CNB Financial Correlations

CCNE Stock

USD 23.62 0.38 1.58%

The current 90-days correlation between CNB Financial and Mercantile Bank is 0.84 (i.e., Very poor diversification). The correlation of CNB Financial 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.

CNB Financial Correlation With Market

Good diversification

The correlation between CNB Financial and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CNB Financial and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CNB Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CNB Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

For information on how to trade CNB Stock refer to our How to Trade CNB Stock guide.

Moving together with CNB Stock

0.84	HPQ	HP Inc	Pair Corr
0.62	MCD	McDonalds	Pair Corr
0.61	TRV	The Travelers Companies	Pair Corr
0.7	CVX	Chevron Corp	Pair Corr

Moving against CNB Stock

0.49	BKRKF	PT Bank Rakyat	Pair Corr
0.37	MSFT	Microsoft	Pair Corr
0.31	IBM	International Business	Pair Corr

Related Correlations Analysis

	MBWM	GSBC	CIZN	FNWD	CFFI	BSRR	CCBG
MBWM		0.68	0.28	0.08	0.52	0.73	0.56	MBWM
GSBC	0.68		-0.38	0.73	0.83	0.49	0.95	GSBC
CIZN	0.28	-0.38		-0.81	-0.55	0.33	-0.51	CIZN
FNWD	0.08	0.73	-0.81		0.76	-0.05	0.82	FNWD
CFFI	0.52	0.83	-0.55	0.76		0.22	0.87	CFFI
BSRR	0.73	0.49	0.33	-0.05	0.22		0.38	BSRR
CCBG	0.56	0.95	-0.51	0.82	0.87	0.38		CCBG
	MBWM	GSBC	CIZN	FNWD	CFFI	BSRR	CCBG

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

CCBG	+ 0.95	GSBC
CCBG	+ 0.87	CFFI
CFFI	+ 0.83	GSBC
CCBG	+ 0.82	FNWD
CFFI	+ 0.76	FNWD
BSRR	+ 0.73	MBWM

High negative correlations

FNWD	- 0.81	CIZN
CFFI	- 0.55	CIZN
CCBG	- 0.51	CIZN
CIZN	- 0.38	GSBC
BSRR	- 0.05	FNWD

Risk-Adjusted Indicators

There is a big difference between CNB Stock performing well and CNB Financial 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 CNB Financial'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
MBWM	1.12	(0.11)	0.00	0.36	0.00	0.00	2.19	(2.67)	8.19
GSBC	1.06	0.01	0.00	0.03	0.00	0.00	3.89	(2.24)	7.73
CIZN	1.19	(0.41)	0.00	(0.65)	0.00	0.00	2.76	(3.31)	10.75
FNWD	1.14	0.24	0.12	(0.30)	0.92	(1.39)	3.73	(2.02)	7.83
CFFI	1.30	0.06	(0.02)	(0.04)	1.54	(1.46)	3.67	(2.50)	10.71
BSRR	1.28	(0.22)	0.00	(0.04)	0.00	0.00	3.00	(2.57)	9.48
CCBG	1.15	0.08	(0.01)	(0.06)	1.36	(1.23)	2.32	(2.18)	7.73

CNB Financial Corporate Management

CPA CPA	VP Director	Profile
Angela Wilcoxson	Executive Officer	Profile
Katie Andersen	Senior Officer	Profile
Amy Potter	VP Marketing	Profile

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