Camden National Correlations

CAC Stock

USD 41.44 0.38 0.91%

The current 90-days correlation between Camden National and Greene County Bancorp is 0.17 (i.e., Average diversification). The correlation of Camden National 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.

Camden National Correlation With Market

Very weak diversification

The correlation between Camden National and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Camden National 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 Camden National. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For information on how to trade Camden Stock refer to our How to Trade Camden Stock guide.

Moving together with Camden Stock

0.66	AX	Axos Financial	Pair Corr
0.83	BY	Byline Bancorp	Pair Corr
0.74	NU	Nu Holdings Aggressive Push	Pair Corr
0.94	PB	Prosperity Bancshares	Pair Corr
0.83	RF	Regions Financial	Pair Corr
0.67	VBNK	VersaBank	Pair Corr
0.68	VBTX	Veritex Holdings	Pair Corr
0.88	EBTC	Enterprise Bancorp	Pair Corr
0.78	EFSC	Enterprise Financial	Pair Corr
0.67	EGBN	Eagle Bancorp	Pair Corr
0.9	WASH	Washington Trust Bancorp	Pair Corr
0.9	EQBK	Equity Bancshares,	Pair Corr
0.8	ESSA	ESSA Bancorp	Pair Corr
0.67	TFINP	Triumph Financial	Pair Corr
0.75	EVBN	Evans Bancorp	Pair Corr
0.89	WMPN	William Penn Bancorp	Pair Corr

Moving against Camden Stock

0.55	VBFC	Village Bank	Pair Corr
0.39	ECBK	ECB Bancorp	Pair Corr

Related Correlations Analysis

	FUNC	FCCO	GCBC	CWBC	CVCY	HBCP	CULL	CBFV	CIVB	FNWD
FUNC		0.79	0.36	0.38	0.0	0.64	0.0	0.63	0.61	-0.37	FUNC
FCCO	0.79		0.33	0.59	0.0	0.91	0.0	0.8	0.84	-0.41	FCCO
GCBC	0.36	0.33		-0.04	0.0	0.2	0.0	-0.01	0.23	-0.49	GCBC
CWBC	0.38	0.59	-0.04		0.0	0.58	0.0	0.76	0.87	0.35	CWBC
CVCY	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CVCY
HBCP	0.64	0.91	0.2	0.58	0.0		0.0	0.83	0.81	-0.34	HBCP
CULL	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CULL
CBFV	0.63	0.8	-0.01	0.76	0.0	0.83	0.0		0.82	0.07	CBFV
CIVB	0.61	0.84	0.23	0.87	0.0	0.81	0.0	0.82		-0.02	CIVB
FNWD	-0.37	-0.41	-0.49	0.35	0.0	-0.34	0.0	0.07	-0.02		FNWD
	FUNC	FCCO	GCBC	CWBC	CVCY	HBCP	CULL	CBFV	CIVB	FNWD

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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

HBCP	+ 0.91	FCCO
CIVB	+ 0.87	CWBC
CIVB	+ 0.84	FCCO
CBFV	+ 0.83	HBCP
CIVB	+ 0.82	CBFV
CIVB	+ 0.81	HBCP

High negative correlations

FNWD	- 0.49	GCBC
FNWD	- 0.41	FCCO
FNWD	- 0.37	FUNC
FNWD	- 0.34	HBCP
CWBC	- 0.04	GCBC
FNWD	- 0.02	CIVB

Risk-Adjusted Indicators

There is a big difference between Camden Stock performing well and Camden National 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 Camden National'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
FUNC	1.56	(0.12)	(0.24)	2.50	(3.72)	16.12
FCCO	1.30	(0.13)	(0.19)	3.41	(3.73)	10.26
GCBC	1.07	(0.33)	(0.96)	2.11	(2.67)	5.30
CWBC	0.98	(0.19)	(0.31)	2.28	(2.17)	6.01
CVCY	0.00	0.00	0.00	0.00	0.00	0.00
HBCP	1.31	(0.02)	(0.09)	2.82	(3.06)	8.36
CULL	0.00	0.00	0.00	0.00	0.00	0.00
CBFV	1.17	(0.11)	(0.21)	1.90	(3.05)	7.71
CIVB	1.47	(0.13)	(0.23)	2.63	(3.88)	8.37
FNWD	1.06	(0.08)	(0.45)	2.12	(1.97)	8.51

Camden National Corporate Management

Heather CPA	Ex Officer	Profile
Rene Smyth	Executive Officer	Profile
Andrew Forbes	Executive Officer	Profile
Barbara CTP	Executive Banking	Profile

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