Columbia Financial Correlations

CLBK Stock

USD 18.23 0.03 0.16%

The current 90-days correlation between Columbia Financial and CF Financial is 0.45 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Columbia Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Columbia Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Columbia Financial Correlation With Market

Poor diversification

The correlation between Columbia Financial and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Financial and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy Columbia Stock please use our How to buy in Columbia Stock guide.

Moving together with Columbia Stock

0.91	AX	Axos Financial	Pair Corr
0.91	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.87	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.79	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.64	VABK	Virginia National	Pair Corr
0.68	VBNK	VersaBank Normal Trading	Pair Corr
0.78	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.81	EBTC	Enterprise Bancorp	Pair Corr
0.9	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.71	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.92	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.84	WAFD	Washington Federal	Pair Corr
0.83	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.73	BANC-PF	Banc of California	Pair Corr
0.84	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.7	ESSA	ESSA Bancorp	Pair Corr
0.67	EVBN	Evans Bancorp	Pair Corr

Moving against Columbia Stock

0.51	CFG-PE	Citizens Financial	Pair Corr
0.4	TFC-PR	Truist Financial	Pair Corr
0.37	TFC-PO	Truist Financial	Pair Corr
0.52	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	CWBC	FFNW	FNWB	FCAP	MGYR	OFED	HMNF	AFBI	FRAF	HFBL
CWBC		-0.08	0.64	-0.63	0.72	0.04	0.47	0.26	0.72	-0.04	CWBC
FFNW	-0.08		0.3	-0.11	-0.16	0.16	0.03	-0.16	-0.36	-0.03	FFNW
FNWB	0.64	0.3		-0.66	0.42	0.27	0.24	-0.1	0.16	0.02	FNWB
FCAP	-0.63	-0.11	-0.66		-0.24	-0.32	-0.16	0.1	-0.4	0.16	FCAP
MGYR	0.72	-0.16	0.42	-0.24		-0.4	0.59	0.28	0.58	0.08	MGYR
OFED	0.04	0.16	0.27	-0.32	-0.4		-0.34	0.13	-0.33	-0.29	OFED
HMNF	0.47	0.03	0.24	-0.16	0.59	-0.34		0.12	0.46	-0.15	HMNF
AFBI	0.26	-0.16	-0.1	0.1	0.28	0.13	0.12		0.28	-0.09	AFBI
FRAF	0.72	-0.36	0.16	-0.4	0.58	-0.33	0.46	0.28		-0.06	FRAF
HFBL	-0.04	-0.03	0.02	0.16	0.08	-0.29	-0.15	-0.09	-0.06		HFBL
	CWBC	FFNW	FNWB	FCAP	MGYR	OFED	HMNF	AFBI	FRAF	HFBL

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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

MGYR	+ 0.72	CWBC
FRAF	+ 0.72	CWBC
FNWB	+ 0.64	CWBC
HMNF	+ 0.59	MGYR
FRAF	+ 0.58	MGYR
HMNF	+ 0.47	CWBC

High negative correlations

FCAP	- 0.66	FNWB
FCAP	- 0.63	CWBC
OFED	- 0.4	MGYR
FRAF	- 0.4	FCAP
FRAF	- 0.36	FFNW
HMNF	- 0.34	OFED

Risk-Adjusted Indicators

There is a big difference between Columbia Stock performing well and Columbia 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 Columbia 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
CWBC	1.03	(0.03)	0.00	0.10	1.12	(1.13)	2.53	(2.16)	9.14
FFNW	0.59	(0.06)	0.00	(0.05)	0.00	0.00	1.36	(1.13)	4.32
FNWB	1.62	(0.02)	(0.03)	0.10	1.75	(1.87)	4.11	(2.82)	14.21
FCAP	1.91	0.07	(0.01)	0.39	2.02	(2.53)	6.30	(4.11)	14.42
MGYR	0.71	0.20	0.11	1.49	0.43	(0.89)	1.90	(1.22)	3.88
OFED	2.13	(0.26)	0.00	(1.97)	0.00	0.00	3.48	(5.28)	12.66
HMNF	1.88	0.37	0.11	2.26	1.85	(2.37)	4.29	(3.19)	13.15
AFBI	0.34	0.04	(0.19)	(0.09)	0.45	(0.45)	0.79	(0.65)	4.44
FRAF	0.79	0.18	0.03	(1.81)	1.06	(0.95)	1.52	(1.16)	9.44
HFBL	1.56	(0.17)	0.00	(0.27)	0.00	0.00	3.75	(4.31)	17.43

Columbia Financial Corporate Management

Matthew Rickert	Executive Officer	Profile
CFA CFA	Ex CFO	Profile
Oliver Lewis	Executive Banking	Profile
Jenifer Walden	Executive Officer	Profile

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