MT Bank Correlations

Stocks . USA . 
Stock . MT Bank
MTB Stock  USD 216.98  8.37  3.71%   
The current 90-days correlation between MT Bank and Fifth Third Bancorp is 0.86 (i.e., Very poor 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 population.
For information on how to trade MTB Stock refer to our How to Trade MTB Stock guide.

Moving together with MTB Stock

  0.93BNPH BNP PARIBAS ADRPairCorr
  0.82AON0 AOZORA BANK LTDPairCorr
  0.94AX Axos FinancialPairCorr
  0.95BY Byline BancorpPairCorr
  0.69KBN Komplett Bank ASAPairCorr
  0.71PB Prosperity BancsharesPairCorr
  0.97RF Regions Financial Downward RallyPairCorr
  0.93HH1 Hancock WhitneyPairCorr
  0.83BCVN Banque Cantonale VaudoisePairCorr
  0.92LLBN LiechtensteinischePairCorr
  0.9VBNK VersaBank Earnings Call This WeekPairCorr
  0.92SANB SANTANDER UK 8PairCorr
  0.88BEN Bendigo and AdelaidePairCorr
  0.85B4M1 SpareBank 1 SRPairCorr
  0.95UIO ATLANTIC UNION BANKSDLPairCorr
  0.78WBCPK Westpac BankingPairCorr
  0.89FRYA Swedbank ABPairCorr
  0.94VNB Valley National BancorpPairCorr
  0.7BRE Banco Bradesco SAPairCorr
  0.97EBMT Eagle Bancorp MontanaPairCorr
  0.8ECBK ECB BancorpPairCorr
  0.92BNP BNP Paribas SAPairCorr
  0.86EFSC Enterprise FinancialPairCorr
  0.92EGBN Eagle BancorpPairCorr
  0.92HSBK Halyk BankPairCorr
  0.83BCGE Banque CantonalePairCorr
  0.89WABC Westamerica BancorporationPairCorr
  0.93WASH Washington Trust BancorpPairCorr

Moving against MTB Stock

  0.613YB Postal Savings BankPairCorr

Related Correlations Analysis


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

RF
+ 0.97
FITB
RF
+ 0.97
TFC
TFC
+ 0.94
FITB
BBDO
+ 0.86
KB
HBAN
+ 0.84
TFC
RF
+ 0.82
HBAN
  

High negative correlations

NWG
- 0.04
KB

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.

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