NBT Bancorp Correlations

NBT Bancorp Correlation With Market

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NBT 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 estimate. For information on how to trade NBT Stock refer to our How to Trade NBT Stock guide.

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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    NFBK + 0.89 OVLY HBCP + 0.89 OVLY FISI + 0.89 NFBK HBCP + 0.85 NFBK FISI + 0.79 OVLY NFBK + 0.65 CWBC

High negative correlations    FNWD - 0.74 OFED HBCP - 0.7 OFED OFED - 0.56 OVLY CULL - 0.43 OVLY CWBC - 0.42 FNWD NFBK - 0.41 OFED

Risk-Adjusted Indicators

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