Bank of Marin Correlations

BMRC Stock  USD 24.38  0.09  0.37%   
The current 90-days correlation between Bank of Marin and Community West Bancshares is 0.66 (i.e., Poor diversification). The correlation of Bank of Marin 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.

Bank of Marin Correlation With Market

Weak diversification

The correlation between Bank of Marin 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 Bank of Marin 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 Bank of Marin. 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.
For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.

Moving together with Bank Stock

  0.77BY Byline BancorpPairCorr
  0.74NU Nu HoldingsPairCorr
  0.78PB Prosperity BancsharesPairCorr
  0.64RF Regions FinancialPairCorr
  0.68WF Woori Financial GroupPairCorr
  0.76TFC-PI Truist FinancialPairCorr
  0.77TFC-PO Truist FinancialPairCorr
  0.65TFC-PR Truist FinancialPairCorr
  0.73CFG-PE Citizens FinancialPairCorr
  0.89EFSC Enterprise FinancialPairCorr
  0.71KEY-PJ KeyCorpPairCorr
  0.7KEY-PK KeyCorp Normal TradingPairCorr
  0.75WASH Washington Trust BancorpPairCorr
  0.74EQBK Equity Bancshares,PairCorr
  0.66ESSA ESSA BancorpPairCorr
  0.81WMPN William Penn BancorpPairCorr
  0.62WNEB Western New EnglandPairCorr

Moving against Bank Stock

  0.42VBFC Village BankPairCorr
  0.68EFSI Eagle Financial ServicesPairCorr

Related Correlations Analysis

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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   
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High negative correlations   
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Risk-Adjusted Indicators

There is a big difference between Bank Stock performing well and Bank of Marin 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 Bank of Marin'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.

Bank of Marin Corporate Management

Boo WilsonChief OfficerProfile
David MerckPrincipal Accounting OfficerProfile
Sathis ArasadiExecutive OfficerProfile
David BloomExecutive BankingProfile
Nicolette SloanExecutive StrategyProfile
Patrick LondonExecutive BankingProfile