Community Bank Correlations

Stocks . USA . 
Stock . Community Bank System
CBU Stock  USD 58.43  0.03  0.05%   
The current 90-days correlation between Community Bank System and NBT Bancorp is 0.88 (i.e., Very poor diversification). The correlation of Community Bank 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.

Community Bank Correlation With Market

Poor diversification

The correlation between Community Bank System and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Community Bank System and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Community Stock
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Community Bank System. 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.

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Community Stock performing well and Community Bank 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 Community Bank'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.

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