Community Heritage Correlations

Pink Sheets USA . 
Stock . Community Heritage Financial
CMHF Stock  USD 25.47  0.03  0.12%   
The current 90-days correlation between Community Heritage and Citizens Financial Corp is -0.02 (i.e., Good diversification). The correlation of Community Heritage 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.

Community Heritage Correlation With Market

Average diversification

The correlation between Community Heritage Financial and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Community Heritage Financial and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Community Heritage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Community Heritage when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Community Heritage - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Community Heritage Financial to buy it.

Moving together with Community Pink Sheet

  0.69HDB HDFC Bank LimitedPairCorr
  0.8CIHKY China Merchants BankPairCorr
  0.82CIHHF China Merchants BankPairCorr
  0.89BBDC4 Banco Bradesco SAPairCorr
  0.69BNPQY BNP Paribas SA Earnings Call TomorrowPairCorr
  0.65BNPQF BNP Paribas SA Earnings Call TomorrowPairCorr
  0.91MUFG Mitsubishi UFJ Financial Earnings Call This WeekPairCorr
  0.81MBFJF Mitsubishi UFJ FinancialPairCorr
  0.91SMFG Sumitomo Mitsui Financial Normal TradingPairCorr
  0.79SMFNF Sumitomo Mitsui Financial Normal TradingPairCorr
  0.83KB KB Financial GroupPairCorr
  0.92MFG Mizuho FinancialPairCorr
  0.64MZHOF Mizuho Financial Normal TradingPairCorr
  0.73SHG Shinhan Financial Earnings Call This WeekPairCorr
  0.67MMM 3M Company Sell-off TrendPairCorr
  0.78IBM International Business Earnings Call TodayPairCorr
  0.87GE GE AerospacePairCorr
  0.73AA Alcoa CorpPairCorr
  0.78BA Boeing Earnings Call This WeekPairCorr
  0.8CSCO Cisco SystemsPairCorr
  0.75AXP American ExpressPairCorr
  0.72CAT CaterpillarPairCorr
  0.81MSFT Microsoft Earnings Call This WeekPairCorr
  0.71JPM JPMorgan ChasePairCorr

Moving against Community Pink Sheet

  0.85BBAS3 Banco do BrasilPairCorr
  0.62USB-PH US BancorpPairCorr
  0.51MCD McDonaldsPairCorr
  0.4KO Coca ColaPairCorr

Related Correlations Analysis

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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   
CWBK
+ 0.8
CIWV
CPKF
+ 0.68
CWBK
CPKF
+ 0.67
CIWV
PPBN
+ 0.53
CPKF
CPKF
+ 0.51
NACB
PPBN
+ 0.49
CWBK
  
High negative correlations   
EFSI
- 0.15
NACB
PPBN
- 0.0
FBSI
CPKF
- 0.0
FBSI
CWBK
- 0.0
FBSI
EFSI
- 0.0
FBSI
NACB
- 0.0
FBSI

Risk-Adjusted Indicators

There is a big difference between Community Pink Sheet performing well and Community Heritage 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 Heritage'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Community Heritage without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Community Heritage Corporate Management

Christopher HesenVP AdvancementProfile
Robert GoetzCEO PresProfile
Dawn WoodsCo SecProfile
Robert WolfeEx CFOProfile
William PoffenbargerEx VPProfile
Dawn LoweVP DevelProfile
Michael HillEx OfficerProfile
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