Bank of Marin Correlations

BMRC Stock  USD 22.69  0.29  1.29%   
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

Very weak diversification

The correlation between Bank of Marin 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 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

  0.79BY Byline BancorpPairCorr
  0.68NU Nu Holdings Aggressive PushPairCorr
  0.78PB Prosperity BancsharesPairCorr
  0.66RF Regions FinancialPairCorr
  0.63TFC-PI Truist FinancialPairCorr
  0.9EBTC Enterprise BancorpPairCorr
  0.9EFSC Enterprise FinancialPairCorr
  0.73WASH Washington Trust BancorpPairCorr
  0.76EQBK Equity Bancshares,PairCorr
  0.85ESSA ESSA BancorpPairCorr
  0.69TFINP Triumph FinancialPairCorr
  0.67EVBN Evans BancorpPairCorr
  0.63EWBC East West BancorpPairCorr
  0.8WMPN William Penn BancorpPairCorr
  0.69WNEB Western New EnglandPairCorr

Moving against Bank Stock

  0.45VBFC Village BankPairCorr

Related Correlations Analysis

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   
TCBKCWBC
CTBITCBK
VABKCWBC
CTBICWBC
VABKTCBK
CTBIHFWA
  
High negative correlations   
VABKHMNF
CTBIHMNF
TCBKHMNF
THFFHMNF
BSRRHMNF
FFNWHMNF

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