Plumas Bancorp Correlations

PLBC Stock

USD 46.93 0.44 0.95%

The current 90-days correlation between Plumas Bancorp and HMN Financial is -0.1 (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

Very weak diversification

The correlation between Plumas Bancorp and DJI is 0.47 (i.e., Very weak 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

0.85	AX	Axos Financial	Pair Corr
0.86	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.9	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.88	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.77	VABK	Virginia National	Pair Corr
0.82	VBNK	VersaBank Normal Trading	Pair Corr
0.87	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.71	TECTP	Tectonic Financial	Pair Corr
0.67	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.88	EBTC	Enterprise Bancorp	Pair Corr
0.91	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.81	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.89	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.86	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.79	BANC-PF	Banc of California	Pair Corr
0.91	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.79	ESSA	ESSA Bancorp	Pair Corr
0.78	EVBN	Evans Bancorp	Pair Corr
0.81	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.68	WSBCP	WesBanco	Pair Corr
0.72	WMPN	William Penn Bancorp	Pair Corr

Moving against Plumas Stock

0.5	WF	Woori Financial Group	Pair Corr
0.31	TFC-PO	Truist Financial	Pair Corr
0.38	FRCIL	First Republic Bank	Pair Corr
0.35	FRCCL	First Republic Bank	Pair Corr
0.35	FRCHL	First Republic Bank	Pair Corr
0.34	FRCKL	First Republic Bank	Pair Corr

Related Correlations Analysis

	OFED	CULL	HMNF	HFBL	FNWB	HVBC	LSBK	CWBC	MGYR	OVLY
OFED		0.36	-0.34	-0.15	0.49	-0.25	-0.77	0.35	-0.37	-0.54	OFED
CULL	0.36		-0.5	0.11	-0.06	-0.54	-0.45	-0.17	-0.69	-0.45	CULL
HMNF	-0.34	-0.5		-0.1	0.05	0.4	0.3	0.17	0.51	0.5	HMNF
HFBL	-0.15	0.11	-0.1		0.02	0.03	0.18	-0.04	0.09	0.09	HFBL
FNWB	0.49	-0.06	0.05	0.02		-0.21	-0.37	0.5	0.14	-0.12	FNWB
HVBC	-0.25	-0.54	0.4	0.03	-0.21		0.42	0.25	0.69	0.51	HVBC
LSBK	-0.77	-0.45	0.3	0.18	-0.37	0.42		-0.25	0.45	0.54	LSBK
CWBC	0.35	-0.17	0.17	-0.04	0.5	0.25	-0.25		0.48	0.46	CWBC
MGYR	-0.37	-0.69	0.51	0.09	0.14	0.69	0.45	0.48		0.7	MGYR
OVLY	-0.54	-0.45	0.5	0.09	-0.12	0.51	0.54	0.46	0.7		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	+ 0.7	MGYR
MGYR	+ 0.69	HVBC
OVLY	+ 0.54	LSBK
MGYR	+ 0.51	HMNF
OVLY	+ 0.51	HVBC
OVLY	+ 0.5	HMNF

High negative correlations

LSBK	- 0.77	OFED
MGYR	- 0.69	CULL
HVBC	- 0.54	CULL
OVLY	- 0.54	OFED
HMNF	- 0.5	CULL
OVLY	- 0.45	CULL

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	(0.22)	0.00	1.09	0.00	0.00	3.48	(5.28)	12.66
CULL	0.51	(0.12)	0.00	(5.70)	0.00	0.00	1.18	(1.64)	4.73
HMNF	1.88	0.38	0.13	2.31	1.85	(2.37)	4.29	(3.19)	13.15
HFBL	1.75	0.01	(0.01)	0.11	2.40	(3.13)	3.82	(4.31)	21.70
FNWB	1.55	0.05	0.00	0.17	1.69	(1.77)	4.11	(2.82)	14.21
HVBC	1.51	0.31	0.08	1.20	2.03	(1.59)	2.68	(4.11)	18.63
LSBK	1.15	0.09	0.02	0.33	1.25	(1.59)	3.69	(2.95)	8.55
CWBC	1.03	0.03	0.04	0.12	1.08	(1.11)	2.53	(2.16)	9.14
MGYR	0.62	0.10	0.02	0.68	0.55	(0.74)	1.63	(1.22)	3.88
OVLY	1.76	0.13	0.13	0.17	1.49	(2.31)	5.14	(2.77)	11.90

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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