Mainstreet Bank Correlations

MNSB Stock

USD 18.42 0.02 0.11%

The current 90-days correlation between Mainstreet Bank and Oak Valley Bancorp is 0.41 (i.e., Very weak diversification). The correlation of Mainstreet Bank 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.

Mainstreet Bank Correlation With Market

Very weak diversification

The correlation between Mainstreet Bank and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstreet Bank 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 Mainstreet Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For information on how to trade Mainstreet Stock refer to our How to Trade Mainstreet Stock guide.

Moving together with Mainstreet Stock

0.62

KEY-PK

KeyCorp

Pair Corr

Moving against Mainstreet Stock

0.67	FRCIL	First Republic Bank	Pair Corr
0.59	FRCHL	First Republic Bank	Pair Corr
0.58	FRCCL	First Republic Bank	Pair Corr
0.58	FRCKL	First Republic Bank	Pair Corr
0.32	WCFB	WCF Bancorp	Pair Corr

Related Correlations Analysis

	OVLY	OFED	CULL	HMNF	HFBL	LNKB	HVBC	FNWB	PTRS	CIZN
OVLY		-0.56	-0.44	0.51	0.09	0.92	0.47	0.03	0.13	-0.57	OVLY
OFED	-0.56		0.36	-0.34	-0.15	-0.62	-0.25	0.41	0.15	0.72	OFED
CULL	-0.44	0.36		-0.5	0.12	-0.38	-0.54	-0.15	0.09	0.39	CULL
HMNF	0.51	-0.34	-0.5		-0.15	0.49	0.4	0.18	-0.07	-0.62	HMNF
HFBL	0.09	-0.15	0.12	-0.15		0.05	0.01	0.02	0.14	-0.08	HFBL
LNKB	0.92	-0.62	-0.38	0.49	0.05		0.4	-0.13	0.07	-0.66	LNKB
HVBC	0.47	-0.25	-0.54	0.4	0.01	0.4		-0.01	-0.26	-0.33	HVBC
FNWB	0.03	0.41	-0.15	0.18	0.02	-0.13	-0.01		0.53	0.12	FNWB
PTRS	0.13	0.15	0.09	-0.07	0.14	0.07	-0.26	0.53		0.07	PTRS
CIZN	-0.57	0.72	0.39	-0.62	-0.08	-0.66	-0.33	0.12	0.07		CIZN
	OVLY	OFED	CULL	HMNF	HFBL	LNKB	HVBC	FNWB	PTRS	CIZN

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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

LNKB	+ 0.92	OVLY
CIZN	+ 0.72	OFED
PTRS	+ 0.53	FNWB
HMNF	+ 0.51	OVLY
LNKB	+ 0.49	HMNF
HVBC	+ 0.47	OVLY

High negative correlations

CIZN	- 0.66	LNKB
CIZN	- 0.62	HMNF
LNKB	- 0.62	OFED
CIZN	- 0.57	OVLY
OFED	- 0.56	OVLY
HVBC	- 0.54	CULL

Risk-Adjusted Indicators

There is a big difference between Mainstreet Stock performing well and Mainstreet Bank 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 Mainstreet Bank'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
OVLY	1.71	0.09	0.10	0.17	1.51	(2.16)	4.78	(2.77)	11.90
OFED	2.13	(0.34)	0.00	(0.29)	0.00	0.00	3.48	(5.28)	12.66
CULL	0.51	(0.12)	0.00	(29.49)	0.00	0.00	1.18	(1.64)	4.73
HMNF	1.88	0.38	0.12	3.66	1.85	(2.37)	4.29	(3.19)	13.15
HFBL	1.56	(0.16)	0.00	(0.27)	0.00	0.00	3.75	(4.31)	17.43
LNKB	1.73	0.11	0.09	0.19	1.55	(2.32)	4.29	(2.70)	10.82
HVBC	1.51	0.32	0.08	2.57	2.03	(1.59)	2.68	(4.11)	18.63
FNWB	1.61	0.08	0.03	0.24	1.69	(1.84)	4.11	(2.82)	14.21
PTRS	2.10	(0.16)	0.00	(0.12)	0.00	0.00	4.94	(4.32)	21.25
CIZN	0.88	(0.03)	0.00	0.19	0.00	0.00	3.00	(2.14)	6.16

Mainstreet Bank Corporate Management

Michael Baboval	Chief Officer	Profile
Mike Rudolph	Executive Lender	Profile
Richard Vari	Senior Officer	Profile
Trish Smith	Executive Officer	Profile

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