Denali Bancorporation Correlations

DENI Stock

USD 16.47 0.47 2.94%

The current 90-days correlation between Denali Bancorporation and Sturgis Bancorp is 0.33 (i.e., Weak diversification). The correlation of Denali Bancorporation 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.

Denali Bancorporation Correlation With Market

Good diversification

The correlation between Denali Bancorp. and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Denali Bancorp. and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Denali Bancorporation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Denali Bancorporation 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 Denali Bancorporation - 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 Denali Bancorporation to buy it.

Moving against Denali Pink Sheet

0.47	VFSWW	VinFast Auto	Pair Corr
0.41	HDB	HDFC Bank Limited	Pair Corr
0.38	BBDC4	Banco Bradesco SA	Pair Corr
0.37	BBAS3	Banco do Brasil	Pair Corr
0.31	TLK	Telkom Indonesia Tbk	Pair Corr
0.51	MMM	3M Company	Pair Corr
0.4	KO	Coca Cola	Pair Corr
0.34	IBM	International Business	Pair Corr
0.31	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	STBI	LUMB	WSSH	CZNL	HLFN	HCBN	MBKL	GVYB	BAOB	INFT
STBI		0.17	0.77	0.0	0.71	0.71	0.49	0.63	0.67	-0.55	STBI
LUMB	0.17		0.25	0.0	0.4	0.21	0.58	0.21	0.35	-0.13	LUMB
WSSH	0.77	0.25		0.0	0.82	0.76	0.65	0.9	0.91	-0.83	WSSH
CZNL	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	CZNL
HLFN	0.71	0.4	0.82	0.0		0.64	0.7	0.66	0.8	-0.6	HLFN
HCBN	0.71	0.21	0.76	0.0	0.64		0.52	0.71	0.74	-0.65	HCBN
MBKL	0.49	0.58	0.65	0.0	0.7	0.52		0.55	0.66	-0.49	MBKL
GVYB	0.63	0.21	0.9	0.0	0.66	0.71	0.55		0.86	-0.75	GVYB
BAOB	0.67	0.35	0.91	0.0	0.8	0.74	0.66	0.86		-0.79	BAOB
INFT	-0.55	-0.13	-0.83	0.0	-0.6	-0.65	-0.49	-0.75	-0.79		INFT
	STBI	LUMB	WSSH	CZNL	HLFN	HCBN	MBKL	GVYB	BAOB	INFT

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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

BAOB	+ 0.91	WSSH
GVYB	+ 0.9	WSSH
BAOB	+ 0.86	GVYB
HLFN	+ 0.82	WSSH
BAOB	+ 0.8	HLFN
WSSH	+ 0.77	STBI

High negative correlations

INFT	- 0.83	WSSH
INFT	- 0.79	BAOB
INFT	- 0.75	GVYB
INFT	- 0.65	HCBN
INFT	- 0.6	HLFN
INFT	- 0.55	STBI

Risk-Adjusted Indicators

There is a big difference between Denali Pink Sheet performing well and Denali Bancorporation 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 Denali Bancorporation'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
STBI	0.83	0.11	0.03	3.45	0.89	(1.19)	2.07	(2.03)	11.85
LUMB	0.42	0.10	0.00	(0.35)	0.00	0.00	0.00	0.00	11.37
WSSH	0.44	0.18	0.00	1.39	0.00	0.00	1.72	(0.43)	5.21
CZNL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HLFN	0.27	0.06	0.00	0.53	0.00	0.00	0.95	(0.33)	3.31
HCBN	0.26	0.06	0.00	0.47	0.00	0.00	1.05	0.00	4.33
MBKL	1.27	0.28	0.00	(0.59)	0.00	0.00	5.73	(1.35)	22.40
GVYB	0.41	0.12	0.00	(1.37)	0.00	0.00	1.20	0.00	9.99
BAOB	0.93	0.33	0.08	(1.35)	1.04	(1.56)	2.62	(1.78)	11.56
INFT	0.48	(0.06)	0.00	0.33	0.00	0.00	0.00	(0.64)	10.18

Be your own money manager

Our tools can tell you how much better you can do entering a position in Denali Bancorporation 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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Denali Bancorporation Corporate Management

Margaret Rich	S Director	Profile
Myron Dosch	VP Fin	Profile
Randy Weaver	EVP CFO	Profile
Andra Lozano	VP Bank	Profile
Aaron Hines	Sr Bank	Profile
Steven Lundgren	Pres CEO	Profile
Lynda Vice	Controller	Profile

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