American National Correlations

Summary

AMNBDelisted Stock

USD 31.60 0.44 1.41%

The current 90-days correlation between American National and First Northwest Bancorp is 0.11 (i.e., Average diversification). The correlation of American National 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.

American National Correlation With Market

Very weak diversification

The correlation between American National Bankshares and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American National Bankshares and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with American Stock

0.63	HD	Home Depot	Pair Corr
0.62	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.66	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.81	HPQ	HP Inc	Pair Corr
0.64	DIS	Walt Disney	Pair Corr
0.74	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.71	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.69	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr

Moving against American Stock

0.68	SGD	Safe and Green	Pair Corr
0.61	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.58	KO	Coca Cola Aggressive Push	Pair Corr
0.42	PG	Procter Gamble	Pair Corr
0.41	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.4	QLGN	Qualigen Therapeutics Trending	Pair Corr
0.36	MULN	Mullen Automotive	Pair Corr

Related Correlations Analysis

	HMNF	FNWB	CWBC	FFNW	GSBC	HFBL	FCAP	FNWD	OVLY	HBCP
HMNF		0.05	0.17	-0.05	0.35	-0.1	0.16	0.22	0.5	0.49	HMNF
FNWB	0.05		0.5	0.28	0.05	0.02	-0.53	-0.54	-0.12	-0.21	FNWB
CWBC	0.17	0.5		-0.21	0.64	-0.04	-0.61	-0.43	0.46	0.32	CWBC
FFNW	-0.05	0.28	-0.21		-0.2	-0.06	0.0	-0.01	-0.26	-0.19	FFNW
GSBC	0.35	0.05	0.64	-0.2		0.12	-0.07	0.17	0.88	0.83	GSBC
HFBL	-0.1	0.02	-0.04	-0.06	0.12		0.06	0.08	0.09	0.12	HFBL
FCAP	0.16	-0.53	-0.61	0.0	-0.07	0.06		0.88	0.23	0.22	FCAP
FNWD	0.22	-0.54	-0.43	-0.01	0.17	0.08	0.88		0.47	0.42	FNWD
OVLY	0.5	-0.12	0.46	-0.26	0.88	0.09	0.23	0.47		0.89	OVLY
HBCP	0.49	-0.21	0.32	-0.19	0.83	0.12	0.22	0.42	0.89		HBCP
	HMNF	FNWB	CWBC	FFNW	GSBC	HFBL	FCAP	FNWD	OVLY	HBCP

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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

HBCP	+ 0.89	OVLY
OVLY	+ 0.88	GSBC
FNWD	+ 0.88	FCAP
HBCP	+ 0.83	GSBC
GSBC	+ 0.64	CWBC
OVLY	+ 0.5	HMNF

High negative correlations

FCAP	- 0.61	CWBC
FNWD	- 0.54	FNWB
FCAP	- 0.53	FNWB
FNWD	- 0.43	CWBC
OVLY	- 0.26	FFNW
FFNW	- 0.21	CWBC

Risk-Adjusted Indicators

There is a big difference between American Stock performing well and American National 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 National'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
HMNF	1.88	0.38	0.13	2.31	1.85	(2.37)	4.29	(3.19)	13.15
FNWB	1.55	0.05	0.00	0.17	1.69	(1.77)	4.11	(2.82)	14.21
CWBC	1.03	0.03	0.04	0.12	1.08	(1.11)	2.53	(2.16)	9.14
FFNW	0.61	(0.02)	(0.11)	0.02	0.76	(0.67)	1.65	(1.13)	4.32
GSBC	1.58	(0.05)	0.04	0.08	1.71	(1.71)	3.56	(3.32)	19.09
HFBL	1.75	0.01	(0.01)	0.11	2.40	(3.13)	3.82	(4.31)	21.70
FCAP	1.72	0.11	0.01	1.00	1.81	(2.40)	6.22	(3.53)	14.42
FNWD	0.95	0.17	0.09	0.67	0.73	(1.21)	2.48	(1.80)	12.55
OVLY	1.76	0.13	0.13	0.17	1.49	(2.31)	5.14	(2.77)	11.90
HBCP	1.66	0.09	0.09	0.15	1.73	(1.99)	3.76	(3.12)	12.98

View American National Related Equities

HMN Financial First Northwest Bancorp Community West Bancshares First Financial Northwest Great Southern Bancorp Home Federal Bancorp First Capital Finward Bancorp Oak Valley Bancorp Home Bancorp Heritage Financial HomeTrust Bancshares Lake Shore Bancorp Cullman Bancorp LINKBANCORP

Risk & Return

Correlation

American National Corporate Management

Alexander Jung	EVP Company	Profile
Cathy CAP	Chief Accounting Officer and Sr. VP	Profile
Lee Burris	SVP Co	Profile
CPA CPA	COO, VP	Profile
Edward Martin	Senior Officer	Profile
Lutheria Smith	Executive Officer	Profile

Still Interested in American National Bankshares?

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