MetroCity Bankshares Correlations

MCBS Stock

USD 27.72 0.10 0.36%

The correlation of MetroCity Bankshares 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.

MetroCity Bankshares Correlation With Market

Poor diversification

The correlation between MetroCity Bankshares and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MetroCity Bankshares and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MetroCity 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.

For more information on how to buy MetroCity Stock please use our How to Invest in MetroCity Bankshares guide.

Moving together with MetroCity Stock

0.94	AX	Axos Financial	Pair Corr
0.89	BY	Byline Bancorp	Pair Corr
0.69	KB	KB Financial Group	Pair Corr
0.86	PB	Prosperity Bancshares	Pair Corr
0.93	RF	Regions Financial	Pair Corr
0.95	VBNK	VersaBank	Pair Corr
0.92	VBTX	Veritex Holdings	Pair Corr
0.66	EFSI	Eagle Financial Services	Pair Corr
0.95	EGBN	Eagle Bancorp	Pair Corr
0.76	WAFD	Washington Federal	Pair Corr
0.87	EQBK	Equity Bancshares,	Pair Corr
0.72	WAFDP	Washington Federal	Pair Corr
0.8	TFINP	Triumph Financial	Pair Corr
0.95	EVBN	Evans Bancorp	Pair Corr
0.84	EWBC	East West Bancorp	Pair Corr
0.88	WMPN	William Penn Bancorp	Pair Corr

Moving against MetroCity Stock

0.88	VBFC	Village Bank	Pair Corr
0.73	TECTP	Tectonic Financial	Pair Corr
0.59	EBMT	Eagle Bancorp Montana	Pair Corr
0.56	ECBK	ECB Bancorp	Pair Corr
0.39	KEY-PI	KeyCorp	Pair Corr
0.89	FCAP	First Capital	Pair Corr
0.78	OCFCP	OceanFirst Financial Corp	Pair Corr
0.59	WSBCP	WesBanco	Pair Corr
0.48	BANC-PF	Banc of California	Pair Corr
0.47	BANFP	BFC Capital Trust	Pair Corr
0.45	KEY-PL	KeyCorp	Pair Corr

Related Correlations Analysis

	LBC	HBCP	GSBC	FNWD	CFB	CULL	HMNF	HFBL	HVBC	LSBK
LBC		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	LBC
HBCP	0.0		0.54	-0.61	-0.76	0.0	0.0	0.15	0.0	0.22	HBCP
GSBC	0.0	0.54		-0.54	-0.14	0.0	0.0	-0.25	0.0	-0.41	GSBC
FNWD	0.0	-0.61	-0.54		0.57	0.0	0.0	-0.19	0.0	0.05	FNWD
CFB	0.0	-0.76	-0.14	0.57		0.0	0.0	-0.41	0.0	-0.6	CFB
CULL	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	CULL
HMNF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	HMNF
HFBL	0.0	0.15	-0.25	-0.19	-0.41	0.0	0.0		0.0	0.5	HFBL
HVBC	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	HVBC
LSBK	0.0	0.22	-0.41	0.05	-0.6	0.0	0.0	0.5	0.0		LSBK
	LBC	HBCP	GSBC	FNWD	CFB	CULL	HMNF	HFBL	HVBC	LSBK

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

CFB	+ 0.57	FNWD
GSBC	+ 0.54	HBCP
LSBK	+ 0.5	HFBL
LSBK	+ 0.22	HBCP
HFBL	+ 0.15	HBCP
LSBK	+ 0.05	FNWD

High negative correlations

CFB	- 0.76	HBCP
FNWD	- 0.61	HBCP
LSBK	- 0.6	CFB
FNWD	- 0.54	GSBC
HFBL	- 0.41	CFB
LSBK	- 0.41	GSBC

Risk-Adjusted Indicators

There is a big difference between MetroCity Stock performing well and MetroCity Bankshares 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 MetroCity Bankshares' 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
LBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HBCP	1.36	0.04	0.00	(0.02)	0.00	0.00	3.09	(3.06)	8.36
GSBC	1.21	(0.11)	0.00	0.34	0.00	0.00	2.41	(2.55)	7.73
FNWD	0.90	0.00	0.00	(0.06)	0.00	0.00	1.47	(1.57)	8.51
CFB	1.41	(0.14)	0.00	0.80	0.00	0.00	2.78	(2.78)	8.40
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HFBL	1.60	0.10	0.05	0.68	2.08	(2.22)	5.67	(4.53)	13.32
HVBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LSBK	1.66	0.27	0.14	0.75	1.67	(2.22)	3.62	(3.16)	21.68

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC