Dime Community Correlations
| DCOMP Preferred Stock | USD 20.35 0.02 0.1% |
The current 90-days correlation between Dime Community Bancshares and OceanFirst Financial Corp is -0.14 (i.e., Good diversification). The correlation of Dime Community 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.
Dime Community Correlation With Market
Average diversification
The correlation between Dime Community Bancshares and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dime Community Bancshares and DJI in the same portfolio, assuming nothing else is changed.
Dime |
The ability to find closely correlated positions to Dime Community could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dime Community 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 Dime Community - 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 Dime Community Bancshares to buy it.
Moving together with Dime Preferred Stock
Moving against Dime Preferred Stock
| 0.53 | EBTC | Enterprise Bancorp Earnings Call This Week | PairCorr |
| 0.38 | BY | Byline Bancorp Earnings Call This Week | PairCorr |
| 0.37 | BANC-PF | Banc of California Earnings Call This Week | PairCorr |
| 0.35 | EGBN | Eagle Bancorp Earnings Call This Week | PairCorr |
| 0.33 | VBFC | Village Bank Earnings Call This Week | PairCorr |
| 0.33 | TECTP | Tectonic Financial | PairCorr |
| 0.31 | EFSC | Enterprise Financial Earnings Call This Week | PairCorr |
| 0.61 | FBLA | FB Bancorp, Common | PairCorr |
| 0.55 | WNEB | Western New England Earnings Call This Week | PairCorr |
| 0.48 | EVBN | Evans Bancorp | PairCorr |
| 0.45 | OCFCP | OceanFirst Financial Corp | PairCorr |
| 0.38 | WSBC | WesBanco Earnings Call This Week | PairCorr |
| 0.37 | WSBCP | WesBanco Earnings Call This Week | PairCorr |
| 0.36 | FCCO | First Community Earnings Call This Week | PairCorr |
| 0.33 | WTBA | West Bancorporation Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.71 | -0.58 | 0.42 | -0.41 | FCNCP | ||
| 0.71 | -0.4 | 0.06 | -0.56 | FITBO | ||
| -0.58 | -0.4 | -0.16 | 0.29 | OCFCP | ||
| 0.42 | 0.06 | -0.16 | 0.32 | FITBP | ||
| -0.41 | -0.56 | 0.29 | 0.32 | VLYPO | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Dime Preferred Stock performing well and Dime Community 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 Dime Community'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FCNCP | 1.09 | (0.09) | 0.00 | (0.68) | 0.00 | 3.06 | 7.07 | |||
| FITBO | 0.80 | (0.14) | 0.00 | (0.32) | 0.00 | 2.07 | 4.60 | |||
| OCFCP | 0.29 | 0.02 | 0.01 | 0.82 | 0.31 | 0.89 | 2.00 | |||
| FITBP | 0.53 | (0.02) | 0.00 | (0.10) | 0.00 | 1.11 | 3.01 | |||
| VLYPO | 0.39 | 0.01 | (0.01) | 0.25 | 0.53 | 0.80 | 2.93 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Dime Community 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.Did you try this?
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Dime Community Corporate Management
| Kenneth Mahon | Ex Chairman | Profile | |
| Julie Levy | Ex Officer | Profile | |
| Stuart Lubow | COO Pres | Profile | |
| Conrad Gunther | EVP Officer | Profile | |
| Patricia Esq | Gen VP | Profile | |
| Austin Stonitsch | Ex Officer | Profile | |
| Michael Fegan | Ex Officer | Profile |