BNCCorp Correlations

BNCC Stock

USD 36.75 0.20 0.54%

The current 90-days correlation between BNCCorp and Southern Michigan Bancorp is -0.11 (i.e., Good diversification). The correlation of BNCCorp 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.

BNCCorp Correlation With Market

Poor diversification

The correlation between BNCCorp and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BNCCorp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to BNCCorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BNCCorp 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 BNCCorp - 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 BNCCorp to buy it.

Moving together with BNCCorp OTC Stock

0.79	BKRKY	Bank Rakyat	Pair Corr
0.84	KB	KB Financial Group	Pair Corr
0.84	SHG	Shinhan Financial	Pair Corr
0.81	WF	Woori Financial Group	Pair Corr
0.78	GL-PD	Globe Life 425	Pair Corr
0.96	SBKO	Summit Bank Group	Pair Corr
0.7	CCL	Carnival	Pair Corr
0.8	ADEA	ADEIA P	Pair Corr
0.82	VHI	Valhi Inc Earnings Call This Week	Pair Corr
0.87	ESCA	Escalade Incorporated	Pair Corr
0.92	CMI	Cummins	Pair Corr
0.82	MFGCF	Mayfair Gold Corp	Pair Corr
0.86	TG	Tredegar	Pair Corr
0.87	VKQ	Invesco Municipal Trust	Pair Corr
0.94	RHHVF	Roche Holding AG	Pair Corr
0.92	INGR	Ingredion Incorporated	Pair Corr
0.89	BKCYF	Bank Of Cyprus Holdings P Normal Trading	Pair Corr
0.9	GEL	Genesis Energy LP	Pair Corr
0.79	OXY	Occidental Petroleum Aggressive Push	Pair Corr
0.79	CGON	CG Oncology Common	Pair Corr
0.87	BCO	Brinks Company	Pair Corr
0.96	VALE	Vale SA ADR	Pair Corr
0.78	XYIGY	Xinyi Glass Holdings Upward Rally	Pair Corr
0.8	NTRSO	Northern Trust	Pair Corr
0.88	BNL	Broadstone Net Lease	Pair Corr
0.85	MEEEF	Metal Energy Corp	Pair Corr
0.95	TDY	Teledyne Technologies	Pair Corr
0.8	ABCB	Ameris Bancorp	Pair Corr
0.88	WLK	Westlake Chemical	Pair Corr
0.81	TWMIF	Tidewater Midstream and Earnings Call This Week	Pair Corr
0.88	SOJE	Southern Company	Pair Corr

Moving against BNCCorp OTC Stock

0.93	PBCRY	Bank Central Asia	Pair Corr
0.77	PBCRF	PT Bank Central	Pair Corr
0.4	EYPT	Eyepoint Pharmaceuticals Earnings Call This Week	Pair Corr

Related Correlations Analysis

	SOMC	CPKF	CNBP	TYBT	DIMC	TYFG	FFDF	UBOH	WRIV	AMBK
SOMC		0.88	0.32	0.8	0.88	0.93	0.72	0.34	0.95	0.75	SOMC
CPKF	0.88		0.46	0.7	0.78	0.9	0.75	0.39	0.9	0.71	CPKF
CNBP	0.32	0.46		0.48	0.27	0.29	-0.05	0.72	0.31	0.24	CNBP
TYBT	0.8	0.7	0.48		0.86	0.81	0.43	0.48	0.85	0.64	TYBT
DIMC	0.88	0.78	0.27	0.86		0.91	0.7	0.31	0.94	0.73	DIMC
TYFG	0.93	0.9	0.29	0.81	0.91		0.83	0.25	0.97	0.76	TYFG
FFDF	0.72	0.75	-0.05	0.43	0.7	0.83		-0.05	0.76	0.57	FFDF
UBOH	0.34	0.39	0.72	0.48	0.31	0.25	-0.05		0.31	0.26	UBOH
WRIV	0.95	0.9	0.31	0.85	0.94	0.97	0.76	0.31		0.8	WRIV
AMBK	0.75	0.71	0.24	0.64	0.73	0.76	0.57	0.26	0.8		AMBK
	SOMC	CPKF	CNBP	TYBT	DIMC	TYFG	FFDF	UBOH	WRIV	AMBK

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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

WRIV	+ 0.97	TYFG
WRIV	+ 0.95	SOMC
WRIV	+ 0.94	DIMC
TYFG	+ 0.93	SOMC
TYFG	+ 0.91	DIMC
TYFG	+ 0.9	CPKF

High negative correlations

UBOH	- 0.05	FFDF
FFDF	- 0.05	CNBP

Risk-Adjusted Indicators

There is a big difference between BNCCorp OTC Stock performing well and BNCCorp 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 BNCCorp'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
SOMC	0.56	0.13	0.05	(2.07)	0.46	(1.05)	1.80	(1.04)	5.85
CPKF	0.79	0.41	0.28	1.88	0.10	(1.24)	2.22	(0.89)	7.77
CNBP	0.95	0.38	0.00	(0.52)	0.00	0.00	2.19	(0.01)	21.30
TYBT	0.22	0.05	0.00	(0.37)	0.00	0.00	1.38	(0.52)	3.14
DIMC	0.64	0.15	0.06	1.24	0.77	(0.86)	1.48	(1.17)	7.03
TYFG	0.25	0.09	0.00	2.87	0.00	0.00	0.73	(0.41)	2.51
FFDF	0.89	0.31	0.16	3.43	0.48	(1.63)	2.78	(1.56)	7.34
UBOH	1.20	0.23	0.10	0.68	1.03	(2.72)	3.47	(2.42)	15.52
WRIV	0.41	0.25	0.44	(1.85)	0.00	(0.79)	1.49	(0.21)	4.23
AMBK	1.06	0.15	0.01	(0.19)	1.93	(2.46)	4.22	(4.00)	20.22

Be your own money manager

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

Elected by the shareholders, the BNCCorp's board of directors comprises two types of representatives: BNCCorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BNCCorp. The board's role is to monitor BNCCorp's management team and ensure that shareholders' interests are well served. BNCCorp'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, BNCCorp's outside directors are responsible for providing unbiased perspectives on the board's policies.

Shawn CPA	Chief Officer	Profile
Douglas Brendel	Pres Bank	Profile
Justin Currie	Chief Officer	Profile
David CPA	Chief Market	Profile
Chad Scott	Pres Market	Profile
Michael Schmitz	SVP Services	Profile
Graig Gorder	Treasurer Investment	Profile

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