Meridian Bank Correlations

MRBK Stock

USD 15.31 0.02 0.13%

The current 90-days correlation between Meridian Bank and Community West Bancshares is 0.59 (i.e., Very weak 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

Modest diversification

The correlation between Meridian Bank and DJI is 0.23 (i.e., Modest 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.

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

0.7	AX	Axos Financial	Pair Corr
0.7	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.76	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.72	RF	Regions Financial	Pair Corr
0.64	VBTX	Veritex Holdings Earnings Call This Week	Pair Corr
0.75	EFSC	Enterprise Financial Earnings Call This Week	Pair Corr
0.66	EGBN	Eagle Bancorp Earnings Call This Week	Pair Corr
0.65	WABC	Westamerica Bancorporation	Pair Corr
0.72	BANC-PF	Banc of California Earnings Call This Week	Pair Corr
0.67	EQBK	Equity Bancshares, Earnings Call This Week	Pair Corr
0.68	ESSA	ESSA Bancorp Earnings Call This Week	Pair Corr
0.69	EVBN	Evans Bancorp	Pair Corr
0.76	EWBC	East West Bancorp Earnings Call This Week	Pair Corr
0.71	WNEB	Western New England Earnings Call This Week	Pair Corr

Moving against Meridian Stock

0.31	NU	Nu Holdings Aggressive Push	Pair Corr
0.61	SBNYL	Signature Bank	Pair Corr
0.58	FRCIL	First Republic Bank	Pair Corr
0.52	FRCHL	First Republic Bank	Pair Corr
0.51	FRCCL	First Republic Bank	Pair Corr
0.51	FRCKL	First Republic Bank	Pair Corr
0.51	FRCML	First Republic Bank	Pair Corr
0.47	FRCLL	First Republic Bank	Pair Corr
0.34	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	CWBC	ISTR	FNWD	FFNW	FNWB	HFBL	HMNF	OFED	CULL	FCAP
CWBC		0.92	0.4	0.33	0.61	-0.36	-0.17	-0.31	0.05	-0.45	CWBC
ISTR	0.92		0.48	0.36	0.4	-0.39	-0.3	-0.16	0.17	-0.29	ISTR
FNWD	0.4	0.48		0.87	0.19	-0.65	-0.59	0.6	0.5	0.4	FNWD
FFNW	0.33	0.36	0.87		0.4	-0.67	-0.55	0.68	0.51	0.48	FFNW
FNWB	0.61	0.4	0.19	0.4		-0.24	-0.19	-0.09	-0.01	-0.18	FNWB
HFBL	-0.36	-0.39	-0.65	-0.67	-0.24		0.46	-0.39	-0.37	-0.34	HFBL
HMNF	-0.17	-0.3	-0.59	-0.55	-0.19	0.46		-0.34	-0.5	-0.32	HMNF
OFED	-0.31	-0.16	0.6	0.68	-0.09	-0.39	-0.34		0.36	0.85	OFED
CULL	0.05	0.17	0.5	0.51	-0.01	-0.37	-0.5	0.36		0.33	CULL
FCAP	-0.45	-0.29	0.4	0.48	-0.18	-0.34	-0.32	0.85	0.33		FCAP
	CWBC	ISTR	FNWD	FFNW	FNWB	HFBL	HMNF	OFED	CULL	FCAP

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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

ISTR	+ 0.92	CWBC
FFNW	+ 0.87	FNWD
FCAP	+ 0.85	OFED
OFED	+ 0.68	FFNW
FNWB	+ 0.61	CWBC
OFED	+ 0.6	FNWD

High negative correlations

HFBL	- 0.67	FFNW
HFBL	- 0.65	FNWD
HMNF	- 0.59	FNWD
HMNF	- 0.55	FFNW
CULL	- 0.5	HMNF
FCAP	- 0.45	CWBC

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
CWBC	1.10	0.03	0.02	0.08	1.33	(1.19)	2.53	(2.11)	11.26
ISTR	1.62	0.04	0.01	0.10	1.89	(1.90)	3.16	(3.28)	17.96
FNWD	0.98	(0.22)	0.00	(0.97)	0.00	0.00	2.12	(2.53)	8.47
FFNW	0.75	(0.13)	0.00	(0.49)	0.00	0.00	1.36	(1.69)	4.32
FNWB	1.50	0.09	0.05	0.15	1.58	(1.76)	3.17	(2.80)	14.21
HFBL	1.45	0.12	0.04	(0.83)	1.80	(2.21)	4.70	(4.31)	12.06
HMNF	1.88	0.39	0.16	1.45	1.85	(2.37)	4.29	(3.19)	13.15
OFED	2.13	(0.24)	0.00	2.01	0.00	0.00	3.48	(5.28)	12.66
CULL	0.51	0.00	0.00	0.00	0.00	0.00	1.18	(1.64)	4.73
FCAP	1.49	(0.19)	0.00	0.91	0.00	0.00	2.94	(3.38)	10.68

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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