Middlefield Banc Correlations

MBCN Stock

USD 26.87 0.77 2.95%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Middlefield Banc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Middlefield Banc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Middlefield Banc Correlation With Market

Weak diversification

The correlation between Middlefield Banc and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Middlefield Banc and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Middlefield Banc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Middlefield Stock, please use our How to Invest in Middlefield Banc guide.

Moving together with Middlefield Stock

0.88	VABK	Virginia National	Pair Corr
0.66	VBTX	Veritex Holdings	Pair Corr
0.76	WABC	Westamerica Bancorporation	Pair Corr
0.78	WAFD	Washington Federal	Pair Corr
0.63	WAFDP	Washington Federal	Pair Corr

Moving against Middlefield Stock

0.62	VBFC	Village Bank	Pair Corr
0.53	TECTP	Tectonic Financial	Pair Corr
0.48	TFC-PR	Truist Financial	Pair Corr
0.46	TFC-PO	Truist Financial	Pair Corr
0.43	DB	Deutsche Bank AG	Pair Corr
0.33	WF	Woori Financial Group	Pair Corr
0.62	KEY-PI	KeyCorp	Pair Corr
0.54	WSBCP	WesBanco	Pair Corr
0.43	BANC-PF	Banc of California	Pair Corr
0.4	CFG-PH	Citizens Financial Group,	Pair Corr
0.37	KEY-PL	KeyCorp	Pair Corr

Related Correlations Analysis

	OFED	CULL	HMNF	HFBL	FNWB	HVBC	LSBK	CWBC	OVLY	FSBW
OFED		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	OFED
CULL	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CULL
HMNF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	HMNF
HFBL	0.0	0.0	0.0		0.36	0.0	0.56	-0.27	-0.29	-0.41	HFBL
FNWB	0.0	0.0	0.0	0.36		0.0	0.41	0.24	0.13	0.03	FNWB
HVBC	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	HVBC
LSBK	0.0	0.0	0.0	0.56	0.41	0.0		-0.31	-0.42	-0.67	LSBK
CWBC	0.0	0.0	0.0	-0.27	0.24	0.0	-0.31		0.71	0.85	CWBC
OVLY	0.0	0.0	0.0	-0.29	0.13	0.0	-0.42	0.71		0.72	OVLY
FSBW	0.0	0.0	0.0	-0.41	0.03	0.0	-0.67	0.85	0.72		FSBW
	OFED	CULL	HMNF	HFBL	FNWB	HVBC	LSBK	CWBC	OVLY	FSBW

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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

FSBW	+ 0.85	CWBC
FSBW	+ 0.72	OVLY
OVLY	+ 0.71	CWBC
LSBK	+ 0.56	HFBL
LSBK	+ 0.41	FNWB
FNWB	+ 0.36	HFBL

High negative correlations

FSBW	- 0.67	LSBK
OVLY	- 0.42	LSBK
FSBW	- 0.41	HFBL
CWBC	- 0.31	LSBK
OVLY	- 0.29	HFBL
CWBC	- 0.27	HFBL

Risk-Adjusted Indicators

There is a big difference between Middlefield Stock performing well and Middlefield Banc 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 Middlefield Banc'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
OFED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HFBL	1.56	0.11	0.06	0.34	2.04	(2.09)	5.67	(4.53)	13.32
FNWB	1.17	(0.01)	0.00	(0.17)	0.00	0.00	2.68	(2.76)	9.99
HVBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LSBK	1.63	0.33	0.16	0.61	1.59	(2.36)	3.62	(3.16)	21.68
CWBC	0.98	(0.19)	0.00	(0.31)	0.00	0.00	2.28	(2.17)	6.01
OVLY	1.49	(0.27)	0.00	(0.48)	0.00	0.00	2.38	(3.77)	11.49
FSBW	1.60	(0.20)	0.00	(0.27)	0.00	0.00	2.62	(4.04)	9.31

Middlefield Banc Corporate Management

Teresa Hetrick	Sr. VP of Operations and Admin. and Sr. VP of Operations and Admin. - Middlefield Bank	Profile
Sarah Winters	Senior Officer	Profile
Andrew Berger	SM Director	Profile
Charles Moore	Pres Company	Profile

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