Mifflinburg Bancorp Correlations
| MIFF Stock | USD 23.87 0.28 1.16% |
The current 90-days correlation between Mifflinburg Bancorp and Mauch Chunk Trust is 0.16 (i.e., Average diversification). The correlation of Mifflinburg 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.
Mifflinburg Bancorp Correlation With Market
Good diversification
The correlation between Mifflinburg Bancorp and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mifflinburg Bancorp and DJI in the same portfolio, assuming nothing else is changed.
Mifflinburg |
The ability to find closely correlated positions to Mifflinburg 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 Mifflinburg 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 Mifflinburg 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 Mifflinburg Bancorp to buy it.
Moving against Mifflinburg Pink Sheet
| 0.55 | HNHPF | Hon Hai Precision | PairCorr |
| 0.49 | IBN | ICICI Bank Limited | PairCorr |
| 0.46 | HDB | HDFC Bank Limited | PairCorr |
| 0.44 | BTCM | BIT Mining | PairCorr |
| 0.41 | BBDC4 | Banco Bradesco SA | PairCorr |
| 0.7 | AA | Alcoa Corp | PairCorr |
| 0.69 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.66 | HPQ | HP Inc | PairCorr |
| 0.62 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.61 | PG | Procter Gamble | PairCorr |
| 0.61 | XOM | Exxon Mobil Corp Earnings Call Tomorrow | PairCorr |
| 0.43 | DNOW | Now Inc | PairCorr |
| 0.4 | JNJ | Johnson Johnson | PairCorr |
Related Correlations Analysis
| -0.19 | -0.54 | -0.45 | 0.48 | MCHT | ||
| -0.19 | -0.14 | 0.49 | -0.69 | JUVF | ||
| -0.54 | -0.14 | 0.45 | -0.03 | MYBF | ||
| -0.45 | 0.49 | 0.45 | -0.65 | MBKL | ||
| 0.48 | -0.69 | -0.03 | -0.65 | MNBP | ||
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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 Mifflinburg Pink Sheet performing well and Mifflinburg 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 Mifflinburg 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MCHT | 1.23 | (0.17) | 0.00 | (0.50) | 0.00 | 2.31 | 18.13 | |||
| JUVF | 1.38 | 0.08 | (0.01) | (0.13) | 1.80 | 4.00 | 10.22 | |||
| MYBF | 1.27 | 0.12 | (0.01) | (0.04) | 1.85 | 3.00 | 18.40 | |||
| MBKL | 0.74 | 0.08 | 0.00 | 0.78 | 0.96 | 2.52 | 10.03 | |||
| MNBP | 1.55 | (0.30) | 0.00 | 0.37 | 0.00 | 3.24 | 17.28 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Mifflinburg 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.Did you try this?
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Mifflinburg Bancorp Corporate Management
| John Showers | S Director | Profile | |
| Graver CPA | Treasurer | Profile | |
| Jeffrey Kapsar | Pres Chairman | Profile | |
| Patti Zimmerman | Trust Officer | Profile |