Jonestown Bank Correlations

JBTC Stock

USD 32.45 0.45 1.41%

The current 90-days correlation between Jonestown Bank and Juniata Valley Financial is -0.05 (i.e., Good diversification). The correlation of Jonestown 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.

Jonestown Bank Correlation With Market

Good diversification

The correlation between Jonestown Bank and and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jonestown Bank and and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Jonestown OTC Stock

0.74	CIHKY	China Merchants Bank Normal Trading	Pair Corr
0.73	CIHHF	China Merchants Bank	Pair Corr
0.72	BBDC4	Banco Bradesco SA	Pair Corr
0.68	MFG	Mizuho Financial	Pair Corr
0.74	BRK-B	Berkshire Hathaway	Pair Corr
0.67	HYMTF	Hyundai Motor	Pair Corr
0.7	EGP	EastGroup Properties	Pair Corr
0.72	CX	Cemex SAB de Sell-off Trend	Pair Corr
0.7	HL	Hecla Mining	Pair Corr
0.83	APGE	Apogee Therapeutics,	Pair Corr
0.92	RLMD	Relmada Therapeutics	Pair Corr
0.71	GM	General Motors	Pair Corr

Moving against Jonestown OTC Stock

0.79	USB-PH	US Bancorp	Pair Corr
0.34	IBN	ICICI Bank Limited	Pair Corr
0.59	SWRM	Appswarm	Pair Corr

Related Correlations Analysis

	JUVF	NWPP	CZBS	CZBT	NACB	PTBS	CTUY	CBKM	UWHR	SEBC
JUVF		0.07	-0.15	-0.02	-0.1	-0.18	0.07	-0.04	-0.03	0.0	JUVF
NWPP	0.07		-0.05	0.25	0.52	0.04	0.23	0.18	0.64	0.71	NWPP
CZBS	-0.15	-0.05		-0.52	-0.27	-0.11	-0.86	0.19	-0.07	-0.18	CZBS
CZBT	-0.02	0.25	-0.52		0.57	-0.03	0.55	-0.05	0.24	0.56	CZBT
NACB	-0.1	0.52	-0.27	0.57		0.16	0.56	0.3	0.53	0.62	NACB
PTBS	-0.18	0.04	-0.11	-0.03	0.16		0.31	0.28	-0.24	0.09	PTBS
CTUY	0.07	0.23	-0.86	0.55	0.56	0.31		0.1	0.23	0.39	CTUY
CBKM	-0.04	0.18	0.19	-0.05	0.3	0.28	0.1		0.15	0.13	CBKM
UWHR	-0.03	0.64	-0.07	0.24	0.53	-0.24	0.23	0.15		0.49	UWHR
SEBC	0.0	0.71	-0.18	0.56	0.62	0.09	0.39	0.13	0.49		SEBC
	JUVF	NWPP	CZBS	CZBT	NACB	PTBS	CTUY	CBKM	UWHR	SEBC

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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

SEBC	+ 0.71	NWPP
UWHR	+ 0.64	NWPP
SEBC	+ 0.62	NACB
NACB	+ 0.57	CZBT
SEBC	+ 0.56	CZBT
CTUY	+ 0.56	NACB

High negative correlations

CTUY	- 0.86	CZBS
CZBT	- 0.52	CZBS
NACB	- 0.27	CZBS
UWHR	- 0.24	PTBS
SEBC	- 0.18	CZBS
PTBS	- 0.18	JUVF

Risk-Adjusted Indicators

There is a big difference between Jonestown OTC Stock performing well and Jonestown Bank OTC Stock 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 Jonestown 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JUVF	1.00	(0.01)	(0.03)	0.01	1.36	(1.33)	1.81	(3.16)	5.82
NWPP	1.70	0.22	0.02	0.49	2.72	(5.37)	7.94	(4.50)	27.06
CZBS	1.13	(0.11)	0.00	0.43	0.00	0.00	2.27	(3.20)	6.84
CZBT	0.59	0.11	0.02	(0.47)	0.57	(1.75)	2.27	(1.83)	8.45
NACB	0.40	0.02	(0.02)	(0.33)	0.75	(0.85)	1.16	(1.15)	4.37
PTBS	0.77	0.01	(0.02)	(0.08)	1.43	(1.23)	1.76	(3.61)	9.14
CTUY	0.58	0.22	0.08	(0.73)	0.33	(1.18)	1.75	(0.90)	10.47
CBKM	0.72	0.08	0.00	(0.29)	1.09	(0.96)	1.42	(1.88)	6.55
UWHR	1.28	0.08	0.01	0.26	1.83	(2.34)	3.04	(4.23)	13.00
SEBC	0.88	0.09	0.00	(0.19)	1.25	(1.35)	1.39	(2.39)	13.25

Be your own money manager

Our tools can tell you how much better you can do entering a position in Jonestown Bank 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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Jonestown Bank Corporate Management

Elected by the shareholders, the Jonestown Bank's board of directors comprises two types of representatives: Jonestown Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Jonestown. The board's role is to monitor Jonestown Bank's management team and ensure that shareholders' interests are well served. Jonestown Bank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Jonestown Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.

Michael Grenier	Chief Officer	Profile
Robert Weidler	Chief Officer	Profile
Edward Martel	Chief Officer	Profile
Timothy Gingrich	Chief Officer	Profile
Troy Peters	CEO Pres	Profile
Richard Rollman	Chief Officer	Profile
Edward Anspach	Second Sec	Profile

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