Alerus Financial Correlations

ALRS Stock

USD 19.99 0.17 0.86%

The current 90-days correlation between Alerus Financial Corp and Blackrock Muniyield is 0.09 (i.e., Significant diversification). The correlation of Alerus Financial 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.

Alerus Financial Correlation With Market

Very weak diversification

The correlation between Alerus Financial Corp and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alerus Financial Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alerus Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Alerus Stock

0.67

Walker Dunlop

Pair Corr

Moving against Alerus Stock

0.37	V	Visa Class A	Pair Corr
0.36	DIST	Distoken Acquisition	Pair Corr
0.36	LX	Lexinfintech Holdings	Pair Corr
0.33	LC	LendingClub Corp	Pair Corr
0.32	QD	Qudian Inc	Pair Corr
0.41	EMCG	Embrace Change Acqui	Pair Corr

Related Correlations Analysis

	FMN	MYD	DHIL	NXG	FHI	ARES	TPG	PAX	APO	CION
FMN		0.67	-0.36	-0.54	-0.87	-0.75	-0.79	-0.73	-0.79	0.34	FMN
MYD	0.67		0.29	0.11	-0.36	-0.35	-0.24	-0.25	-0.34	0.05	MYD
DHIL	-0.36	0.29		0.69	0.61	0.41	0.49	0.6	0.53	-0.43	DHIL
NXG	-0.54	0.11	0.69		0.76	0.67	0.76	0.64	0.78	-0.33	NXG
FHI	-0.87	-0.36	0.61	0.76		0.88	0.86	0.9	0.94	-0.25	FHI
ARES	-0.75	-0.35	0.41	0.67	0.88		0.89	0.85	0.92	0.13	ARES
TPG	-0.79	-0.24	0.49	0.76	0.86	0.89		0.77	0.83	-0.09	TPG
PAX	-0.73	-0.25	0.6	0.64	0.9	0.85	0.77		0.85	-0.09	PAX
APO	-0.79	-0.34	0.53	0.78	0.94	0.92	0.83	0.85		-0.12	APO
CION	0.34	0.05	-0.43	-0.33	-0.25	0.13	-0.09	-0.09	-0.12		CION
	FMN	MYD	DHIL	NXG	FHI	ARES	TPG	PAX	APO	CION

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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

APO	+ 0.94	FHI
APO	+ 0.92	ARES
PAX	+ 0.9	FHI
TPG	+ 0.89	ARES
ARES	+ 0.88	FHI
TPG	+ 0.86	FHI

High negative correlations

FHI	- 0.87	FMN
APO	- 0.79	FMN
TPG	- 0.79	FMN
ARES	- 0.75	FMN
PAX	- 0.73	FMN
NXG	- 0.54	FMN

Risk-Adjusted Indicators

There is a big difference between Alerus Stock performing well and Alerus Financial 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 Alerus Financial'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
FMN	0.51	(0.19)	0.00	(3.06)	0.00	0.00	0.98	(1.49)	2.67
MYD	0.56	(0.15)	0.00	(0.95)	0.00	0.00	1.09	(1.38)	3.30
DHIL	1.19	(0.14)	0.00	(0.07)	0.00	0.00	2.20	(2.64)	10.43
NXG	1.34	0.12	0.05	0.15	2.22	(1.22)	3.56	(4.64)	10.65
FHI	0.95	0.17	0.16	0.19	0.90	(1.12)	2.04	(1.59)	6.35
ARES	1.27	0.16	0.09	0.15	1.66	(1.26)	3.12	(2.45)	10.01
TPG	1.62	0.12	0.07	0.08	1.93	(1.79)	3.75	(2.57)	16.27
PAX	1.46	0.00	0.00	0.02	2.11	(1.41)	2.84	(2.73)	13.50
APO	1.46	0.49	0.30	0.28	1.31	(1.74)	4.26	(2.35)	14.68
CION	0.74	(0.03)	0.00	(0.01)	0.00	0.00	1.46	(1.55)	5.96

Alerus Financial Corporate Management

Deborah Otto	Market Duluth	Profile
Jim Collins	Executive Officer	Profile
Jerrod CPA	Chief VP	Profile
Bonnie CPA	Chief Officer	Profile
Karin Taylor	Executive Officer	Profile

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