Primary Bank Correlations

PRMY Stock

USD 27.50 0.03 0.11%

The correlation of Primary Bank 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Primary Bank Correlation With Market

Very poor diversification

The correlation between Primary Bank and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Primary Bank and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Primary Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Primary Bank when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Primary Bank - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Primary Bank to buy it.

Moving together with Primary Pink Sheet

0.78	CIHHF	China Merchants Bank	Pair Corr
0.93	MFG	Mizuho Financial Earnings Call Today	Pair Corr
0.74	ITUB	Itau Unibanco Banco Earnings Call This Week	Pair Corr
0.95	PNC	PNC Financial Services	Pair Corr
0.85	SPGX	Sustainable Projects	Pair Corr
0.83	BA	Boeing Sell-off Trend	Pair Corr
0.89	MRK	Merck Company Earnings Call Tomorrow	Pair Corr
0.62	PFE	Pfizer Inc Earnings Call Tomorrow	Pair Corr
0.87	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.93	AA	Alcoa Corp	Pair Corr
0.66	INTC	Intel Aggressive Push	Pair Corr

Moving against Primary Pink Sheet

0.85	HPQ	HP Inc	Pair Corr
0.81	HDB	HDFC Bank Limited	Pair Corr
0.75	MSFT	Microsoft	Pair Corr
0.6	T	ATT Inc Earnings Call This Week	Pair Corr
0.49	MMM	3M Company	Pair Corr
0.48	CIHKY	China Merchants Bank	Pair Corr
0.47	IBN	ICICI Bank Limited	Pair Corr
0.32	IBM	International Business Tech Boost	Pair Corr

Related Correlations Analysis

	SBKO	PBNK	ARBV	PFLC	PBNC	BKUTK	QNBC	CPKF	KISB	PONT
SBKO		-0.46	0.7	0.94	0.91	0.73	0.64	0.85	0.6	-0.71	SBKO
PBNK	-0.46		-0.42	-0.5	-0.5	-0.39	-0.42	-0.47	-0.31	0.02	PBNK
ARBV	0.7	-0.42		0.83	0.61	0.83	0.24	0.92	0.29	-0.45	ARBV
PFLC	0.94	-0.5	0.83		0.87	0.79	0.53	0.93	0.58	-0.63	PFLC
PBNC	0.91	-0.5	0.61	0.87		0.69	0.78	0.76	0.69	-0.63	PBNC
BKUTK	0.73	-0.39	0.83	0.79	0.69		0.34	0.86	0.35	-0.59	BKUTK
QNBC	0.64	-0.42	0.24	0.53	0.78	0.34		0.44	0.69	-0.38	QNBC
CPKF	0.85	-0.47	0.92	0.93	0.76	0.86	0.44		0.52	-0.52	CPKF
KISB	0.6	-0.31	0.29	0.58	0.69	0.35	0.69	0.52		-0.31	KISB
PONT	-0.71	0.02	-0.45	-0.63	-0.63	-0.59	-0.38	-0.52	-0.31		PONT
	SBKO	PBNK	ARBV	PFLC	PBNC	BKUTK	QNBC	CPKF	KISB	PONT

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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

PFLC	+ 0.94	SBKO
CPKF	+ 0.93	PFLC
CPKF	+ 0.92	ARBV
PBNC	+ 0.91	SBKO
PBNC	+ 0.87	PFLC
CPKF	+ 0.86	BKUTK

High negative correlations

PONT	- 0.71	SBKO
PONT	- 0.63	PBNC
PONT	- 0.63	PFLC
PONT	- 0.59	BKUTK
PONT	- 0.52	CPKF
PBNC	- 0.5	PBNK

Risk-Adjusted Indicators

There is a big difference between Primary Pink Sheet performing well and Primary Bank 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 Primary Bank'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
SBKO	0.59	0.23	0.18	(1.84)	0.22	(1.02)	1.92	(0.68)	6.91
PBNK	0.33	(0.10)	0.00	(1.50)	0.00	0.00	0.74	(1.04)	2.63
ARBV	0.56	0.10	0.04	(2.89)	0.76	(1.02)	2.13	(1.73)	8.30
PFLC	0.50	0.19	0.18	1.11	0.14	(0.78)	1.27	(0.85)	3.84
PBNC	0.45	0.17	0.00	2.08	0.00	0.00	1.53	(0.19)	3.56
BKUTK	1.13	0.11	0.03	(1.49)	1.34	(1.73)	2.51	(2.83)	8.53
QNBC	0.54	0.11	0.08	(1.22)	0.44	(0.92)	1.43	(1.30)	3.14
CPKF	0.67	0.34	0.21	3.97	0.00	(1.09)	2.45	(0.66)	6.68
KISB	0.62	0.11	0.07	0.39	0.60	(1.15)	1.01	(1.59)	5.28
PONT	0.03	(0.01)	0.00	0.53	0.00	0.00	0.00	0.00	1.44

Be your own money manager

Our tools can tell you how much better you can do entering a position in Primary Bank without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Primary Bank Corporate Management

CPA CPA	Ex CFO	Profile
William Greiner	Founder Chairman	Profile
William Stone	CEO Pres	Profile
Scott VanVooren	VPOperations Mang	Profile
David Heald	VP Controller	Profile
Jane MacDonald	BSA VP	Profile
Renate Wallem	Ex COO	Profile

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