Blue Ridge Correlations

BRBS Stock

USD 3.55 0.05 1.39%

The current 90-days correlation between Blue Ridge Bankshares and LINKBANCORP is 0.36 (i.e., Weak diversification). The correlation of Blue Ridge 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Blue Ridge Correlation With Market

Very weak diversification

The correlation between Blue Ridge Bankshares and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blue Ridge Bankshares 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 Blue Ridge Bankshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Blue Stock

0.93	AX	Axos Financial	Pair Corr
0.94	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.96	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.91	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.65	VABK	Virginia National	Pair Corr
0.84	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.85	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.73	TECTP	Tectonic Financial	Pair Corr
0.9	EBTC	Enterprise Bancorp	Pair Corr
0.93	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.85	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.9	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.86	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.64	BANC-PF	Banc of California	Pair Corr
0.88	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.69	ESSA	ESSA Bancorp	Pair Corr
0.73	EVBN	Evans Bancorp	Pair Corr
0.84	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.65	WSBCP	WesBanco	Pair Corr
0.83	WMPN	William Penn Bancorp	Pair Corr

Moving against Blue Stock

0.58	TFC-PO	Truist Financial	Pair Corr
0.55	TFC-PR	Truist Financial	Pair Corr
0.55	CFG-PE	Citizens Financial	Pair Corr
0.37	WF	Woori Financial Group	Pair Corr
0.33	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	LNKB	CBAN	BWFG	ECBK	AFBI	OFED	HMNF	HFBL	HVBC	CWBC
LNKB		0.82	0.67	0.64	0.2	-0.6	0.5	0.05	0.43	0.41	LNKB
CBAN	0.82		0.8	0.6	0.16	-0.49	0.6	0.05	0.58	0.49	CBAN
BWFG	0.67	0.8		0.31	0.25	-0.21	0.62	-0.14	0.62	0.61	BWFG
ECBK	0.64	0.6	0.31		-0.03	-0.88	0.42	0.24	0.31	-0.23	ECBK
AFBI	0.2	0.16	0.25	-0.03		0.11	0.1	-0.13	0.33	0.12	AFBI
OFED	-0.6	-0.49	-0.21	-0.88	0.11		-0.34	-0.16	-0.25	0.28	OFED
HMNF	0.5	0.6	0.62	0.42	0.1	-0.34		-0.12	0.4	0.23	HMNF
HFBL	0.05	0.05	-0.14	0.24	-0.13	-0.16	-0.12		0.03	-0.04	HFBL
HVBC	0.43	0.58	0.62	0.31	0.33	-0.25	0.4	0.03		0.25	HVBC
CWBC	0.41	0.49	0.61	-0.23	0.12	0.28	0.23	-0.04	0.25		CWBC
	LNKB	CBAN	BWFG	ECBK	AFBI	OFED	HMNF	HFBL	HVBC	CWBC

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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

CBAN	+ 0.82	LNKB
BWFG	+ 0.8	CBAN
BWFG	+ 0.67	LNKB
ECBK	+ 0.64	LNKB
HMNF	+ 0.62	BWFG
HVBC	+ 0.62	BWFG

High negative correlations

OFED	- 0.88	ECBK
OFED	- 0.6	LNKB
OFED	- 0.49	CBAN
HMNF	- 0.34	OFED
HVBC	- 0.25	OFED
CWBC	- 0.23	ECBK

Risk-Adjusted Indicators

There is a big difference between Blue Stock performing well and Blue Ridge 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 Blue Ridge'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
LNKB	1.76	0.13	0.10	0.21	1.52	(2.39)	4.29	(2.70)	10.82
CBAN	1.23	0.30	0.16	1.87	0.99	(1.53)	2.69	(1.97)	16.22
BWFG	1.79	0.07	0.09	0.15	2.20	(1.93)	3.64	(4.51)	17.30
ECBK	1.09	0.17	0.05	0.84	1.16	(1.22)	2.66	(2.05)	7.11
AFBI	0.32	0.03	(0.18)	(0.08)	0.44	(0.41)	0.71	(0.65)	4.44
OFED	2.13	(0.22)	0.00	1.42	0.00	0.00	3.48	(5.28)	12.66
HMNF	1.88	0.44	0.12	(1.02)	1.85	(2.37)	4.29	(3.19)	13.15
HFBL	1.73	(0.02)	(0.01)	0.09	2.43	(3.09)	3.82	(4.31)	21.70
HVBC	1.51	0.38	0.08	(0.95)	2.03	(1.59)	2.68	(4.11)	18.63
CWBC	1.07	0.04	0.06	0.15	1.07	(1.19)	2.64	(2.16)	9.14

Blue Ridge Corporate Management

Amanda Story	Corporate Secretary	Profile
Ann Mann	Chief Officer	Profile
Jerry Maloney	Chief Officer	Profile
Brian CPA	CEO Pres	Profile
Craig Richards	Director Management	Profile
Julie Catron	Assistant Admin	Profile

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