Bank of the Correlations

BOTJ Stock

USD 13.99 0.59 4.40%

The current 90-days correlation between Bank of the and National Bankshares is 0.28 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bank of the moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank of the moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Bank of the Correlation With Market

Average diversification

The correlation between Bank of the and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bank of the 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 the. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Bank Stock please use our How to buy in Bank Stock guide.

Moving together with Bank Stock

0.67	BY	Byline Bancorp	Pair Corr
0.61	BANC-PF	Banc of California	Pair Corr
0.71	EVBN	Evans Bancorp Earnings Call This Week	Pair Corr

Moving against Bank Stock

0.5	NU	Nu Holdings Aggressive Push	Pair Corr
0.43	TFC-PR	Truist Financial	Pair Corr
0.39	TFC-PO	Truist Financial	Pair Corr
0.33	KB	KB Financial Group	Pair Corr
0.33	CFG-PE	Citizens Financial	Pair Corr
0.48	KEY-PI	KeyCorp	Pair Corr
0.45	FRCCL	First Republic Bank	Pair Corr
0.45	FRCHL	First Republic Bank	Pair Corr

Related Correlations Analysis

	NKSH	OFED	CULL	HFBL	HMNF	CVCY	OPOF	SMBC	MRBK
NKSH		0.09	-0.18	-0.38	-0.2	-0.16	-0.27	0.86	0.6	NKSH
OFED	0.09		0.36	-0.46	-0.34	-0.64	-0.9	0.3	-0.37	OFED
CULL	-0.18	0.36		-0.29	-0.5	-0.22	-0.37	0.16	-0.31	CULL
HFBL	-0.38	-0.46	-0.29		0.35	0.33	0.54	-0.62	-0.08	HFBL
HMNF	-0.2	-0.34	-0.5	0.35		0.18	0.57	-0.41	0.3	HMNF
CVCY	-0.16	-0.64	-0.22	0.33	0.18		0.57	-0.35	0.3	CVCY
OPOF	-0.27	-0.9	-0.37	0.54	0.57	0.57		-0.47	0.3	OPOF
SMBC	0.86	0.3	0.16	-0.62	-0.41	-0.35	-0.47		0.45	SMBC
MRBK	0.6	-0.37	-0.31	-0.08	0.3	0.3	0.3	0.45		MRBK
	NKSH	OFED	CULL	HFBL	HMNF	CVCY	OPOF	SMBC	MRBK

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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

SMBC	+ 0.86	NKSH
MRBK	+ 0.6	NKSH
OPOF	+ 0.57	HMNF
OPOF	+ 0.57	CVCY
OPOF	+ 0.54	HFBL
MRBK	+ 0.45	SMBC

High negative correlations

OPOF	- 0.9	OFED
CVCY	- 0.64	OFED
SMBC	- 0.62	HFBL
HMNF	- 0.5	CULL
SMBC	- 0.47	OPOF
HFBL	- 0.46	OFED

Risk-Adjusted Indicators

There is a big difference between Bank Stock performing well and Bank of the 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 the'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
NKSH	1.95	0.03	0.01	0.07	2.49	(2.07)	4.30	(4.42)	12.11
OFED	2.13	(0.22)	0.00	0.48	0.00	0.00	3.48	(5.28)	12.66
CULL	0.51	(0.12)	0.00	1.53	0.00	0.00	1.18	(1.64)	4.73
HFBL	1.56	0.07	0.01	(0.22)	2.10	(2.31)	5.69	(4.49)	12.54
HMNF	1.88	0.41	0.15	(1.28)	1.85	(2.37)	4.29	(3.19)	13.15
CVCY	2.70	(0.04)	0.00	0.32	0.00	0.00	6.10	(6.70)	18.72
OPOF	1.15	0.40	0.18	(1.65)	1.37	(1.26)	3.17	(1.58)	11.44
SMBC	1.55	(0.12)	0.00	(0.22)	0.00	0.00	2.81	(3.11)	19.64
MRBK	1.43	0.26	0.13	2.05	1.57	(1.65)	4.38	(2.90)	12.72

Bank of the Corporate Management

Harry Umberger	Executive VP of Bank of the James and Sr. Credit Officer of Bank of the James	Profile
Bradford Harris	Market Valley	Profile
Brian Cash	President of Bank of the James Mortgage	Profile
Glenn Dillon	President of BOTJ Investment Group Inc	Profile

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