Primary Bank Correlations

PRMY Stock

USD 27.06 0.06 0.22%

The current 90-days correlation between Primary Bank and Summit Bank Group is -0.18 (i.e., Good diversification). 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

Significant diversification

The correlation between Primary Bank and DJI is 0.08 (i.e., Significant 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

0.72	CIHHF	China Merchants Bank	Pair Corr
0.89	MFG	Mizuho Financial	Pair Corr
0.86	USB	US Bancorp	Pair Corr
0.8	MUFG	Mitsubishi UFJ Financial Normal Trading	Pair Corr
0.7	WF	Woori Financial Group	Pair Corr
0.62	TLK	Telkom Indonesia Tbk	Pair Corr
0.65	F	Ford Motor Aggressive Push	Pair Corr
0.79	ACN	Accenture plc	Pair Corr
0.89	ATI	Allegheny Technologies	Pair Corr
0.78	WSFS	WSFS Financial	Pair Corr
0.75	XOM	Exxon Mobil Corp	Pair Corr
0.82	BAC	Bank of America Earnings Call This Week	Pair Corr
0.68	TRV	The Travelers Companies	Pair Corr
0.85	AA	Alcoa Corp	Pair Corr
0.79	DD	Dupont De Nemours	Pair Corr
0.86	MRK	Merck Company	Pair Corr
0.77	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr

Moving against Primary Pink Sheet

0.74	VFSWW	VinFast Auto	Pair Corr
0.61	USB-PH	US Bancorp	Pair Corr
0.55	IBN	ICICI Bank Limited Normal Trading	Pair Corr
0.8	PG	Procter Gamble	Pair Corr
0.74	HD	Home Depot	Pair Corr
0.61	T	ATT Inc	Pair Corr

Related Correlations Analysis

	SBKO	PBNK	ARBV	PFLC	PBNC	BKUTK	QNBC	CPKF	KISB	PONT
SBKO		-0.52	0.88	0.94	0.87	0.81	0.16	0.88	0.54	-0.69	SBKO
PBNK	-0.52		-0.62	-0.49	-0.54	-0.52	0.19	-0.66	-0.69	0.26	PBNK
ARBV	0.88	-0.62		0.92	0.79	0.83	0.04	0.97	0.64	-0.78	ARBV
PFLC	0.94	-0.49	0.92		0.87	0.82	0.17	0.89	0.49	-0.78	PFLC
PBNC	0.87	-0.54	0.79	0.87		0.7	0.14	0.8	0.57	-0.54	PBNC
BKUTK	0.81	-0.52	0.83	0.82	0.7		-0.01	0.83	0.58	-0.7	BKUTK
QNBC	0.16	0.19	0.04	0.17	0.14	-0.01		-0.05	-0.41	-0.25	QNBC
CPKF	0.88	-0.66	0.97	0.89	0.8	0.83	-0.05		0.7	-0.7	CPKF
KISB	0.54	-0.69	0.64	0.49	0.57	0.58	-0.41	0.7		-0.19	KISB
PONT	-0.69	0.26	-0.78	-0.78	-0.54	-0.7	-0.25	-0.7	-0.19		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

CPKF	+ 0.97	ARBV
PFLC	+ 0.94	SBKO
PFLC	+ 0.92	ARBV
CPKF	+ 0.89	PFLC
ARBV	+ 0.88	SBKO
CPKF	+ 0.88	SBKO

High negative correlations

PONT	- 0.78	PFLC
PONT	- 0.78	ARBV
PONT	- 0.7	CPKF
PONT	- 0.7	BKUTK
KISB	- 0.69	PBNK
PONT	- 0.69	SBKO

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	0.47	0.25	0.36	(0.91)	0.00	(0.82)	1.33	(0.37)	2.67
PBNK	0.35	(0.10)	0.00	(1.84)	0.00	0.00	0.74	(1.04)	2.74
ARBV	0.39	0.10	0.06	0.75	0.17	(0.73)	1.70	(0.68)	5.70
PFLC	0.59	0.13	0.06	0.86	0.61	(0.82)	1.24	(1.53)	3.79
PBNC	0.40	0.09	0.01	3.77	0.33	(1.43)	1.44	(0.75)	4.12
BKUTK	1.31	0.06	0.00	0.29	1.58	(1.75)	2.51	(2.99)	8.53
QNBC	0.50	0.00	(0.07)	0.06	0.71	(0.73)	1.10	(1.43)	3.26
CPKF	0.77	0.37	0.20	2.25	0.27	(1.16)	2.73	(0.84)	6.68
KISB	0.42	0.09	0.01	3.31	0.38	(1.10)	1.23	(1.05)	7.62
PONT	0.03	(0.01)	0.00	(3.38)	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
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