ 0.5	AVBH

High negative correlations

CFST

- 0.3

ARBV

Risk-Adjusted Indicators

There is a big difference between Southern Stock performing well and Southern California 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 Southern California'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
AVBH	0.38	0.16	0.09	2.85	0.00	(0.72)	1.29	(0.51)	2.64
ARBV	0.48	0.11	0.02	0.63	0.15	(0.90)	1.49	(0.87)	3.70
AMBZ	0.67	0.29	0.18	14.38	0.13	(0.90)	1.88	(1.03)	4.88
PBAM	0.83	0.22	0.06	(0.94)	0.73	(1.39)	2.33	(1.15)	7.65
CFST	1.22	0.25	0.02	(0.32)	1.36	(1.93)	3.41	(2.73)	11.64

Southern California Corporate Management

Manisha Merchant	General VP	Profile
Jeffery Hurtik	Executive Officer	Profile
Peter Nutz	Executive Officer	Profile
Anne Williams	Ex Officer	Profile

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