Plumas Bancorp Correlations

PLBC Stock

USD 45.60 1.65 3.49%

The current 90-days correlation between Plumas Bancorp and HMN Financial is -0.12 (i.e., Good diversification). The correlation of Plumas Bancorp 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.

Plumas Bancorp Correlation With Market

Modest diversification

The correlation between Plumas Bancorp and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Plumas Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Plumas 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.

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

Moving together with Plumas Stock

0.64	AX	Axos Financial	Pair Corr
0.73	BY	Byline Bancorp	Pair Corr
0.72	PB	Prosperity Bancshares	Pair Corr
0.61	EBTC	Enterprise Bancorp	Pair Corr
0.8	EFSC	Enterprise Financial Normal Trading	Pair Corr
0.67	BANC-PF	Banc of California	Pair Corr
0.66	ESSA	ESSA Bancorp	Pair Corr
0.88	EVBN	Evans Bancorp	Pair Corr
0.73	WNEB	Western New England	Pair Corr

Moving against Plumas Stock

0.43	NU	Nu Holdings Aggressive Push	Pair Corr
0.74	FRCCL	First Republic Bank	Pair Corr
0.74	FRCHL	First Republic Bank	Pair Corr
0.74	FRCIL	First Republic Bank	Pair Corr

Related Correlations Analysis

	OFED	CULL	HMNF	HFBL	FNWB	HVBC	LSBK	CWBC	MGYR	OVLY
OFED		0.36	-0.34	-0.56	0.01	-0.25	-0.18	0.29	-0.89	0.38	OFED
CULL	0.36		-0.5	-0.21	-0.19	-0.54	-0.52	-0.05	-0.41	0.17	CULL
HMNF	-0.34	-0.5		0.41	-0.12	0.4	0.39	-0.27	0.41	-0.42	HMNF
HFBL	-0.56	-0.21	0.41		-0.13	0.09	0.08	-0.5	0.44	-0.55	HFBL
FNWB	0.01	-0.19	-0.12	-0.13		0.6	0.21	0.72	0.25	0.43	FNWB
HVBC	-0.25	-0.54	0.4	0.09	0.6		0.43	0.36	0.4	-0.02	HVBC
LSBK	-0.18	-0.52	0.39	0.08	0.21	0.43		0.1	0.27	-0.12	LSBK
CWBC	0.29	-0.05	-0.27	-0.5	0.72	0.36	0.1		0.06	0.87	CWBC
MGYR	-0.89	-0.41	0.41	0.44	0.25	0.4	0.27	0.06		-0.08	MGYR
OVLY	0.38	0.17	-0.42	-0.55	0.43	-0.02	-0.12	0.87	-0.08		OVLY
	OFED	CULL	HMNF	HFBL	FNWB	HVBC	LSBK	CWBC	MGYR	OVLY

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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

OVLY	+ 0.87	CWBC
CWBC	+ 0.72	FNWB
HVBC	+ 0.6	FNWB
MGYR	+ 0.44	HFBL
OVLY	+ 0.43	FNWB
LSBK	+ 0.43	HVBC

High negative correlations

MGYR	- 0.89	OFED
HFBL	- 0.56	OFED
OVLY	- 0.55	HFBL
HVBC	- 0.54	CULL
LSBK	- 0.52	CULL
CWBC	- 0.5	HFBL

Risk-Adjusted Indicators

There is a big difference between Plumas Stock performing well and Plumas 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 Plumas 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
OFED	2.13	(0.29)	0.00	(0.36)	0.00	0.00	3.48	(5.28)	12.66
CULL	0.51	(0.14)	0.00	(0.47)	0.00	0.00	1.18	(1.64)	4.73
HMNF	1.88	0.42	0.14	(1.00)	1.85	(2.37)	4.29	(3.19)	13.15
HFBL	1.48	0.08	(0.01)	(0.16)	2.10	(2.09)	5.67	(4.53)	13.83
FNWB	1.28	0.07	0.02	0.23	1.43	(1.43)	2.98	(2.74)	8.98
HVBC	1.51	0.33	0.09	3.36	2.03	(1.59)	2.68	(4.11)	18.63
LSBK	1.55	0.32	0.09	4.89	1.52	(2.53)	3.66	(3.49)	10.32
CWBC	1.09	0.05	0.01	0.16	1.28	(1.18)	2.53	(1.95)	11.26
MGYR	1.19	0.23	0.11	22.96	1.11	(1.58)	2.98	(2.52)	10.51
OVLY	1.59	(0.06)	0.00	(0.02)	0.00	0.00	4.00	(3.81)	14.90

Plumas Bancorp Corporate Management

B North	Executive VP of Retail Banking Marketing and Wealth Management - Plumas Bank	Profile
Elizabeth Kuipers	Investor Relations Officer	Profile
Jamie Huynh	Administrative Relations	Profile
Michonne Ascuaga	Independent Secretary	Profile

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