Riverview Bancorp Correlations

RVSB Stock

USD 5.58 0.03 0.53%

The current 90-days correlation between Riverview Bancorp and Community West Bancshares is 0.31 (i.e., Weak diversification). The correlation of Riverview 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.

Riverview Bancorp Correlation With Market

Weak diversification

The correlation between Riverview Bancorp and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Riverview 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 Riverview 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 state.

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

Moving together with Riverview Stock

0.78	AX	Axos Financial	Pair Corr
0.76	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.82	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.85	RF	Regions Financial Sell-off Trend	Pair Corr
0.8	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.8	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.67	TECTP	Tectonic Financial	Pair Corr
0.72	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.76	EBTC	Enterprise Bancorp	Pair Corr
0.8	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.76	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.74	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.66	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.62	BANC-PF	Banc of California	Pair Corr
0.81	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.71	ESSA	ESSA Bancorp	Pair Corr
0.73	EVBN	Evans Bancorp	Pair Corr
0.68	WSBCP	WesBanco	Pair Corr

Moving against Riverview Stock

0.55	TFC-PO	Truist Financial	Pair Corr
0.55	CFG-PE	Citizens Financial	Pair Corr
0.52	TFC-PR	Truist Financial	Pair Corr
0.42	FRCIL	First Republic Bank	Pair Corr
0.31	FRCCL	First Republic Bank	Pair Corr
0.31	FRCHL	First Republic Bank	Pair Corr

Related Correlations Analysis

	CWBC	HMNF	FNWB	OFED	CULL	ISTR	FNWD	FFNW	HFBL	FCAP
CWBC		0.44	0.62	0.09	-0.31	0.46	-0.33	-0.09	-0.04	-0.64	CWBC
HMNF	0.44		0.26	-0.34	-0.5	0.62	0.21	0.1	-0.16	-0.17	HMNF
FNWB	0.62	0.26		0.31	-0.1	0.02	-0.53	0.3	0.02	-0.65	FNWB
OFED	0.09	-0.34	0.31		0.36	-0.79	-0.66	0.1	-0.27	-0.4	OFED
CULL	-0.31	-0.5	-0.1	0.36		-0.47	-0.32	-0.14	0.09	0.04	CULL
ISTR	0.46	0.62	0.02	-0.79	-0.47		0.49	-0.22	0.14	0.07	ISTR
FNWD	-0.33	0.21	-0.53	-0.66	-0.32	0.49		-0.14	0.13	0.8	FNWD
FFNW	-0.09	0.1	0.3	0.1	-0.14	-0.22	-0.14		-0.04	-0.09	FFNW
HFBL	-0.04	-0.16	0.02	-0.27	0.09	0.14	0.13	-0.04		0.14	HFBL
FCAP	-0.64	-0.17	-0.65	-0.4	0.04	0.07	0.8	-0.09	0.14		FCAP
	CWBC	HMNF	FNWB	OFED	CULL	ISTR	FNWD	FFNW	HFBL	FCAP

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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

FCAP	+ 0.8	FNWD
FNWB	+ 0.62	CWBC
ISTR	+ 0.62	HMNF
FNWD	+ 0.49	ISTR
ISTR	+ 0.46	CWBC
HMNF	+ 0.44	CWBC

High negative correlations

ISTR	- 0.79	OFED
FNWD	- 0.66	OFED
FCAP	- 0.65	FNWB
FCAP	- 0.64	CWBC
FNWD	- 0.53	FNWB
CULL	- 0.5	HMNF

Risk-Adjusted Indicators

There is a big difference between Riverview Stock performing well and Riverview 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 Riverview 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
CWBC	1.03	0.00	0.02	0.11	1.12	(1.11)	2.53	(2.16)	9.14
HMNF	1.88	0.36	0.12	1.37	1.85	(2.37)	4.29	(3.19)	13.15
FNWB	1.65	0.02	(0.01)	0.14	1.74	(1.92)	4.11	(2.82)	14.21
OFED	2.13	(0.20)	0.00	0.69	0.00	0.00	3.48	(5.28)	12.66
CULL	0.51	(0.12)	0.00	39.32	0.00	0.00	1.18	(1.64)	4.73
ISTR	1.46	0.22	0.19	0.24	1.11	(1.66)	3.41	(2.50)	17.09
FNWD	0.96	0.17	0.07	0.74	0.74	(1.21)	2.48	(1.80)	12.55
FFNW	0.61	(0.02)	(0.12)	0.05	0.76	(0.65)	1.65	(1.13)	4.32
HFBL	1.56	(0.16)	0.00	(0.27)	0.00	0.00	3.75	(4.31)	17.43
FCAP	1.79	(0.02)	(0.05)	0.01	2.07	(2.37)	6.22	(4.11)	14.42

Riverview Bancorp Corporate Executives

Elected by the shareholders, the Riverview Bancorp's board of directors comprises two types of representatives: Riverview Bancorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Riverview. The board's role is to monitor Riverview Bancorp's management team and ensure that shareholders' interests are well served. Riverview Bancorp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Riverview Bancorp's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Kevin Lycklama	CFO, Principal Accounting Officer, Executive VP, Chief Financial officer of Riverview Community Bank and Executive VP of Riverview Community Bank	Profile
	David CPA	Executive CFO	Profile

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