Bank of Idaho Holding Correlations

BOID Stock

USD 50.83 0.17 0.33%

The current 90-days correlation between Bank of Idaho Holding and National Capital Bank is -0.01 (i.e., Good diversification). The correlation of Bank of Idaho Holding 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 Idaho Holding Correlation With Market

Modest diversification

The correlation between Bank of Idaho and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bank of Idaho and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Bank OTC Stock

0.75	CIHKY	China Merchants Bank	Pair Corr
0.67	BBAS3	Banco do Brasil	Pair Corr
0.62	USB-PH	US Bancorp	Pair Corr
0.68	COHG	Cheetah Oil Gas	Pair Corr
0.62	FSTF	First State Financial	Pair Corr
0.75	GILT	Gilat Satellite Networks	Pair Corr
0.61	V	Visa Class A	Pair Corr
0.71	GE	GE Aerospace	Pair Corr
0.91	MMM	3M Company	Pair Corr

Moving against Bank OTC Stock

0.76	IBN	ICICI Bank Limited	Pair Corr
0.69	HDB	HDFC Bank Limited Normal Trading	Pair Corr
0.42	RELIW	Reliance Global Group	Pair Corr
0.37	BBDC4	Banco Bradesco SA	Pair Corr
0.58	MCD	McDonalds Earnings Call This Week	Pair Corr
0.53	HPQ	HP Inc	Pair Corr
0.43	MRK	Merck Company Earnings Call This Week	Pair Corr
0.34	PG	Procter Gamble	Pair Corr
0.31	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr

Related Correlations Analysis

	WBZB	NACB	CIWV	CMHF	LWCL	FBSI	FMFP	NODB	FSDK
WBZB		-0.19	0.83	0.54	0.15	0.8	-0.06	0.3	0.0	WBZB
NACB	-0.19		-0.32	-0.32	-0.22	-0.07	0.13	-0.12	0.0	NACB
CIWV	0.83	-0.32		0.66	0.41	0.68	-0.24	0.44	0.0	CIWV
CMHF	0.54	-0.32	0.66		0.7	0.33	-0.21	0.3	0.0	CMHF
LWCL	0.15	-0.22	0.41	0.7		-0.01	-0.54	0.51	0.0	LWCL
FBSI	0.8	-0.07	0.68	0.33	-0.01		-0.16	0.19	0.0	FBSI
FMFP	-0.06	0.13	-0.24	-0.21	-0.54	-0.16		-0.55	0.0	FMFP
NODB	0.3	-0.12	0.44	0.3	0.51	0.19	-0.55		0.0	NODB
FSDK	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		FSDK
	WBZB	NACB	CIWV	CMHF	LWCL	FBSI	FMFP	NODB	FSDK

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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

CIWV	+ 0.83	WBZB
FBSI	+ 0.8	WBZB
LWCL	+ 0.7	CMHF
FBSI	+ 0.68	CIWV
CMHF	+ 0.66	CIWV
CMHF	+ 0.54	WBZB

High negative correlations

NODB	- 0.55	FMFP
FMFP	- 0.54	LWCL
CMHF	- 0.32	NACB
CIWV	- 0.32	NACB
FMFP	- 0.24	CIWV
LWCL	- 0.22	NACB

Risk-Adjusted Indicators

There is a big difference between Bank OTC Stock performing well and Bank of Idaho Holding 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 Bank of Idaho Holding'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
WBZB	0.28	0.14	0.00	(2.13)	0.00	0.00	0.00	0.00	5.88
NACB	43.87	14.34	0.39	0.66	24.31	(101.52)	300.00	(73.69)	381.28
CIWV	1.03	0.35	0.00	2.08	0.00	0.00	3.85	(1.90)	14.01
CMHF	0.49	0.23	0.00	(4.48)	0.00	0.00	2.28	0.00	4.55
LWCL	0.40	0.10	0.00	2.73	0.00	0.00	1.79	(0.17)	8.49
FBSI	0.85	0.05	0.00	0.20	0.00	0.00	3.37	(1.09)	15.57
FMFP	0.83	(0.06)	0.00	0.29	0.00	0.00	1.96	(3.76)	14.49
NODB	0.46	0.13	0.04	1.15	0.47	(0.88)	2.11	(0.68)	7.08
FSDK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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Our tools can tell you how much better you can do entering a position in Bank of Idaho Holding 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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