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.
  
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

  0.91AX Axos FinancialPairCorr
  0.88BY Byline BancorpPairCorr
  0.77PB Prosperity BancsharesPairCorr
  0.84RF Regions FinancialPairCorr
  0.84VABK Virginia NationalPairCorr
  0.87VBNK VersaBank Earnings Call This WeekPairCorr
  0.9VBTX Veritex HoldingsPairCorr
  0.78TFC-PI Truist FinancialPairCorr
  0.86EGBN Eagle BancorpPairCorr
  0.69KEY-PJ KeyCorpPairCorr
  0.79KEY-PK KeyCorp Normal TradingPairCorr
  0.86WABC Westamerica BancorporationPairCorr
  0.8WAFD Washington FederalPairCorr
  0.88WASH Washington Trust BancorpPairCorr
  0.91EQBK Equity Bancshares,PairCorr
  0.67WAFDP Washington FederalPairCorr
  0.69EVBN Evans BancorpPairCorr
  0.82WMPN William Penn BancorpPairCorr

Moving against Dime Stock

  0.78VBFC Village BankPairCorr
  0.52TECTP Tectonic FinancialPairCorr
  0.44DB Deutsche Bank AG Normal TradingPairCorr
  0.34EBTC Enterprise BancorpPairCorr
  0.68EFSI Eagle Financial ServicesPairCorr
  0.41WSBCP WesBancoPairCorr

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   
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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.

Dime Community Corporate Management

Patricia EsqGeneral VPProfile
John RomanoExecutive BankingProfile
Nancy TomichExecutive LeaderProfile
Mario CaracappaExecutive ServiceProfile
Austin StonitschExecutive OfficerProfile
Michael FeganSenior OfficerProfile