Ames National Correlations

ATLO Stock

USD 17.95 0.02 0.11%

The current 90-days correlation between Ames National and First Community is 0.32 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ames National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ames National moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Ames National Correlation With Market

Very weak diversification

The correlation between Ames National and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ames National 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 Ames National. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

To learn how to invest in Ames Stock, please use our How to Invest in Ames National guide.

Moving together with Ames Stock

0.73	WF	Woori Financial Group	Pair Corr
0.82	TECTP	Tectonic Financial	Pair Corr
0.86	TFC-PO	Truist Financial	Pair Corr
0.78	TFC-PR	Truist Financial	Pair Corr
0.75	CFG-PH	Citizens Financial Group,	Pair Corr
0.76	KEY-PI	KeyCorp	Pair Corr
0.65	KEY-PJ	KeyCorp	Pair Corr
0.77	KEY-PL	KeyCorp	Pair Corr
0.92	BANC-PF	Banc of California	Pair Corr
0.66	ESSA	ESSA Bancorp	Pair Corr
0.88	WSBCP	WesBanco	Pair Corr

Moving against Ames Stock

0.5	EFSI	Eagle Financial Services	Pair Corr
0.48	EGBN	Eagle Bancorp	Pair Corr
0.46	AX	Axos Financial	Pair Corr
0.4	VBNK	VersaBank	Pair Corr
0.39	VABK	Virginia National	Pair Corr
0.37	VBTX	Veritex Holdings	Pair Corr
0.32	KB	KB Financial Group	Pair Corr
0.7	WAFD	Washington Federal	Pair Corr
0.67	WAFDP	Washington Federal	Pair Corr
0.66	FBLA	FB Bancorp, Common	Pair Corr
0.42	FBNC	First Bancorp	Pair Corr
0.38	WABC	Westamerica Bancorporation	Pair Corr

Related Correlations Analysis

	FCCO	OPOF	OVLY	CHMG	HBCP	AFBI	BCAL	AUBN	BCML	CWBC
FCCO		-0.29	0.4	0.6	0.92	-0.06	0.47	-0.16	0.91	0.55	FCCO
OPOF	-0.29		-0.38	0.06	-0.29	-0.1	-0.36	-0.62	-0.4	-0.48	OPOF
OVLY	0.4	-0.38		0.53	0.3	0.55	0.84	0.59	0.53	0.77	OVLY
CHMG	0.6	0.06	0.53		0.66	0.46	0.77	-0.11	0.73	0.72	CHMG
HBCP	0.92	-0.29	0.3	0.66		-0.02	0.49	-0.21	0.93	0.58	HBCP
AFBI	-0.06	-0.1	0.55	0.46	-0.02		0.65	0.49	0.16	0.59	AFBI
BCAL	0.47	-0.36	0.84	0.77	0.49	0.65		0.46	0.67	0.89	BCAL
AUBN	-0.16	-0.62	0.59	-0.11	-0.21	0.49	0.46		0.02	0.46	AUBN
BCML	0.91	-0.4	0.53	0.73	0.93	0.16	0.67	0.02		0.78	BCML
CWBC	0.55	-0.48	0.77	0.72	0.58	0.59	0.89	0.46	0.78		CWBC
	FCCO	OPOF	OVLY	CHMG	HBCP	AFBI	BCAL	AUBN	BCML	CWBC

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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

BCML	+ 0.93	HBCP
HBCP	+ 0.92	FCCO
BCML	+ 0.91	FCCO
CWBC	+ 0.89	BCAL
BCAL	+ 0.84	OVLY
CWBC	+ 0.78	BCML

High negative correlations

AUBN	- 0.62	OPOF
CWBC	- 0.48	OPOF
BCML	- 0.4	OPOF
OVLY	- 0.38	OPOF
BCAL	- 0.36	OPOF
HBCP	- 0.29	OPOF

Risk-Adjusted Indicators

There is a big difference between Ames Stock performing well and Ames National 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 Ames National'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
FCCO	1.32	(0.09)	0.00	(0.18)	0.00	0.00	3.41	(3.73)	10.26
OPOF	1.14	0.38	0.27	2.43	1.20	(1.31)	3.51	(1.51)	10.73
OVLY	1.52	(0.29)	0.00	(0.53)	0.00	0.00	2.38	(3.77)	11.49
CHMG	1.20	(0.13)	0.00	(0.39)	0.00	0.00	1.69	(2.46)	19.32
HBCP	1.34	(0.01)	0.00	(0.10)	0.00	0.00	2.82	(3.06)	8.36
AFBI	1.14	0.00	0.00	0.00	0.00	0.00	2.53	(2.02)	22.46
BCAL	1.12	(0.20)	0.00	(0.41)	0.00	0.00	2.01	(2.95)	9.36
AUBN	1.52	(0.21)	0.00	0.36	0.00	0.00	2.75	(2.95)	9.06
BCML	1.49	(0.07)	0.00	(0.16)	0.00	0.00	2.58	(3.87)	10.35
CWBC	0.96	(0.20)	0.00	(0.35)	0.00	0.00	2.28	(2.17)	6.01

Ames National Corporate Management

Justin Clausen	Chief Officer	Profile
Michael Wilson	Executive Officer	Profile
Lori Hill	Valuation Officer	Profile
Buffy Clatt	VP Director	Profile
Jennifer Hanson	VP Director	Profile

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