Northpointe Bancshares Correlations

NPB Stock

16.67 0.11 0.66%

The current 90-days correlation between Northpointe Bancshares and Burning Rock Biotech is 0.09 (i.e., Significant diversification). The correlation of Northpointe Bancshares 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.

Northpointe Bancshares Correlation With Market

Significant diversification

The correlation between Northpointe Bancshares and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northpointe Bancshares and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Northpointe Stock

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

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

Moving together with Northpointe Stock

0.76	FFBC	First Financial Bancorp	Pair Corr
0.68	PFS	Provident Financial	Pair Corr
0.71	WAL	Western Alliance Ban	Pair Corr
0.73	GSBC	Great Southern Bancorp	Pair Corr
0.68	HBAN	Huntington Bancshares	Pair Corr
0.63	HOMB	Home BancShares	Pair Corr
0.61	IBCP	Independent Bank	Pair Corr
0.7	INBK	First Internet Bancorp	Pair Corr
0.63	MCBS	MetroCity Bankshares	Pair Corr
0.68	PNFP	Pinnacle Financial	Pair Corr
0.7	RMBI	Richmond Mutual Banc	Pair Corr
0.67	AFBI	Affinity Bancshares	Pair Corr
0.66	SPFI	South Plains Financial	Pair Corr
0.68	BOKF	BOK Financial	Pair Corr

Moving against Northpointe Stock

0.48	601658	Postal Savings Bank	Pair Corr
0.55	601665	Qilu Bank	Pair Corr
0.51	CMWCF	Cromwell Property	Pair Corr

Related Correlations Analysis

	ALXO	BNR	CCCC	CGEM	ERAS	LEGN	ZLAB
ALXO		-0.65	0.0	-0.54	-0.52	0.53	0.81	ALXO
BNR	-0.65		-0.1	0.75	0.87	-0.84	-0.86	BNR
CCCC	0.0	-0.1		0.2	-0.2	0.28	-0.04	CCCC
CGEM	-0.54	0.75	0.2		0.8	-0.72	-0.8	CGEM
ERAS	-0.52	0.87	-0.2	0.8		-0.95	-0.82	ERAS
LEGN	0.53	-0.84	0.28	-0.72	-0.95		0.82	LEGN
ZLAB	0.81	-0.86	-0.04	-0.8	-0.82	0.82		ZLAB
	ALXO	BNR	CCCC	CGEM	ERAS	LEGN	ZLAB

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

ERAS	+ 0.87	BNR
ZLAB	+ 0.82	LEGN
ZLAB	+ 0.81	ALXO
ERAS	+ 0.8	CGEM
CGEM	+ 0.75	BNR
LEGN	+ 0.53	ALXO

High negative correlations

LEGN	- 0.95	ERAS
ZLAB	- 0.86	BNR
LEGN	- 0.84	BNR
ZLAB	- 0.82	ERAS
ZLAB	- 0.8	CGEM
LEGN	- 0.72	CGEM

Risk-Adjusted Indicators

There is a big difference between Northpointe Stock performing well and Northpointe Bancshares 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 Northpointe Bancshares' 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
ALXO	5.33	(0.63)	0.00	(0.28)	0.00	0.00	13.04	(9.82)	29.60
BNR	6.68	1.67	0.29	0.52	5.41	(7.75)	18.91	(9.67)	43.78
CCCC	3.80	(0.05)	0.00	0.13	0.00	0.00	8.16	(7.32)	24.93
CGEM	4.86	0.92	0.19	1.03	4.25	(5.94)	11.50	(9.23)	45.76
ERAS	3.44	0.71	0.21	0.76	3.06	(4.01)	11.24	(4.72)	20.96
LEGN	1.78	(0.78)	0.00	(0.61)	0.00	0.00	3.51	(4.83)	12.55
ZLAB	1.93	(1.03)	0.00	(0.82)	0.00	0.00	3.27	(5.86)	9.96

Northpointe Bancshares Corporate Executives

Elected by the shareholders, the Northpointe Bancshares' board of directors comprises two types of representatives: Northpointe Bancshares inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Northpointe. The board's role is to monitor Northpointe Bancshares' management team and ensure that shareholders' interests are well served. Northpointe Bancshares' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Northpointe Bancshares' outside directors are responsible for providing unbiased perspectives on the board's policies.

Bradley Howes

Executive CFO

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