MT Bank Correlations

MTB Stock

USD 238.01 4.07 1.74%

The current 90-days correlation between MT Bank and Exchange Bankshares is -0.06 (i.e., Good diversification). The correlation of MT 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.

MT Bank Correlation With Market

Very poor diversification

The correlation between MT Bank and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MT Bank and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MTB Stock

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

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

Moving together with MTB Stock

0.91	BIRG	Bank of Ireland	Pair Corr
0.97	AX	Axos Financial	Pair Corr
0.76	FFIN	First Financial Bank Normal Trading	Pair Corr
0.92	ASB	Associated Banc Corp Normal Trading	Pair Corr
0.92	CPF	Central Pacific Financial	Pair Corr
0.82	FSFG	First Savings Financial Earnings Call This Week	Pair Corr
0.99	HWC	Hancock Whitney Corp	Pair Corr
0.62	FUNC	First United Earnings Call This Week	Pair Corr
0.97	FVCB	FVCBankcorp	Pair Corr
0.8	WBCPM	Westpac Banking	Pair Corr
0.95	MCB	Metropolitan Bank Holding	Pair Corr
0.96	WBS	Webster Financial	Pair Corr
0.9	HFWA	Heritage Financial Normal Trading	Pair Corr
0.77	IBOC	International Bancshares	Pair Corr
0.97	ISTR	Investar Holding Corp	Pair Corr
0.88	LCNB	LCNB	Pair Corr
0.93	OVLY	Oak Valley Bancorp	Pair Corr
0.83	MBLPD	Macquarie Bank	Pair Corr
0.93	VBNK	VersaBank	Pair Corr
0.87	BFL	BSP Financial Group	Pair Corr
0.89	SFBS	ServisFirst Bancshares	Pair Corr
0.94	AROW	Arrow Financial	Pair Corr
0.96	TCBI	Texas Capital Bancshares	Pair Corr
0.89	BPRN	Bank Of Princeton	Pair Corr
0.76	TFSL	TFS Financial	Pair Corr
0.8	BWFG	Bankwell Financial	Pair Corr
0.82	CADE	Cadence Bancorp	Pair Corr
0.73	CFFI	CF Financial	Pair Corr

Moving against MTB Stock

0.8	3YB	Postal Savings Bank	Pair Corr
0.44	BBC	BNK Banking	Pair Corr
0.41	BKLRF	Berkeley Energy	Pair Corr
0.35	NVNIW	Nvni Group Limited	Pair Corr

Related Correlations Analysis

	VTYB	MFBP	FMFP	ANDC	ALBY	WDFN	HCBN	EXCH	TMAK	OAKV
VTYB		0.5	0.71	0.35	-0.35	0.43	0.55	0.3	0.52	0.23	VTYB
MFBP	0.5		0.38	0.62	-0.34	0.51	0.67	0.44	0.55	0.43	MFBP
FMFP	0.71	0.38		0.36	-0.42	0.39	0.5	0.5	0.61	0.35	FMFP
ANDC	0.35	0.62	0.36		-0.13	0.27	0.45	0.18	0.43	0.13	ANDC
ALBY	-0.35	-0.34	-0.42	-0.13		-0.6	-0.69	-0.74	-0.42	-0.54	ALBY
WDFN	0.43	0.51	0.39	0.27	-0.6		0.85	0.59	0.39	0.57	WDFN
HCBN	0.55	0.67	0.5	0.45	-0.69	0.85		0.71	0.56	0.63	HCBN
EXCH	0.3	0.44	0.5	0.18	-0.74	0.59	0.71		0.62	0.8	EXCH
TMAK	0.52	0.55	0.61	0.43	-0.42	0.39	0.56	0.62		0.46	TMAK
OAKV	0.23	0.43	0.35	0.13	-0.54	0.57	0.63	0.8	0.46		OAKV
	VTYB	MFBP	FMFP	ANDC	ALBY	WDFN	HCBN	EXCH	TMAK	OAKV

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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

HCBN	+ 0.85	WDFN
OAKV	+ 0.8	EXCH
FMFP	+ 0.71	VTYB
EXCH	+ 0.71	HCBN
HCBN	+ 0.67	MFBP
OAKV	+ 0.63	HCBN

High negative correlations

EXCH	- 0.74	ALBY
HCBN	- 0.69	ALBY
WDFN	- 0.6	ALBY
OAKV	- 0.54	ALBY
TMAK	- 0.42	ALBY
ALBY	- 0.42	FMFP

Risk-Adjusted Indicators

There is a big difference between MTB Stock performing well and MT 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 MT 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
VTYB	0.55	0.25	0.21	(11.97)	0.00	(1.18)	2.61	(0.88)	5.26
MFBP	0.83	0.07	0.00	0.57	1.10	(1.80)	3.04	(2.34)	7.54
FMFP	0.88	0.20	0.00	(0.44)	0.00	0.00	5.13	(2.12)	12.41
ANDC	0.83	0.01	(0.02)	0.11	1.08	(2.53)	2.16	(2.63)	8.35
ALBY	0.27	(0.08)	0.00	(2.81)	0.00	0.00	0.85	(0.86)	4.47
WDFN	0.80	0.20	0.06	(10.25)	0.67	(1.95)	3.70	(1.85)	9.15
HCBN	0.23	0.07	0.00	1.17	0.00	0.00	1.05	0.00	3.26
EXCH	0.51	0.24	0.00	3.16	0.00	0.00	0.14	0.00	17.10
TMAK	2.54	0.20	0.02	1.19	3.13	(5.06)	6.99	(7.23)	16.08
OAKV	1.31	0.07	(0.02)	(0.08)	1.60	(1.71)	2.58	(2.52)	7.56

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