Metropolitan Bank Correlations

MCB Stock

USD 55.13 0.01 0.02%

The current 90-days correlation between Metropolitan Bank Holding and BayCom Corp is 0.63 (i.e., Poor diversification). The correlation of Metropolitan Bank is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Metropolitan Bank Correlation With Market

Average diversification

The correlation between Metropolitan Bank Holding and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Metropolitan Bank Holding 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 Metropolitan Bank Holding. 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.

Moving together with Metropolitan Stock

0.77	AX	Axos Financial	Pair Corr
0.89	BY	Byline Bancorp	Pair Corr
0.9	PB	Prosperity Bancshares	Pair Corr
0.86	RF	Regions Financial	Pair Corr
0.75	VBNK	VersaBank	Pair Corr
0.75	VBTX	Veritex Holdings	Pair Corr
0.75	EBTC	Enterprise Bancorp	Pair Corr
0.76	EFSC	Enterprise Financial	Pair Corr
0.79	EGBN	Eagle Bancorp	Pair Corr
0.81	WASH	Washington Trust Bancorp	Pair Corr
0.91	EQBK	Equity Bancshares,	Pair Corr
0.68	ESSA	ESSA Bancorp	Pair Corr
0.76	TFINP	Triumph Financial	Pair Corr
0.81	EVBN	Evans Bancorp	Pair Corr
0.92	WMPN	William Penn Bancorp	Pair Corr

Moving against Metropolitan Stock

0.68	VBFC	Village Bank	Pair Corr
0.45	DB	Deutsche Bank AG	Pair Corr
0.36	ECBK	ECB Bancorp	Pair Corr
0.35	TECTP	Tectonic Financial	Pair Corr

Related Correlations Analysis

	CUBI	BCML	CBNK	ISTR	CHMG
CUBI		0.67	0.81	-0.2	0.54	CUBI
BCML	0.67		0.85	0.45	0.7	BCML
CBNK	0.81	0.85		0.03	0.78	CBNK
ISTR	-0.2	0.45	0.03		0.17	ISTR
CHMG	0.54	0.7	0.78	0.17		CHMG
	CUBI	BCML	CBNK	ISTR	CHMG

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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

CBNK	+ 0.85	BCML
CBNK	+ 0.81	CUBI
CHMG	+ 0.78	CBNK
CHMG	+ 0.7	BCML
BCML	+ 0.67	CUBI
CHMG	+ 0.54	CUBI

High negative correlations

ISTR

- 0.2

CUBI

Risk-Adjusted Indicators

There is a big difference between Metropolitan Stock performing well and Metropolitan 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 Metropolitan 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
CUBI	1.74	0.07	(0.02)	3.34	(3.68)	18.17
BCML	1.49	(0.19)	1.28	2.58	(3.87)	10.35
CBNK	1.34	(0.09)	1.34	3.00	(3.41)	8.60
ISTR	1.36	(0.43)	4.05	1.97	(3.28)	7.38
CHMG	1.21	(0.08)	(0.24)	1.94	(2.45)	19.34

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