Cadence Bank Correlations
| CADE-PA Preferred Stock | USD 21.05 0.01 0.05% |
The current 90-days correlation between Cadence Bank and Associated Banc Corp is 0.55 (i.e., Very weak diversification). The correlation of Cadence 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.
Cadence Bank Correlation With Market
Average diversification
The correlation between Cadence Bank and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cadence Bank and DJI in the same portfolio, assuming nothing else is changed.
Cadence |
The ability to find closely correlated positions to Cadence 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 Cadence 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 Cadence 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 Cadence Bank to buy it.
Moving together with Cadence Preferred Stock
| 0.61 | DB | Deutsche Bank AG | PairCorr |
| 0.61 | TFC-PO | Truist Financial | PairCorr |
| 0.68 | TFC-PR | Truist Financial | PairCorr |
| 0.81 | CFG-PE | Citizens Financial | PairCorr |
| 0.9 | WAFDP | Washington Federal | PairCorr |
Moving against Cadence Preferred Stock
| 0.69 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.68 | AX | Axos Financial | PairCorr |
| 0.64 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.62 | EFSC | Enterprise Financial Fiscal Year End 27th of January 2025 | PairCorr |
| 0.52 | RF | Regions Financial Fiscal Year End 17th of January 2025 | PairCorr |
| 0.44 | VBNK | VersaBank Normal Trading | PairCorr |
| 0.44 | EBTC | Enterprise Bancorp | PairCorr |
| 0.4 | EGBN | Eagle Bancorp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.38 | TECTP | Tectonic Financial | PairCorr |
| 0.37 | VBTX | Veritex Holdings Fiscal Year End 28th of January 2025 | PairCorr |
| 0.71 | WCFB | WCF Bancorp | PairCorr |
| 0.66 | WNEB | Western New England Fiscal Year End 28th of January 2025 | PairCorr |
| 0.65 | WABC | Westamerica Bancorporation Fiscal Year End 16th of January 2025 | PairCorr |
| 0.57 | WAFD | Washington Federal | PairCorr |
| 0.53 | BANC-PF | Banc of California | PairCorr |
| 0.48 | WASH | Washington Trust Bancorp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.47 | EQBK | Equity Bancshares, Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.45 | FRCCL | First Republic Bank | PairCorr |
| 0.45 | FRCHL | First Republic Bank | PairCorr |
| 0.45 | FRCKL | First Republic Bank | PairCorr |
| 0.44 | FRCLL | First Republic Bank | PairCorr |
| 0.4 | FRCIL | First Republic Bank | PairCorr |
| 0.35 | WBBW | Westbury Bancorp | PairCorr |
| 0.32 | WMPN | William Penn Bancorp | PairCorr |
Related Correlations Analysis
| 0.74 | 0.85 | 0.93 | 0.23 | BOH-PA | ||
| 0.74 | 0.9 | 0.79 | 0.42 | ASB-PE | ||
| 0.85 | 0.9 | 0.88 | 0.38 | CFG-PE | ||
| 0.93 | 0.79 | 0.88 | 0.1 | CFR-PB | ||
| 0.23 | 0.42 | 0.38 | 0.1 | DCOMP | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Cadence Preferred Stock performing well and Cadence 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 Cadence 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BOH-PA | 0.86 | (0.08) | 0.00 | (0.31) | 0.00 | 1.33 | 4.53 | |||
| ASB-PE | 0.64 | (0.01) | (0.15) | 0.04 | 0.77 | 1.31 | 4.24 | |||
| CFG-PE | 0.83 | (0.03) | (0.12) | 0.03 | 0.97 | 1.74 | 3.86 | |||
| CFR-PB | 0.68 | (0.12) | 0.00 | (0.78) | 0.00 | 1.25 | 3.94 | |||
| DCOMP | 0.82 | 0.09 | (0.01) | 0.60 | 1.11 | 1.65 | 4.78 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cadence 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.Did you try this?
Run Latest Portfolios Now
Latest PortfoliosQuick portfolio dashboard that showcases your latest portfolios |
| All Next | Launch Module |
Cadence Bank Corporate Management
| Valerie Toalson | EVP CFO | Profile | |
| Christopher Bagley | President | Profile | |
| Jeffrey Jaggers | COO EVP | Profile | |
| James III | Chairman CEO | Profile | |
| Will Fisackerly | Exec Fin | Profile | |
| Charles Pignuolo | Chief Officer | Profile | |
| Paul Murphy | Ex Chairman | Profile |