Bank of Marin Correlations

BMRC Stock

USD 26.22 0.51 1.98%

The current 90-days correlation between Bank of Marin and Community West Bancshares is 0.76 (i.e., Poor diversification). The correlation of Bank of Marin 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.

Bank of Marin Correlation With Market

Poor diversification

The correlation between Bank of Marin and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bank of Marin 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 Bank of Marin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.

Moving together with Bank Stock

0.93	AX	Axos Financial	Pair Corr
0.92	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.97	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.97	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.91	VBNK	VersaBank Normal Trading	Pair Corr
0.9	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.78	TECTP	Tectonic Financial	Pair Corr
0.73	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.92	EBTC	Enterprise Bancorp	Pair Corr
0.64	ECBK	ECB Bancorp	Pair Corr
0.96	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.92	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.94	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.95	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.95	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.74	ESSA	ESSA Bancorp	Pair Corr
0.78	EVBN	Evans Bancorp	Pair Corr
0.93	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.7	WSBCP	WesBanco	Pair Corr
0.83	WMPN	William Penn Bancorp	Pair Corr

Moving against Bank Stock

0.55	TFC-PO	Truist Financial	Pair Corr
0.52	WF	Woori Financial Group	Pair Corr
0.5	TFC-PR	Truist Financial	Pair Corr
0.5	CFG-PE	Citizens Financial	Pair Corr

Related Correlations Analysis

	CWBC	HFWA	HMNF	FFNW	BSRR	THFF	TCBK	CTBI	VABK
CWBC		0.56	0.17	-0.21	0.73	0.65	0.64	0.43	0.29	CWBC
HFWA	0.56		0.53	-0.32	0.88	0.95	0.93	0.95	0.54	HFWA
HMNF	0.17	0.53		-0.05	0.32	0.51	0.49	0.58	0.38	HMNF
FFNW	-0.21	-0.32	-0.05		-0.2	-0.27	-0.08	-0.24	-0.18	FFNW
BSRR	0.73	0.88	0.32	-0.2		0.92	0.88	0.8	0.59	BSRR
THFF	0.65	0.95	0.51	-0.27	0.92		0.94	0.93	0.64	THFF
TCBK	0.64	0.93	0.49	-0.08	0.88	0.94		0.9	0.49	TCBK
CTBI	0.43	0.95	0.58	-0.24	0.8	0.93	0.9		0.66	CTBI
VABK	0.29	0.54	0.38	-0.18	0.59	0.64	0.49	0.66		VABK
	CWBC	HFWA	HMNF	FFNW	BSRR	THFF	TCBK	CTBI	VABK

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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

THFF	+ 0.95	HFWA
CTBI	+ 0.95	HFWA
TCBK	+ 0.94	THFF
TCBK	+ 0.93	HFWA
CTBI	+ 0.93	THFF
THFF	+ 0.92	BSRR

High negative correlations

FFNW	- 0.32	HFWA
THFF	- 0.27	FFNW
CTBI	- 0.24	FFNW
FFNW	- 0.21	CWBC
BSRR	- 0.2	FFNW
VABK	- 0.18	FFNW

Risk-Adjusted Indicators

There is a big difference between Bank Stock performing well and Bank of Marin 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 Bank of Marin'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	0.04	0.12	1.08	(1.11)	2.53	(2.16)	9.14
HFWA	1.59	0.06	0.09	0.13	1.61	(1.67)	3.50	(2.26)	19.67
HMNF	1.88	0.38	0.13	2.31	1.85	(2.37)	4.29	(3.19)	13.15
FFNW	0.61	(0.02)	(0.11)	0.02	0.76	(0.67)	1.65	(1.13)	4.32
BSRR	1.97	(0.04)	0.06	0.09	2.13	(2.21)	4.11	(3.15)	26.66
THFF	1.49	0.04	0.10	0.12	1.47	(1.75)	3.16	(3.11)	17.69
TCBK	1.57	(0.05)	0.04	0.08	1.89	(1.72)	3.98	(3.55)	18.17
CTBI	1.61	0.12	0.14	0.15	1.51	(2.04)	3.19	(2.42)	21.98
VABK	1.42	0.12	0.09	0.20	1.24	(1.91)	4.08	(2.26)	10.17

Bank of Marin Corporate Management

Boo Wilson	Chief Officer	Profile
David Merck	Principal Accounting Officer	Profile
Sathis Arasadi	Executive Officer	Profile
David Bloom	Executive Banking	Profile
Nicolette Sloan	Executive Strategy	Profile
Patrick London	Executive Banking	Profile
Keith Zimmerman	VP	Profile

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