Patriot National Correlations

PNBK Stock

USD 2.25 0.45 25.00%

The current 90-days correlation between Patriot National Bancorp and Citizens Bancorp Investment is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Patriot National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Patriot National Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Patriot National Correlation With Market

Modest diversification

The correlation between Patriot National Bancorp and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Patriot National 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 Patriot National 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.

Related Correlations Analysis

	CBTN	FKYS	GVFF	BKOR	MSWV	FBIZ	OFED	OPOF	CULL	PKBK
CBTN		-0.32	0.0	-0.2	-0.41	-0.34	0.24	-0.13	-0.23	-0.3	CBTN
FKYS	-0.32		0.06	0.84	0.65	0.89	-0.56	0.82	-0.4	0.86	FKYS
GVFF	0.0	0.06		0.46	0.57	0.05	-0.54	0.28	-0.18	0.21	GVFF
BKOR	-0.2	0.84	0.46		0.8	0.8	-0.7	0.82	-0.5	0.88	BKOR
MSWV	-0.41	0.65	0.57	0.8		0.63	-0.84	0.77	-0.3	0.72	MSWV
FBIZ	-0.34	0.89	0.05	0.8	0.63		-0.48	0.72	-0.37	0.94	FBIZ
OFED	0.24	-0.56	-0.54	-0.7	-0.84	-0.48		-0.82	0.36	-0.63	OFED
OPOF	-0.13	0.82	0.28	0.82	0.77	0.72	-0.82		-0.52	0.78	OPOF
CULL	-0.23	-0.4	-0.18	-0.5	-0.3	-0.37	0.36	-0.52		-0.48	CULL
PKBK	-0.3	0.86	0.21	0.88	0.72	0.94	-0.63	0.78	-0.48		PKBK
	CBTN	FKYS	GVFF	BKOR	MSWV	FBIZ	OFED	OPOF	CULL	PKBK

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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

PKBK	+ 0.94	FBIZ
FBIZ	+ 0.89	FKYS
PKBK	+ 0.88	BKOR
PKBK	+ 0.86	FKYS
BKOR	+ 0.84	FKYS
OPOF	+ 0.82	FKYS

High negative correlations

OFED	- 0.84	MSWV
OPOF	- 0.82	OFED
OFED	- 0.7	BKOR
PKBK	- 0.63	OFED
OFED	- 0.56	FKYS
OFED	- 0.54	GVFF

Risk-Adjusted Indicators

There is a big difference between Patriot Stock performing well and Patriot National 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 Patriot National'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
CBTN	0.75	0.01	(0.02)	0.25	1.51	(2.80)	2.15	(2.10)	14.50
FKYS	2.01	0.32	0.16	0.32	1.71	(2.91)	5.51	(3.85)	21.01
GVFF	0.51	0.05	0.00	0.32	0.00	0.00	2.94	(2.22)	9.03
BKOR	0.61	0.18	0.08	0.83	0.51	(0.82)	2.05	(0.68)	4.90
MSWV	0.66	0.13	0.01	1.34	0.94	(0.84)	2.38	(2.08)	10.25
FBIZ	1.69	(0.08)	0.04	0.09	1.82	(1.96)	3.90	(3.58)	16.67
OFED	2.13	(0.26)	0.00	(1.97)	0.00	0.00	3.48	(5.28)	12.66
OPOF	1.16	0.25	0.11	0.90	1.01	(1.38)	3.20	(1.66)	6.43
CULL	0.51	(0.10)	0.00	0.74	0.00	0.00	1.18	(1.64)	4.73
PKBK	1.05	0.07	0.07	0.19	1.05	(1.11)	2.28	(1.88)	9.72

Patriot National Corporate Management

Frederick Staudmyer	Chief Admin. Officer and Executive VP	Profile
Alfred Botta	National Bank	Profile
Al Botta	Ex Officer	Profile
Steven Grunblatt	Ex Officer	Profile
Thomas Slater	Ex Officer	Profile
Robert Russell	CEO Pres	Profile

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