Harford Bank Correlations

HFBK Stock

USD 33.75 0.06 0.18%

The current 90-days correlation between Harford Bank and Delhi Bank Corp is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Harford Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Harford Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Harford Bank Correlation With Market

Good diversification

The correlation between Harford Bank and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Harford Bank and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Harford Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Harford Bank when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Harford Bank - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Harford Bank to buy it.

Moving together with Harford Pink Sheet

0.63

INTC

Intel Aggressive Push

Pair Corr

Moving against Harford Pink Sheet

0.64	IBM	International Business Sell-off Trend	Pair Corr
0.59	BA	Boeing Sell-off Trend	Pair Corr
0.55	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.49	MSFT	Microsoft Aggressive Push	Pair Corr
0.46	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.43	JPHLF	Japan Post Holdings	Pair Corr
0.4	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.36	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr
0.34	PBCRY	Bank Central Asia	Pair Corr

Related Correlations Analysis

	CCFC	DWNX	BKUT	FCCT	FMFP	WBZB	BOID	FBSI	CIWV	NODB
CCFC		-0.18	-0.72	0.07	0.83	-0.44	-0.75	-0.25	-0.81	-0.8	CCFC
DWNX	-0.18		0.04	0.15	-0.29	-0.06	0.31	-0.26	0.23	0.23	DWNX
BKUT	-0.72	0.04		-0.23	-0.74	0.83	0.68	0.63	0.76	0.86	BKUT
FCCT	0.07	0.15	-0.23		0.04	-0.35	-0.01	-0.24	-0.05	-0.12	FCCT
FMFP	0.83	-0.29	-0.74	0.04		-0.4	-0.93	-0.19	-0.88	-0.83	FMFP
WBZB	-0.44	-0.06	0.83	-0.35	-0.4		0.4	0.8	0.56	0.62	WBZB
BOID	-0.75	0.31	0.68	-0.01	-0.93	0.4		0.2	0.84	0.74	BOID
FBSI	-0.25	-0.26	0.63	-0.24	-0.19	0.8	0.2		0.36	0.44	FBSI
CIWV	-0.81	0.23	0.76	-0.05	-0.88	0.56	0.84	0.36		0.86	CIWV
NODB	-0.8	0.23	0.86	-0.12	-0.83	0.62	0.74	0.44	0.86		NODB
	CCFC	DWNX	BKUT	FCCT	FMFP	WBZB	BOID	FBSI	CIWV	NODB

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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

NODB	+ 0.86	BKUT
NODB	+ 0.86	CIWV
CIWV	+ 0.84	BOID
FMFP	+ 0.83	CCFC
WBZB	+ 0.83	BKUT
FBSI	+ 0.8	WBZB

High negative correlations

BOID	- 0.93	FMFP
CIWV	- 0.88	FMFP
NODB	- 0.83	FMFP
CIWV	- 0.81	CCFC
NODB	- 0.8	CCFC
BOID	- 0.75	CCFC

Risk-Adjusted Indicators

There is a big difference between Harford Pink Sheet performing well and Harford Bank 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 Harford Bank'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
CCFC	0.40	(0.10)	0.00	(0.76)	0.00	0.00	0.82	(1.23)	7.12
DWNX	0.08	0.00	0.00	0.45	0.00	0.00	0.49	(0.15)	1.47
BKUT	0.80	0.38	0.00	(1.51)	0.00	0.00	3.29	0.00	13.93
FCCT	0.28	0.00	0.00	(0.02)	0.00	0.00	1.01	0.00	6.53
FMFP	0.96	(0.24)	0.00	0.26	0.00	0.00	0.82	(3.76)	14.87
WBZB	0.28	0.13	0.00	3.31	0.00	0.00	0.00	0.00	5.88
BOID	0.32	0.09	0.00	0.54	0.00	0.00	1.52	0.00	6.38
FBSI	0.85	0.10	0.00	(3.13)	0.00	0.00	3.37	(1.09)	15.57
CIWV	1.17	0.31	0.05	28.86	1.31	(3.49)	4.22	(2.15)	18.86
NODB	0.33	0.08	0.02	0.80	0.43	(0.87)	0.63	(0.31)	7.28

Be your own money manager

Our tools can tell you how much better you can do entering a position in Harford Bank without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Harford Bank Corporate Management

Sandra Osborn	VP of Operations	Profile
Calvin Tull	VP Resource	Profile
Alison Fair	VP Officer	Profile
Michael Allen	Pres Director	Profile
Lorrie Schenning	Ex Officer	Profile

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