Benchmark Bankshares Correlations
| BMBN Stock | USD 26.00 0.99 3.96% |
The current 90-days correlation between Benchmark Bankshares and Farmers Bancorp is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Benchmark Bankshares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Benchmark Bankshares moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Benchmark Bankshares Correlation With Market
Good diversification
The correlation between Benchmark Bankshares and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Benchmark Bankshares and DJI in the same portfolio, assuming nothing else is changed.
Benchmark |
The ability to find closely correlated positions to Benchmark Bankshares could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Benchmark Bankshares 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 Benchmark Bankshares - 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 Benchmark Bankshares to buy it.
Moving together with Benchmark Pink Sheet
| 0.9 | WMT | Walmart | PairCorr |
| 0.88 | AMZN | Amazon Inc | PairCorr |
| 0.8 | FRME | First Merchants Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.95 | YPF | YPF Sociedad Anonima | PairCorr |
| 0.64 | THCPU | Thunder Bridge Capital | PairCorr |
| 0.87 | GLPPRB | Global Partners LP | PairCorr |
| 0.92 | FNMFO | Federal National Mortgage | PairCorr |
| 0.65 | 784730AB9 | US784730AB94 | PairCorr |
| 0.8 | DMRC | Digimarc | PairCorr |
| 0.73 | HWC | Hancock Whitney Corp Fiscal Year End 21st of January 2025 | PairCorr |
| 0.73 | EVGR | Evergreen Corp | PairCorr |
| 0.79 | HAFC | Hanmi Financial Fiscal Year End 28th of January 2025 | PairCorr |
| 0.79 | ESGLW | ESGL Holdings Limited | PairCorr |
| 0.76 | BSGM | BioSig Technologies, | PairCorr |
| 0.92 | SAPMF | Saipem SpA | PairCorr |
| 0.9 | GIFI | Gulf Island Fabrication | PairCorr |
| 0.8 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.78 | BSIG | Brightsphere Investment | PairCorr |
| 0.88 | NBIX | Neurocrine Biosciences | PairCorr |
Moving against Benchmark Pink Sheet
| 0.88 | DPSTF | Deutsche Post AG | PairCorr |
| 0.85 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.84 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.82 | VLKAF | Volkswagen AG | PairCorr |
| 0.8 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.66 | MEDS | Trxade Group Symbol Change | PairCorr |
| 0.42 | HNHPF | Hon Hai Precision | PairCorr |
| 0.53 | 251566AA3 | DT 3625 21 | PairCorr |
| 0.47 | BYDDY | BYD Co | PairCorr |
Related Correlations Analysis
| 0.67 | 0.81 | -0.48 | 0.78 | CIWV | ||
| 0.67 | 0.92 | -0.35 | 0.69 | FABP | ||
| 0.81 | 0.92 | -0.45 | 0.82 | ALPIB | ||
| -0.48 | -0.35 | -0.45 | -0.47 | TYCB | ||
| 0.78 | 0.69 | 0.82 | -0.47 | THFF | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Benchmark Pink Sheet performing well and Benchmark Bankshares 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 Benchmark Bankshares' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CIWV | 1.15 | 0.29 | 0.05 | (35.29) | 1.31 | 4.22 | 18.86 | |||
| FABP | 0.75 | 0.22 | 0.17 | (6.41) | 0.42 | 2.71 | 6.83 | |||
| ALPIB | 0.50 | 0.23 | 0.25 | (25.47) | 0.00 | 1.81 | 4.36 | |||
| TYCB | 0.57 | 0.06 | 0.01 | 0.22 | 1.14 | 2.03 | 9.93 | |||
| THFF | 1.42 | 0.11 | 0.05 | 0.51 | 1.59 | 2.31 | 19.73 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Benchmark Bankshares 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.Did you try this?
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Benchmark Bankshares Corporate Management
| Jay Stafford | Chief Banking Officer, Executive VP and Chief Banking Officer of Benchmark Community Bank | Profile | |
| Helen Person | VP PR | Profile | |
| Jennifer Clark | VP Officer | Profile | |
| Earl Allen | VP Officer | Profile | |
| Curtis Tyndall | VP Exec | Profile | |
| LeAnne Emert | Ex Officer | Profile |