Dime Community Correlations

DCOM Stock

USD 28.26 0.40 1.40%

The current 90-days correlation between Dime Community Bancshares and Great Southern Bancorp is 0.79 (i.e., Poor 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

Very weak diversification

The correlation between Dime Community Bancshares and DJI is 0.54 (i.e., Very weak 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.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dime Community Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Dime Stock

0.89	AX	Axos Financial	Pair Corr
0.89	BY	Byline Bancorp	Pair Corr
0.64	KB	KB Financial Group	Pair Corr
0.88	PB	Prosperity Bancshares	Pair Corr
0.87	RF	Regions Financial Normal Trading	Pair Corr
0.88	VBNK	VersaBank	Pair Corr
0.86	VBTX	Veritex Holdings	Pair Corr
0.63	EBTC	Enterprise Bancorp	Pair Corr
0.63	EFSC	Enterprise Financial	Pair Corr
0.82	EGBN	Eagle Bancorp	Pair Corr
0.74	WASH	Washington Trust Bancorp	Pair Corr
0.92	EQBK	Equity Bancshares,	Pair Corr
0.7	TFINP	Triumph Financial	Pair Corr
0.93	EVBN	Evans Bancorp	Pair Corr
0.89	WMPN	William Penn Bancorp	Pair Corr

Moving against Dime Stock

0.73	VBFC	Village Bank	Pair Corr
0.68	DB	Deutsche Bank AG	Pair Corr
0.46	TECTP	Tectonic Financial	Pair Corr
0.42	EBMT	Eagle Bancorp Montana	Pair Corr
0.42	ECBK	ECB Bancorp	Pair Corr
0.36	KEY-PI	KeyCorp	Pair Corr
0.31	WSBCP	WesBanco	Pair Corr

Related Correlations Analysis

	PGC	NFBK	GSBC	HFWA	BY	BSBK	BLFY	FNCB	CIVB
PGC		0.8	0.8	0.59	0.95	0.36	0.81	0.0	0.89	PGC
NFBK	0.8		0.74	0.62	0.77	0.3	0.87	0.0	0.82	NFBK
GSBC	0.8	0.74		0.5	0.83	0.18	0.67	0.0	0.8	GSBC
HFWA	0.59	0.62	0.5		0.69	0.25	0.71	0.0	0.7	HFWA
BY	0.95	0.77	0.83	0.69		0.29	0.83	0.0	0.94	BY
BSBK	0.36	0.3	0.18	0.25	0.29		0.27	0.0	0.26	BSBK
BLFY	0.81	0.87	0.67	0.71	0.83	0.27		0.0	0.85	BLFY
FNCB	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FNCB
CIVB	0.89	0.82	0.8	0.7	0.94	0.26	0.85	0.0		CIVB
	PGC	NFBK	GSBC	HFWA	BY	BSBK	BLFY	FNCB	CIVB

Click cells to compare fundamentals

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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

BY	+ 0.95	PGC
CIVB	+ 0.94	BY
CIVB	+ 0.89	PGC
BLFY	+ 0.87	NFBK
CIVB	+ 0.85	BLFY
BY	+ 0.83	GSBC

High negative correlations

CIVB	- 0.0	FNCB
FNCB	- 0.0	BLFY
FNCB	- 0.0	BSBK
FNCB	- 0.0	BY
FNCB	- 0.0	HFWA
FNCB	- 0.0	GSBC

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
PGC	1.56	(0.26)	(0.18)	3.21	(3.53)	8.95
NFBK	1.40	(0.15)	(0.13)	2.58	(2.76)	7.82
GSBC	1.25	(0.19)	(0.21)	2.41	(3.02)	7.73
HFWA	1.21	(0.12)	5.02	2.33	(3.27)	8.15
BY	1.14	(0.21)	(0.20)	2.17	(2.09)	5.90
BSBK	1.23	(0.07)	(0.21)	2.61	(2.39)	6.29
BLFY	1.26	(0.20)	(0.21)	2.22	(3.36)	7.58
FNCB	0.00	0.00	0.00	0.00	0.00	0.00
CIVB	1.49	(0.21)	(0.22)	2.63	(3.88)	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

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