National Bank Correlations

National Bank Correlation With Market

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Bank Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

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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    FISI + 0.65 CWBC FISI + 0.64 FCCO HMNF + 0.54 FCCO FNWB + 0.53 CWBC OFED + 0.46 FNWB CWBC + 0.41 FCCO

High negative correlations    OFED - 0.66 FCCO FCAP - 0.61 CWBC FCAP - 0.59 FNWB OFED - 0.55 FCAP CULL - 0.5 HMNF CULL - 0.38 FCCO

Risk-Adjusted Indicators

There is a big difference between National Stock performing well and National 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 National 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.