Northeast Bancorp Correlations

NBN Stock

USD 101.40 3.67 3.76%

The current 90-days correlation between Northeast Bancorp and Fifth Third Bancorp is 0.71 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Northeast Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northeast Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Northeast Bancorp Correlation With Market

Poor diversification

The correlation between Northeast Bancorp and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northeast Bancorp 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 Northeast Bancorp. 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.

To learn how to invest in Northeast Stock, please use our How to Invest in Northeast Bancorp guide.

Moving together with Northeast Stock

0.79	AX	Axos Financial	Pair Corr
0.77	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.84	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.91	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.63	VABK	Virginia National	Pair Corr
0.95	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.96	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.87	TECTP	Tectonic Financial	Pair Corr
0.88	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.92	EBTC	Enterprise Bancorp	Pair Corr
0.86	ECBK	ECB Bancorp	Pair Corr
0.77	CFG-PH	Citizens Financial Group,	Pair Corr
0.86	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.96	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.75	KEY-PJ	KeyCorp	Pair Corr
0.79	KEY-PK	KeyCorp	Pair Corr
0.77	KEY-PL	KeyCorp	Pair Corr
0.78	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.93	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.9	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.83	ESSA	ESSA Bancorp	Pair Corr
0.85	EVBN	Evans Bancorp	Pair Corr
0.96	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.87	WSBCP	WesBanco	Pair Corr
0.94	WMPN	William Penn Bancorp	Pair Corr

Moving against Northeast Stock

0.53	WF	Woori Financial Group	Pair Corr
0.53	TFC-PO	Truist Financial	Pair Corr
0.45	TFC-PR	Truist Financial	Pair Corr
0.4	CFG-PE	Citizens Financial	Pair Corr
0.54	FRCIL	First Republic Bank	Pair Corr
0.44	FRCHL	First Republic Bank	Pair Corr
0.43	FRCCL	First Republic Bank	Pair Corr
0.43	FRCKL	First Republic Bank	Pair Corr
0.37	WBBW	Westbury Bancorp	Pair Corr

Related Correlations Analysis

	FITB	ZION	HBAN	PNC	CMA	CFG	MTB	WAL
FITB		0.94	0.97	0.97	0.96	0.89	0.96	0.89	FITB
ZION	0.94		0.98	0.96	0.92	0.96	0.94	0.75	ZION
HBAN	0.97	0.98		0.99	0.94	0.94	0.96	0.81	HBAN
PNC	0.97	0.96	0.99		0.95	0.93	0.95	0.83	PNC
CMA	0.96	0.92	0.94	0.95		0.83	0.97	0.85	CMA
CFG	0.89	0.96	0.94	0.93	0.83		0.85	0.75	CFG
MTB	0.96	0.94	0.96	0.95	0.97	0.85		0.79	MTB
WAL	0.89	0.75	0.81	0.83	0.85	0.75	0.79		WAL
	FITB	ZION	HBAN	PNC	CMA	CFG	MTB	WAL

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Northeast Stock performing well and Northeast Bancorp 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 Northeast Bancorp'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
FITB	1.09	0.05	0.10	0.15	0.97	(1.21)	2.39	(2.01)	10.60
ZION	1.69	0.08	0.15	0.15	1.49	(1.97)	3.62	(2.89)	20.65
HBAN	1.26	0.13	0.22	0.18	0.85	(1.66)	2.87	(2.28)	14.20
PNC	1.15	0.11	0.16	0.19	0.87	(1.44)	2.54	(1.97)	9.52
CMA	1.50	0.18	0.17	0.21	1.36	(1.66)	3.53	(2.64)	14.10
CFG	1.42	(0.02)	0.08	0.11	1.43	(1.71)	3.18	(2.80)	19.14
MTB	1.39	0.23	0.27	0.24	0.83	(1.71)	3.41	(1.59)	16.03
WAL	1.95	0.01	0.08	0.12	2.13	(2.45)	4.19	(3.17)	19.53

Northeast Bancorp Corporate Management

Richard Cohen	Chief Officer	Profile
Theresa Morrison	Managing Estate	Profile
Tim Tower	Senior Manager	Profile
Christopher Hickey	Managing Management	Profile
Brian Fenwick	Managing Underwriting	Profile
Steve Tsoflias	Senior Lending	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC