Dime Community Correlations
DCOM Stock | USD 30.52 0.07 0.23% |
The current 90-days correlation between Dime Community Bancshares and Great Southern Bancorp is -0.09 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dime Community moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dime Community Bancshares moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Dime Community Correlation With Market
Good diversification
The correlation between Dime Community Bancshares and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dime Community Bancshares and DJI in the same portfolio, assuming nothing else is changed.
Dime |
Moving together with Dime Stock
0.91 | AX | Axos Financial | PairCorr |
0.88 | BY | Byline Bancorp | PairCorr |
0.77 | PB | Prosperity Bancshares | PairCorr |
0.84 | RF | Regions Financial | PairCorr |
0.84 | VABK | Virginia National | PairCorr |
0.87 | VBNK | VersaBank Earnings Call This Week | PairCorr |
0.9 | VBTX | Veritex Holdings | PairCorr |
0.78 | TFC-PI | Truist Financial | PairCorr |
0.86 | EGBN | Eagle Bancorp | PairCorr |
0.69 | KEY-PJ | KeyCorp | PairCorr |
0.79 | KEY-PK | KeyCorp Normal Trading | PairCorr |
0.86 | WABC | Westamerica Bancorporation | PairCorr |
0.8 | WAFD | Washington Federal | PairCorr |
0.88 | WASH | Washington Trust Bancorp | PairCorr |
0.91 | EQBK | Equity Bancshares, | PairCorr |
0.67 | WAFDP | Washington Federal | PairCorr |
0.69 | EVBN | Evans Bancorp | PairCorr |
0.82 | WMPN | William Penn Bancorp | PairCorr |
Moving against Dime Stock
0.78 | VBFC | Village Bank | PairCorr |
0.52 | TECTP | Tectonic Financial | PairCorr |
0.44 | DB | Deutsche Bank AG Normal Trading | PairCorr |
0.34 | EBTC | Enterprise Bancorp | PairCorr |
0.68 | EFSI | Eagle Financial Services | PairCorr |
0.41 | WSBCP | WesBanco | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Dime Stock performing well and Dime Community 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 Dime Community'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
PGC | 1.48 | (0.11) | 0.00 | (0.11) | 0.00 | 2.93 | 8.44 | |||
NFBK | 1.50 | (0.13) | 0.00 | (0.12) | 0.00 | 2.66 | 10.13 | |||
GSBC | 1.23 | (0.06) | 0.00 | (0.09) | 0.00 | 2.59 | 7.73 | |||
HFWA | 1.17 | 0.01 | 0.00 | (0.01) | 0.00 | 2.72 | 9.15 | |||
BY | 1.06 | (0.12) | 0.00 | (0.16) | 0.00 | 1.95 | 7.27 | |||
BSBK | 1.30 | 0.00 | 0.01 | (0.06) | 1.64 | 2.61 | 6.75 | |||
BLFY | 1.20 | (0.16) | 0.00 | (0.19) | 0.00 | 2.37 | 6.57 | |||
FNCB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
CIVB | 1.32 | (0.10) | 0.00 | (0.14) | 0.00 | 2.63 | 8.37 |
Dime Community Corporate Management
Patricia Esq | General VP | Profile | |
John Romano | Executive Banking | Profile | |
Nancy Tomich | Executive Leader | Profile | |
Mario Caracappa | Executive Service | Profile | |
Austin Stonitsch | Executive Officer | Profile | |
Michael Fegan | Senior Officer | Profile |