Brookline Bancorp Correlations

Stocks . USA . 
Stock . Brookline Bancorp
BRKL Stock  USD 10.86  0.05  0.46%   
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Brookline Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brookline Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookline Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For more information on how to buy Brookline Stock please use our How to buy in Brookline Stock guide.

Moving together with Brookline Stock

  0.64NU Nu HoldingsPairCorr
  0.76PB Prosperity BancsharesPairCorr
  0.69RF Regions FinancialPairCorr
  0.65VBNK VersaBankPairCorr
  0.68MRBK Meridian BankPairCorr
  0.65EFSC Enterprise FinancialPairCorr

Moving against Brookline Stock

  0.47RF-PF Regions FinancialPairCorr
  0.4DB Deutsche Bank AGPairCorr
  0.39VBFC Village BankPairCorr
  0.61ECBK ECB BancorpPairCorr
  0.41EBMT Eagle Bancorp MontanaPairCorr
  0.33MNSB Mainstreet BankPairCorr

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   
KRNY
+ 0.94
HONE
BSRR
+ 0.89
EBC
EQBK
+ 0.88
EBC
HFWA
+ 0.83
EQBK
FVCB
+ 0.81
EQBK
BSRR
+ 0.8
EQBK
  
High negative correlations   
FVCB
- 0.03
HTBK
HONE
- 0.03
HTBK
BSRR
- 0.0
CATC
BWFG
- 0.0
CATC
FVCB
- 0.0
CATC
HFWA
- 0.0
CATC

Risk-Adjusted Indicators

There is a big difference between Brookline Stock performing well and Brookline Bancorp 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 Brookline Bancorp'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
HTBK  1.11 (0.05) 0.00 (0.12) 0.00 
 0.00 
 2.22 
(2.81)
 7.95 
CATC  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
EBC  1.44 (0.02) 0.00 (0.08) 0.00 
 0.00 
 3.03 
(3.81)
 9.59 
HONE  1.57 (0.19) 0.00 (3.41) 0.00 
 0.00 
 3.26 
(3.48)
 14.65 
KRNY  1.56 (0.20) 0.00  3.00  0.00 
 0.00 
 3.01 
(3.23)
 9.59 
EQBK  1.22 (0.18) 0.00 (0.25) 0.00 
 0.00 
 2.15 
(2.87)
 7.52 
HFWA  1.20 (0.07) 0.00 (0.15) 0.00 
 0.00 
 2.33 
(3.27)
 8.15 
FVCB  2.71 (0.29) 0.00 (0.24) 0.00 
 0.00 
 4.69 
(5.91)
 15.68 
BWFG  1.50 (0.02) 0.00 (0.09) 0.00 
 0.00 
 3.42 
(2.91)
 8.46 
BSRR  1.45 (0.03) 0.00 (0.09) 0.00 
 0.00 
 2.49 
(3.08)
 11.56 

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