Southern Community Correlations

SCBSDelisted Stock  USD 16.50  0.00  0.00%   
The current 90-days correlation between Southern Community and CCSB Financial Corp is -0.02 (i.e., Good diversification). The correlation of Southern Community 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Southern Community Correlation With Market

Good diversification

The correlation between Southern Community Bancshares and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Southern Community Bancshares and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Southern Community could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Southern Community 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 Southern Community - 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 Southern Community Bancshares to buy it.

Moving against Southern Pink Sheet

  0.35MSFT Microsoft Aggressive PushPairCorr
  0.33PUTKY United Tractors TbkPairCorr

Related Correlations Analysis

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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   
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PBKCFBAK
TRSTFBAK
PBKCFISB
BKUTOPHC
  
High negative correlations   
PBKCCCFC
PBKCINTR
CCFCFISB
BKUTINTR
BKUTCCFC
INTRFBAK

Risk-Adjusted Indicators

There is a big difference between Southern Pink Sheet performing well and Southern Community 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 Southern Community'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CNBB  1.04  0.10  0.00 (1.75) 1.53 
 5.51 
 15.60 
OPHC  1.17  0.19  0.05 (9.08) 1.42 
 2.75 
 16.79 
FBAK  1.28  0.23  0.06  4.91  1.82 
 2.50 
 11.46 
TRST  1.32  0.14  0.02  6.64  1.32 
 2.73 
 17.64 
INTR  2.18 (0.78) 0.00 (1.22) 0.00 
 3.18 
 17.47 
FISB  0.58  0.21  0.06  72.66  0.43 
 1.78 
 8.81 
CCFC  0.48 (0.15) 0.00 (1.47) 0.00 
 0.82 
 7.12 
DWNX  0.11  0.00  0.00  0.35  0.00 
 0.49 
 1.47 
BKUT  0.45  0.25  0.00 (1.93) 0.00 
 2.65 
 4.44 
PBKC  0.30  0.12  0.00  1.02  0.00 
 1.13 
 5.76 

Southern Community 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 Southern Community pink sheet to make a market-neutral strategy. Peer analysis of Southern Community could also be used in its relative valuation, which is a method of valuing Southern Community by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Still Interested in Southern Community Bancshares?

Investing in delisted pink sheets can be risky, as the pink sheet 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.