American Bank Correlations

AMBK Stock

USD 16.90 0.16 0.96%

The current 90-days correlation between American Bank and United Bancshares is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as American Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

American Bank Correlation With Market

Average diversification

The correlation between American Bank and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Bank and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to American 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 American 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 American 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 American Bank to buy it.

Moving together with American Pink Sheet

0.72	PPERY	Bank Mandiri Persero	Pair Corr
0.66	KB	KB Financial Group	Pair Corr
0.63	SHG	Shinhan Financial	Pair Corr
0.78	TEO	Telecom Argentina	Pair Corr
0.62	PHAR	Pharming Group NV	Pair Corr
0.82	CHACR	Crane Harbor Acquisition	Pair Corr
0.62	BAC	Bank of America	Pair Corr
0.66	REGN	Regeneron Pharmaceuticals	Pair Corr
0.64	GM	General Motors	Pair Corr

Moving against American Pink Sheet

0.48	SWRM	Appswarm	Pair Corr
0.33	26442TAG2	US26442TAG22	Pair Corr
0.42	WOLF	Wolfspeed,	Pair Corr
0.32	RGC	Regencell Bioscience Trending	Pair Corr

Related Correlations Analysis

	UBOH	FKYS	DIMC	SOMC	PSBQ	SLBK	CPKF	CHBH	FFDF	BNCC
UBOH		0.7	-0.18	0.46	0.61	-0.1	0.24	0.38	-0.1	0.39	UBOH
FKYS	0.7		-0.02	0.21	0.24	-0.02	0.52	0.42	0.21	0.38	FKYS
DIMC	-0.18	-0.02		-0.82	-0.63	0.87	0.78	0.61	0.75	0.66	DIMC
SOMC	0.46	0.21	-0.82		0.76	-0.72	-0.54	-0.44	-0.62	-0.41	SOMC
PSBQ	0.61	0.24	-0.63	0.76		-0.6	-0.33	-0.09	-0.63	-0.15	PSBQ
SLBK	-0.1	-0.02	0.87	-0.72	-0.6		0.71	0.52	0.69	0.66	SLBK
CPKF	0.24	0.52	0.78	-0.54	-0.33	0.71		0.76	0.74	0.77	CPKF
CHBH	0.38	0.42	0.61	-0.44	-0.09	0.52	0.76		0.53	0.71	CHBH
FFDF	-0.1	0.21	0.75	-0.62	-0.63	0.69	0.74	0.53		0.52	FFDF
BNCC	0.39	0.38	0.66	-0.41	-0.15	0.66	0.77	0.71	0.52		BNCC
	UBOH	FKYS	DIMC	SOMC	PSBQ	SLBK	CPKF	CHBH	FFDF	BNCC

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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

SLBK	+ 0.87	DIMC
CPKF	+ 0.78	DIMC
BNCC	+ 0.77	CPKF
PSBQ	+ 0.76	SOMC
CHBH	+ 0.76	CPKF
FFDF	+ 0.75	DIMC

High negative correlations

SOMC	- 0.82	DIMC
SLBK	- 0.72	SOMC
FFDF	- 0.63	PSBQ
PSBQ	- 0.63	DIMC
FFDF	- 0.62	SOMC
SLBK	- 0.6	PSBQ

Risk-Adjusted Indicators

There is a big difference between American Pink Sheet performing well and American 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 American 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
UBOH	1.16	0.30	0.15	1.16	0.93	(1.96)	3.47	(2.77)	13.05
FKYS	0.85	0.06	0.01	26.03	0.86	(1.34)	2.13	(1.57)	5.81
DIMC	0.67	0.21	0.11	0.93	0.67	(0.94)	1.94	(1.01)	8.08
SOMC	0.27	(0.03)	0.00	(0.15)	0.00	0.00	1.01	(0.64)	2.68
PSBQ	0.36	(0.04)	0.00	(0.45)	0.00	0.00	0.85	(1.24)	3.58
SLBK	0.53	0.15	0.11	1.56	0.34	(0.89)	1.58	(0.97)	6.58
CPKF	0.79	0.39	0.23	2.06	0.35	(1.12)	2.73	(0.84)	6.68
CHBH	0.74	0.08	0.02	0.29	1.03	(1.12)	1.98	(1.48)	8.61
FFDF	0.39	0.05	(0.01)	(0.37)	0.57	(0.92)	0.98	(1.12)	5.40
BNCC	0.44	0.07	0.02	1.55	0.41	(0.75)	1.33	(1.08)	3.25

Be your own money manager

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

Robert Turner	CIO of American Bank and Sr. VP of American Bank	Profile
Chris Persichetti	Chief Lending Officer of American Bank and Sr. VP of American Bank	Profile
Michael Bocich	VP Bank	Profile
Mary Garza	Marketing Director	Profile
Brian Farrell	VP Bank	Profile
Toney Horst	Treasurer VP	Profile

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