Bayfirst Financial Correlations

BAFN Stock

USD 18.65 0.05 0.27%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bayfirst Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bayfirst Financial Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Bayfirst Financial Correlation With Market

Weak diversification

The correlation between Bayfirst Financial Corp 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 Bayfirst 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 Bayfirst 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 census.

Moving together with Bayfirst Stock

0.88	DB	Deutsche Bank AG	Pair Corr
0.78	WF	Woori Financial Group	Pair Corr
0.66	VBFC	Village Bank	Pair Corr
0.89	TECTP	Tectonic Financial	Pair Corr
0.75	TFC-PO	Truist Financial	Pair Corr
0.64	TFC-PR	Truist Financial	Pair Corr
0.81	EBMT	Eagle Bancorp Montana	Pair Corr
0.65	CFG-PH	Citizens Financial Group,	Pair Corr
0.74	KEY-PI	KeyCorp	Pair Corr
0.74	KEY-PJ	KeyCorp	Pair Corr
0.69	KEY-PK	KeyCorp	Pair Corr
0.8	KEY-PL	KeyCorp	Pair Corr
0.88	BANC-PF	Banc of California	Pair Corr
0.84	WSBCP	WesBanco	Pair Corr

Moving against Bayfirst Stock

0.68	AX	Axos Financial	Pair Corr
0.65	VBNK	VersaBank	Pair Corr
0.6	KB	KB Financial Group	Pair Corr
0.53	VBTX	Veritex Holdings	Pair Corr
0.52	RF	Regions Financial Normal Trading	Pair Corr
0.36	VABK	Virginia National	Pair Corr
0.34	BY	Byline Bancorp	Pair Corr
0.31	PB	Prosperity Bancshares	Pair Corr
0.83	EFSI	Eagle Financial Services	Pair Corr
0.79	WAFD	Washington Federal	Pair Corr
0.72	WAFDP	Washington Federal	Pair Corr
0.68	EGBN	Eagle Bancorp	Pair Corr
0.49	EVBN	Evans Bancorp	Pair Corr
0.35	TFINP	Triumph Financial	Pair Corr
0.35	WMPN	William Penn Bancorp	Pair Corr
0.34	WABC	Westamerica Bancorporation	Pair Corr
0.31	EQBK	Equity Bancshares,	Pair Corr

Related Correlations Analysis

	CULL	HFBL	HMNF	LNKB	HVBC	AFBI	BCML	CWBC	FFNW
CULL		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CULL
HFBL	0.0		0.0	-0.2	0.0	-0.34	0.05	-0.23	-0.21	HFBL
HMNF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HMNF
LNKB	0.0	-0.2	0.0		0.0	0.34	0.57	0.73	0.04	LNKB
HVBC	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	HVBC
AFBI	0.0	-0.34	0.0	0.34	0.0		0.03	0.43	0.07	AFBI
BCML	0.0	0.05	0.0	0.57	0.0	0.03		0.8	0.14	BCML
CWBC	0.0	-0.23	0.0	0.73	0.0	0.43	0.8		0.17	CWBC
FFNW	0.0	-0.21	0.0	0.04	0.0	0.07	0.14	0.17		FFNW
	CULL	HFBL	HMNF	LNKB	HVBC	AFBI	BCML	CWBC	FFNW

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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

CWBC	+ 0.8	BCML
CWBC	+ 0.73	LNKB
BCML	+ 0.57	LNKB
CWBC	+ 0.43	AFBI
AFBI	+ 0.34	LNKB
FFNW	+ 0.17	CWBC

High negative correlations

AFBI	- 0.34	HFBL
CWBC	- 0.23	HFBL
FFNW	- 0.21	HFBL
LNKB	- 0.2	HFBL
FFNW	- 0.0	HVBC
CWBC	- 0.0	HVBC

Risk-Adjusted Indicators

There is a big difference between Bayfirst Stock performing well and Bayfirst 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 Bayfirst 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
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HFBL	1.61	0.14	0.06	1.05	2.06	(2.10)	5.67	(4.53)	13.32
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LNKB	1.48	(0.09)	0.00	(0.13)	0.00	0.00	3.37	(2.96)	8.31
HVBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AFBI	1.17	(0.14)	0.00	(0.55)	0.00	0.00	2.53	(2.02)	22.46
BCML	1.55	(0.12)	0.00	(0.13)	0.00	0.00	2.67	(3.87)	10.35
CWBC	1.03	(0.16)	0.00	(0.22)	0.00	0.00	2.45	(2.17)	6.01
FFNW	0.98	0.05	0.08	(11.71)	1.01	(1.14)	1.17	(1.77)	16.29

Bayfirst Financial Corporate Management

Thomas Quale	Market VP	Profile
Nickolas Smith	Executive Officer	Profile
Nick Smith	Executive Officer	Profile
Rhonda CPA	Principal Officer	Profile
Anthony JD	CEO Director	Profile

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