Meridian Bank Correlations

MRBK Stock

USD 20.26 0.18 0.90%

The current 90-days correlation between Meridian Bank and Ohio Valley Banc is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Meridian Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Meridian Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Meridian Bank Correlation With Market

Very poor diversification

The correlation between Meridian Bank and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meridian Bank and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Meridian Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Meridian 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 bureau of labor statistics.

For more information on how to buy Meridian Stock please use our How to buy in Meridian Stock guide.

Moving together with Meridian Stock

0.89	BIRG	Bank of Ireland	Pair Corr
0.93	AX	Axos Financial	Pair Corr
0.76	FFIN	First Financial Bank	Pair Corr
0.89	ASB	Associated Banc Corp	Pair Corr
0.93	CPF	Central Pacific Financial	Pair Corr
0.79	FSFG	First Savings Financial	Pair Corr
0.96	HWC	Hancock Whitney Corp	Pair Corr
0.96	FVCB	FVCBankcorp	Pair Corr
0.81	WBCPM	Westpac Banking	Pair Corr
0.92	MCB	Metropolitan Bank Holding	Pair Corr
0.97	MTB	MT Bank	Pair Corr
0.97	WBS	Webster Financial	Pair Corr
0.92	HFWA	Heritage Financial	Pair Corr
0.79	IBOC	International Bancshares	Pair Corr
0.97	ISTR	Investar Holding Corp	Pair Corr
0.87	LCNB	LCNB	Pair Corr
0.92	OVLY	Oak Valley Bancorp	Pair Corr
0.81	MBLPD	Macquarie Bank	Pair Corr
0.92	VBNK	VersaBank	Pair Corr
0.81	BFL	BSP Financial Group	Pair Corr
0.86	SFBS	ServisFirst Bancshares	Pair Corr
0.92	AROW	Arrow Financial	Pair Corr
0.91	TCBI	Texas Capital Bancshares	Pair Corr
0.83	BPRN	Bank Of Princeton	Pair Corr
0.79	TFSL	TFS Financial	Pair Corr
0.8	BWFG	Bankwell Financial	Pair Corr
0.8	CADE	Cadence Bancorp	Pair Corr
0.78	CFFI	CF Financial	Pair Corr

Moving against Meridian Stock

0.77	3YB	Postal Savings Bank	Pair Corr
0.46	BBC	BNK Banking	Pair Corr
0.34	NVNIW	Nvni Group Limited	Pair Corr

Related Correlations Analysis

	OVBC	LARK	BVFL	CFBK	PEBK	MNSB	CZWI	FCAP	INBK	UBFO
OVBC		0.71	0.91	0.72	0.89	0.9	0.93	0.65	0.81	0.8	OVBC
LARK	0.71		0.74	0.3	0.53	0.71	0.62	0.69	0.47	0.47	LARK
BVFL	0.91	0.74		0.74	0.86	0.93	0.91	0.68	0.81	0.84	BVFL
CFBK	0.72	0.3	0.74		0.74	0.79	0.79	0.24	0.69	0.94	CFBK
PEBK	0.89	0.53	0.86	0.74		0.9	0.95	0.7	0.87	0.79	PEBK
MNSB	0.9	0.71	0.93	0.79	0.9		0.93	0.71	0.77	0.89	MNSB
CZWI	0.93	0.62	0.91	0.79	0.95	0.93		0.64	0.87	0.86	CZWI
FCAP	0.65	0.69	0.68	0.24	0.7	0.71	0.64		0.6	0.42	FCAP
INBK	0.81	0.47	0.81	0.69	0.87	0.77	0.87	0.6		0.76	INBK
UBFO	0.8	0.47	0.84	0.94	0.79	0.89	0.86	0.42	0.76		UBFO
	OVBC	LARK	BVFL	CFBK	PEBK	MNSB	CZWI	FCAP	INBK	UBFO

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Risk-Adjusted Indicators

There is a big difference between Meridian Stock performing well and Meridian 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 Meridian 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
OVBC	0.95	0.29	0.29	1.68	0.39	(1.32)	3.03	(1.13)	9.11
LARK	1.46	0.19	0.08	0.49	1.58	(1.63)	3.72	(3.16)	9.70
BVFL	1.15	0.22	0.11	0.63	1.34	(1.26)	2.87	(2.59)	9.13
CFBK	1.32	0.47	0.32	0.96	0.73	(1.58)	4.96	(1.80)	9.61
PEBK	1.18	0.37	0.29	0.72	0.67	(1.42)	3.24	(1.51)	5.96
MNSB	1.21	0.29	0.17	0.56	1.09	(1.31)	3.37	(2.47)	8.19
CZWI	0.99	0.17	0.11	0.35	0.90	(1.15)	2.17	(1.74)	7.54
FCAP	2.98	0.37	0.08	(2.41)	3.40	(3.54)	7.27	(5.24)	20.20
INBK	2.27	0.20	0.08	0.28	2.17	(2.76)	5.41	(4.39)	15.47
UBFO	1.04	0.17	0.15	0.29	0.81	(1.37)	3.25	(1.45)	5.92

Meridian Bank Corporate Management

Mary Messmer	Executive Banking	Profile
Denise Lindsay	CFO VP	Profile
James Nelsen	Credit Officer	Profile
Edward Carpoletti	Senior Management	Profile
Thomas Campbell	Senior Lending	Profile
Rocco Perate	Executive Lending	Profile
David Fitzell	VP Lending	Profile

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