Bogota Financial Correlations

BSBK Stock

USD 8.00 0.07 0.88%

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

Bogota Financial Correlation With Market

Significant diversification

The correlation between Bogota Financial Corp and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bogota 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 Bogota 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 bureau of labor statistics.

Moving together with Bogota Stock

0.61	BY	Byline Bancorp	Pair Corr
0.69	PB	Prosperity Bancshares	Pair Corr
0.68	RF	Regions Financial	Pair Corr
0.63	VBNK	VersaBank Earnings Call This Week	Pair Corr
0.74	TFC-PI	Truist Financial	Pair Corr
0.64	KEY-PK	KeyCorp Normal Trading	Pair Corr
0.74	WASH	Washington Trust Bancorp	Pair Corr
0.7	EQBK	Equity Bancshares,	Pair Corr
0.67	WMPN	William Penn Bancorp	Pair Corr

Moving against Bogota Stock

0.45	VBFC	Village Bank	Pair Corr
0.58	EFSI	Eagle Financial Services	Pair Corr

Related Correlations Analysis

	HMNF	HFBL	FFNW	FNWB	FCAP	CWBC	OFED	CULL	HTBI	CFBK
HMNF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HMNF
HFBL	0.0		-0.49	0.13	0.62	-0.59	0.0	0.0	-0.05	-0.48	HFBL
FFNW	0.0	-0.49		0.45	-0.18	0.94	0.0	0.0	0.6	0.93	FFNW
FNWB	0.0	0.13	0.45		0.32	0.4	0.0	0.0	0.57	0.41	FNWB
FCAP	0.0	0.62	-0.18	0.32		-0.37	0.0	0.0	0.22	-0.24	FCAP
CWBC	0.0	-0.59	0.94	0.4	-0.37		0.0	0.0	0.56	0.94	CWBC
OFED	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	OFED
CULL	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CULL
HTBI	0.0	-0.05	0.6	0.57	0.22	0.56	0.0	0.0		0.63	HTBI
CFBK	0.0	-0.48	0.93	0.41	-0.24	0.94	0.0	0.0	0.63		CFBK
	HMNF	HFBL	FFNW	FNWB	FCAP	CWBC	OFED	CULL	HTBI	CFBK

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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	+ 0.94	FFNW
CFBK	+ 0.94	CWBC
CFBK	+ 0.93	FFNW
CFBK	+ 0.63	HTBI
FCAP	+ 0.62	HFBL
HTBI	+ 0.6	FFNW

High negative correlations

CWBC	- 0.59	HFBL
FFNW	- 0.49	HFBL
CFBK	- 0.48	HFBL
CWBC	- 0.37	FCAP
CFBK	- 0.24	FCAP
FCAP	- 0.18	FFNW

Risk-Adjusted Indicators

There is a big difference between Bogota Stock performing well and Bogota 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 Bogota 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
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HFBL	1.54	0.16	0.06	(0.88)	1.87	(2.20)	6.19	(4.53)	13.83
FFNW	0.69	(0.07)	0.00	(0.18)	0.00	0.00	1.08	(1.69)	4.22
FNWB	1.33	0.05	0.03	0.06	1.47	(1.69)	3.00	(2.76)	9.99
FCAP	1.49	0.14	0.06	(0.35)	1.91	(1.63)	3.27	(3.81)	11.75
CWBC	0.99	(0.13)	0.00	(0.15)	0.00	0.00	2.45	(2.17)	6.94
OFED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HTBI	1.24	(0.03)	0.00	0.45	0.00	0.00	2.33	(1.88)	7.22
CFBK	1.74	(0.16)	0.00	(0.31)	0.00	0.00	3.19	(4.08)	13.90

Bogota Financial Corporate Management

Thomas Guinan	SVP Manager	Profile
Susanne HartmannSilva	Corporate Secretary	Profile
Robert Walsh	Executive Officer	Profile
Joseph Coccaro	CEO Pres	Profile
Jim Brown	Senior Sales	Profile

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