Logansport Financial Correlations
| LOGNDelisted Stock | USD 40.50 0.00 0.00% |
The current 90-days correlation between Logansport Financial Corp and FFW Corporation is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Logansport Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Logansport Financial Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Logansport Financial Correlation With Market
Good diversification
The correlation between Logansport Financial Corp 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 Logansport Financial Corp and DJI in the same portfolio, assuming nothing else is changed.
Logansport |
The ability to find closely correlated positions to Logansport Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Logansport Financial 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 Logansport Financial - 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 Logansport Financial Corp to buy it.
Moving against Logansport OTC Stock
| 0.68 | CFG-PH | Citizens Financial Group, | PairCorr |
| 0.64 | ECBK | ECB Bancorp | PairCorr |
| 0.57 | EBMT | Eagle Bancorp Montana Normal Trading | PairCorr |
| 0.53 | EGBN | Eagle Bancorp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.5 | VBFC | Village Bank | PairCorr |
| 0.48 | VBTX | Veritex Holdings Normal Trading | PairCorr |
| 0.46 | TECTP | Tectonic Financial | PairCorr |
| 0.43 | KB | KB Financial Group | PairCorr |
| 0.43 | VBNK | VersaBank Fiscal Year End 11th of December 2024 | PairCorr |
| 0.39 | DB | Deutsche Bank AG | PairCorr |
| 0.38 | EBTC | Enterprise Bancorp | PairCorr |
| 0.37 | RF | Regions Financial Sell-off Trend | PairCorr |
| 0.34 | VABK | Virginia National | PairCorr |
| 0.31 | EFSC | Enterprise Financial Fiscal Year End 27th of January 2025 | PairCorr |
| 0.57 | KEY-PL | KeyCorp | PairCorr |
| 0.55 | WMPN | William Penn Bancorp | PairCorr |
| 0.54 | KEY-PK | KeyCorp | PairCorr |
| 0.53 | TFINP | Triumph Financial | PairCorr |
| 0.5 | WSBCP | WesBanco | PairCorr |
| 0.48 | WASH | Washington Trust Bancorp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.47 | KEY-PJ | KeyCorp | PairCorr |
| 0.42 | ESSA | ESSA Bancorp | PairCorr |
| 0.4 | EVBN | Evans Bancorp | PairCorr |
| 0.38 | EQBK | Equity Bancshares, Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.33 | WABC | Westamerica Bancorporation Fiscal Year End 16th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.05 | -0.76 | 0.5 | 0.42 | FFWC | ||
| 0.05 | 0.05 | -0.07 | -0.03 | NIDB | ||
| -0.76 | 0.05 | -0.73 | -0.46 | AMFC | ||
| 0.5 | -0.07 | -0.73 | 0.57 | BORT | ||
| 0.42 | -0.03 | -0.46 | 0.57 | FFDF | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Logansport OTC Stock performing well and Logansport Financial 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 Logansport 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FFWC | 0.51 | 0.21 | 0.00 | (1.96) | 0.00 | 1.91 | 6.78 | |||
| NIDB | 25.54 | 6.69 | 0.18 | 3.79 | 19.79 | 100.00 | 154.59 | |||
| AMFC | 0.54 | (0.19) | 0.00 | 10.81 | 0.00 | 0.00 | 6.18 | |||
| BORT | 0.45 | 0.01 | (0.07) | 0.15 | 0.65 | 0.80 | 4.78 | |||
| FFDF | 1.02 | (0.01) | 0.00 | 0.46 | 0.00 | 3.31 | 8.75 |
Logansport Financial Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Logansport Financial otc stock to make a market-neutral strategy. Peer analysis of Logansport Financial could also be used in its relative valuation, which is a method of valuing Logansport Financial by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Logansport Financial Corporate Management
Elected by the shareholders, the Logansport Financial's board of directors comprises two types of representatives: Logansport Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Logansport. The board's role is to monitor Logansport Financial's management team and ensure that shareholders' interests are well served. Logansport Financial'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, Logansport Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Chad Higgins | EVP, CEO | Profile | |
| Michael Thompson | Ex Fsb | Profile | |
| Sheila Wildermuth | VP Operations | Profile | |
| Allen Schieber | VP Bank | Profile |
Still Interested in Logansport Financial Corp?
Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.