Andover Bancorp Correlations

ANDC Stock

USD 20.00 0.00 0.00%

The current 90-days correlation between Andover Bancorp and Territorial Bancorp is -0.16 (i.e., Good diversification). The correlation of Andover 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.

Andover Bancorp Correlation With Market

Good diversification

The correlation between Andover Bancorp and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Andover Bancorp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Andover Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Andover Bancorp 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 Andover Bancorp - 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 Andover Bancorp to buy it.

Moving together with Andover Pink Sheet

0.66

TRCA

Twin Ridge Capital

Pair Corr

Moving against Andover Pink Sheet

0.56	CVI	CVR Energy	Pair Corr
0.5	BBAS3	Banco do Brasil	Pair Corr
0.67	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.65	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.53	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.41	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.37	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	FHB	CPF	TBNK	CMA	BOH-PA	LYG	ZION	KEY	ITUB	FITB
FHB		0.85	0.55	0.93	-0.79	-0.82	0.97	0.96	-0.78	0.94	FHB
CPF	0.85		0.74	0.89	-0.55	-0.53	0.88	0.92	-0.71	0.94	CPF
TBNK	0.55	0.74		0.74	-0.18	-0.24	0.66	0.71	-0.59	0.75	TBNK
CMA	0.93	0.89	0.74		-0.68	-0.71	0.96	0.96	-0.83	0.97	CMA
BOH-PA	-0.79	-0.55	-0.18	-0.68		0.7	-0.79	-0.7	0.71	-0.68	BOH-PA
LYG	-0.82	-0.53	-0.24	-0.71	0.7		-0.77	-0.73	0.7	-0.66	LYG
ZION	0.97	0.88	0.66	0.96	-0.79	-0.77		0.98	-0.84	0.97	ZION
KEY	0.96	0.92	0.71	0.96	-0.7	-0.73	0.98		-0.79	0.98	KEY
ITUB	-0.78	-0.71	-0.59	-0.83	0.71	0.7	-0.84	-0.79		-0.82	ITUB
FITB	0.94	0.94	0.75	0.97	-0.68	-0.66	0.97	0.98	-0.82		FITB
	FHB	CPF	TBNK	CMA	BOH-PA	LYG	ZION	KEY	ITUB	FITB

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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

KEY	+ 0.98	ZION
FITB	+ 0.98	KEY
ZION	+ 0.97	FHB
FITB	+ 0.97	CMA
FITB	+ 0.97	ZION
KEY	+ 0.96	FHB

High negative correlations

ITUB	- 0.84	ZION
ITUB	- 0.83	CMA
FITB	- 0.82	ITUB
LYG	- 0.82	FHB
ITUB	- 0.79	KEY
ZION	- 0.79	BOH-PA

Risk-Adjusted Indicators

There is a big difference between Andover Pink Sheet performing well and Andover 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 Andover 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
FHB	1.33	(0.01)	0.05	0.10	1.44	(1.56)	2.72	(2.66)	16.01
CPF	1.77	0.01	0.06	0.11	2.06	(2.12)	3.31	(3.42)	17.89
TBNK	1.82	(0.04)	0.03	0.08	2.04	(2.11)	4.63	(2.88)	15.39
CMA	1.46	0.15	0.15	0.18	1.38	(1.64)	3.23	(2.64)	14.10
BOH-PA	0.89	(0.12)	0.00	(0.44)	0.00	0.00	1.33	(1.98)	4.53
LYG	1.41	(0.26)	0.00	(0.26)	0.00	0.00	2.54	(3.10)	12.01
ZION	1.65	0.04	0.11	0.12	1.50	(1.95)	3.51	(2.89)	20.65
KEY	1.42	(0.07)	0.05	0.07	1.41	(1.65)	2.97	(2.51)	19.86
ITUB	1.21	(0.31)	0.00	(1.12)	0.00	0.00	2.28	(2.96)	10.08
FITB	1.07	(0.01)	0.05	0.10	1.02	(1.17)	2.23	(2.01)	10.60

Be your own money manager

Our tools can tell you how much better you can do entering a position in Andover Bancorp 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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Andover Bancorp Corporate Management

Nancy Cook	VP HR	Profile
Daniel Weber	Sr Lending	Profile
Sean Dockery	Sr Officer	Profile
Stephen Varckette	CEO Pres	Profile
Edward Debevec	Treasurer VP	Profile
Kimberly Giddings	VP Operations	Profile
Craig Cumberworth	VP Banking	Profile

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