Marine Bancorp Correlations

MBOF Stock

USD 39.60 0.10 0.25%

The current 90-days correlation between Marine Bancorp and GAMCO Global Gold is 0.01 (i.e., Significant diversification). The correlation of Marine Bancorp 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.

Marine Bancorp Correlation With Market

Modest diversification

The correlation between Marine Bancorp of and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marine Bancorp of and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Marine Pink Sheet

0.68	USB-PH	US Bancorp	Pair Corr
0.64	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.65	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.63	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.66	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.73	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.64	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.68	CVX	Chevron Corp Sell-off Trend	Pair Corr

Moving against Marine Pink Sheet

0.74	BBAS3	Banco do Brasil	Pair Corr
0.55	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.47	BNPQY	BNP Paribas SA Normal Trading	Pair Corr
0.45	BBDC4	Banco Bradesco SA	Pair Corr
0.45	BNPQF	BNP Paribas SA	Pair Corr
0.64	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.53	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.32	VZ	Verizon Communications Sell-off Trend	Pair Corr

Related Correlations Analysis

	MMTRS	EFRMF	CHMN	AKTAF	BK	GGN-PB	LOMLF	SUM
MMTRS		-0.41	0.0	0.15	0.61	-0.49	-0.45	0.6	MMTRS
EFRMF	-0.41		0.0	-0.67	-0.84	0.66	0.12	-0.68	EFRMF
CHMN	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CHMN
AKTAF	0.15	-0.67	0.0		0.64	-0.35	0.11	0.5	AKTAF
BK	0.61	-0.84	0.0	0.64		-0.77	-0.41	0.89	BK
GGN-PB	-0.49	0.66	0.0	-0.35	-0.77		0.63	-0.9	GGN-PB
LOMLF	-0.45	0.12	0.0	0.11	-0.41	0.63		-0.58	LOMLF
SUM	0.6	-0.68	0.0	0.5	0.89	-0.9	-0.58		SUM
	MMTRS	EFRMF	CHMN	AKTAF	BK	GGN-PB	LOMLF	SUM

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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

SUM	+ 0.89	BK
GGN-PB	+ 0.66	EFRMF
BK	+ 0.64	AKTAF
LOMLF	+ 0.63	GGN-PB
BK	+ 0.61	MMTRS
SUM	+ 0.6	MMTRS

High negative correlations

SUM	- 0.9	GGN-PB
BK	- 0.84	EFRMF
GGN-PB	- 0.77	BK
SUM	- 0.68	EFRMF
AKTAF	- 0.67	EFRMF
SUM	- 0.58	LOMLF

Risk-Adjusted Indicators

There is a big difference between Marine Pink Sheet performing well and Marine 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 Marine 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
MMTRS	1.24	0.32	0.00	(0.26)	0.00	0.00	3.85	(1.20)	42.86
EFRMF	0.83	(0.30)	0.00	1.16	0.00	0.00	0.00	0.00	28.57
CHMN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AKTAF	1.73	0.37	0.11	1.16	1.53	(2.91)	4.42	(2.59)	14.88
BK	0.80	0.19	0.19	0.37	0.42	(0.92)	2.10	(1.20)	4.87
GGN-PB	0.77	(0.04)	0.00	0.53	0.00	0.00	2.51	(1.68)	5.73
LOMLF	2.04	(0.22)	0.00	(1.16)	0.00	0.00	4.76	(4.76)	15.00
SUM	1.47	0.50	0.29	1.83	0.93	(1.76)	4.18	(2.33)	9.88

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Our tools can tell you how much better you can do entering a position in Marine Bancorp 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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