Merchants Bancorp Correlations

MBIN Stock

USD 47.42 0.86 1.85%

The current 90-days correlation between Merchants Bancorp and First Merchants is 0.61 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Merchants Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Merchants Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Merchants Bancorp Correlation With Market

Poor diversification

The correlation between Merchants Bancorp and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Merchants Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Merchants Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Merchants Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Merchants Stock, please use our How to Invest in Merchants Bancorp guide.

Moving together with Merchants Stock

0.83	WSBF	Waterstone Financial	Pair Corr
0.67	TFLM	TFLM	Pair Corr
0.62	SECVY	Seche Environnement	Pair Corr
0.68	YLLXF	Yellow Cake plc	Pair Corr
0.69	NEWTH	NewtekOne 8625 percent	Pair Corr
0.78	AROC	Archrock Symbol Change	Pair Corr
0.76	FIBK	First Interstate Ban	Pair Corr
0.87	OBYCF	Obayashi	Pair Corr
0.75	THO	Thor Industries Downward Rally	Pair Corr
0.76	ENS	Enersys	Pair Corr
0.65	BNKHF	BOC Hong Kong	Pair Corr
0.78	NFG	National Fuel Gas	Pair Corr
0.68	RCKY	Rocky Brands	Pair Corr

Moving against Merchants Stock

0.39	RDN	Radian Group	Pair Corr
0.35	MTG	MGIC Investment Corp	Pair Corr
0.51	IVVD	Invivyd	Pair Corr
0.49	BROGF	BROGF	Pair Corr
0.4	NVNIW	Nvni Group Limited	Pair Corr

Related Correlations Analysis

	FRME	STBA	SRCE	GABC	TCBK	LKFN	NBHC	WAFD	LOB	STEL
FRME		0.94	0.96	0.93	0.92	0.81	0.91	0.8	0.91	0.88	FRME
STBA	0.94		0.98	0.93	0.95	0.88	0.89	0.76	0.86	0.86	STBA
SRCE	0.96	0.98		0.95	0.96	0.89	0.92	0.74	0.91	0.88	SRCE
GABC	0.93	0.93	0.95		0.86	0.91	0.81	0.64	0.85	0.91	GABC
TCBK	0.92	0.95	0.96	0.86		0.81	0.94	0.85	0.87	0.79	TCBK
LKFN	0.81	0.88	0.89	0.91	0.81		0.72	0.52	0.74	0.81	LKFN
NBHC	0.91	0.89	0.92	0.81	0.94	0.72		0.81	0.94	0.74	NBHC
WAFD	0.8	0.76	0.74	0.64	0.85	0.52	0.81		0.69	0.55	WAFD
LOB	0.91	0.86	0.91	0.85	0.87	0.74	0.94	0.69		0.83	LOB
STEL	0.88	0.86	0.88	0.91	0.79	0.81	0.74	0.55	0.83		STEL
	FRME	STBA	SRCE	GABC	TCBK	LKFN	NBHC	WAFD	LOB	STEL

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Risk-Adjusted Indicators

There is a big difference between Merchants Stock performing well and Merchants Bancorp 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 Merchants Bancorp'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
FRME	1.10	0.19	0.13	0.31	0.99	(1.26)	2.84	(1.50)	8.32
STBA	1.14	0.16	0.10	0.31	1.28	(1.30)	2.62	(1.64)	9.17
SRCE	0.96	0.15	0.10	0.35	0.86	(1.16)	2.21	(2.02)	5.76
GABC	1.18	0.09	0.05	0.21	1.11	(1.41)	3.30	(2.03)	7.84
TCBK	1.13	0.12	0.09	0.23	1.03	(1.27)	3.41	(1.65)	7.18
LKFN	1.21	0.02	0.00	0.12	1.21	(1.53)	3.46	(2.49)	7.37
NBHC	1.06	0.13	0.11	0.21	0.98	(1.21)	2.85	(1.55)	9.76
WAFD	1.17	0.09	0.04	0.22	1.40	(1.24)	3.19	(2.74)	7.68
LOB	1.83	0.25	0.18	0.24	1.42	(2.49)	5.13	(2.50)	9.72
STEL	1.13	0.39	0.33	0.64	0.58	(1.41)	2.67	(1.28)	11.51

Merchants Bancorp Corporate Executives

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

John Macke

CFO of Merchants and Merchants Bank

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