Meridian Bank Correlations

MRBK Stock

USD 14.14 0.02 0.14%

The current 90-days correlation between Meridian Bank and Community West Bancshares is 0.64 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Meridian Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Meridian Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Meridian Bank Correlation With Market

Very weak diversification

The correlation between Meridian Bank and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meridian Bank 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 Meridian Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy Meridian Stock please use our How to buy in Meridian Stock guide.

Moving together with Meridian Stock

0.87	NU	Nu Holdings Aggressive Push	Pair Corr
0.75	PB	Prosperity Bancshares	Pair Corr
0.68	TFC-PI	Truist Financial	Pair Corr
0.69	TFC-PO	Truist Financial	Pair Corr
0.68	TFC-PR	Truist Financial	Pair Corr
0.88	EBTC	Enterprise Bancorp	Pair Corr
0.67	CFG-PE	Citizens Financial	Pair Corr
0.64	CFG-PH	Citizens Financial Group,	Pair Corr
0.89	EFSC	Enterprise Financial	Pair Corr
0.71	WASH	Washington Trust Bancorp	Pair Corr
0.64	EQBK	Equity Bancshares,	Pair Corr
0.94	ESSA	ESSA Bancorp	Pair Corr
0.7	WMPN	William Penn Bancorp	Pair Corr

Moving against Meridian Stock

0.46

ECBK

ECB Bancorp

Pair Corr

Related Correlations Analysis

	CWBC	ISTR	FNWD	FFNW	FNWB	HFBL	HMNF	OFED	CULL	FCAP
CWBC		0.77	0.42	0.41	0.2	-0.3	0.0	0.0	0.0	-0.59	CWBC
ISTR	0.77		0.49	0.31	-0.12	-0.55	0.0	0.0	0.0	-0.83	ISTR
FNWD	0.42	0.49		0.38	-0.51	-0.63	0.0	0.0	0.0	-0.24	FNWD
FFNW	0.41	0.31	0.38		0.1	-0.37	0.0	0.0	0.0	-0.16	FFNW
FNWB	0.2	-0.12	-0.51	0.1		0.31	0.0	0.0	0.0	0.05	FNWB
HFBL	-0.3	-0.55	-0.63	-0.37	0.31		0.0	0.0	0.0	0.44	HFBL
HMNF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	HMNF
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
FCAP	-0.59	-0.83	-0.24	-0.16	0.05	0.44	0.0	0.0	0.0		FCAP
	CWBC	ISTR	FNWD	FFNW	FNWB	HFBL	HMNF	OFED	CULL	FCAP

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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

ISTR	+ 0.77	CWBC
FNWD	+ 0.49	ISTR
FCAP	+ 0.44	HFBL
FNWD	+ 0.42	CWBC
FFNW	+ 0.41	CWBC
FFNW	+ 0.38	FNWD

High negative correlations

FCAP	- 0.83	ISTR
HFBL	- 0.63	FNWD
FCAP	- 0.59	CWBC
HFBL	- 0.55	ISTR
FNWB	- 0.51	FNWD
HFBL	- 0.37	FFNW

Risk-Adjusted Indicators

There is a big difference between Meridian Stock performing well and Meridian 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 Meridian 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
CWBC	0.98	(0.19)	0.00	(0.32)	0.00	0.00	2.28	(2.17)	6.01
ISTR	1.36	(0.36)	0.00	(0.53)	0.00	0.00	1.97	(3.28)	7.38
FNWD	1.04	(0.06)	0.00	(0.33)	0.00	0.00	2.12	(1.97)	8.51
FFNW	1.00	0.03	0.09	(5.03)	1.06	(1.18)	1.17	(1.77)	16.29
FNWB	1.17	0.03	0.00	(0.03)	0.00	0.00	2.68	(2.76)	9.99
HFBL	1.51	0.07	0.04	0.19	2.13	(1.98)	5.67	(4.53)	13.32
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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
FCAP	1.29	0.39	0.21	0.72	1.46	(1.44)	3.26	(3.38)	10.37

Meridian Bank Corporate Management

Mary Messmer	Executive Banking	Profile
Denise Lindsay	CFO VP	Profile
James Nelsen	Credit Officer	Profile
Edward Carpoletti	Senior Management	Profile
Thomas Campbell	Senior Lending	Profile
Rocco Perate	Executive Lending	Profile
David Fitzell	VP Lending	Profile

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