MT Bank Correlations

MTB Stock

USD 175.42 0.17 0.1%

The current 90-days correlation between MT Bank and US Bancorp is 0.85 (i.e., Very poor diversification). The correlation of MT 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.

MT Bank Correlation With Market

Very weak diversification

The correlation between MT Bank and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MT 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 MT 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 estimate.

For information on how to trade MTB Stock refer to our How to Trade MTB Stock guide.

Moving together with MTB Stock

0.78	AX	Axos Financial	Pair Corr
0.82	BY	Byline Bancorp	Pair Corr
0.7	KB	KB Financial Group	Pair Corr
0.64	NU	Nu Holdings Aggressive Push	Pair Corr
0.95	PB	Prosperity Bancshares	Pair Corr
0.97	RF	Regions Financial	Pair Corr
0.87	VBNK	VersaBank	Pair Corr
0.72	VBTX	Veritex Holdings	Pair Corr
0.7	EFSC	Enterprise Financial	Pair Corr
0.77	EGBN	Eagle Bancorp	Pair Corr
0.85	WASH	Washington Trust Bancorp	Pair Corr
0.88	EQBK	Equity Bancshares,	Pair Corr
0.66	TFINP	Triumph Financial	Pair Corr
0.81	EVBN	Evans Bancorp	Pair Corr
0.94	EWBC	East West Bancorp	Pair Corr
0.9	WMPN	William Penn Bancorp	Pair Corr

Moving against MTB Stock

0.64	VBFC	Village Bank	Pair Corr
0.4	TECTP	Tectonic Financial	Pair Corr
0.63	FCAP	First Capital	Pair Corr
0.4	BANFP	BFC Capital Trust Potential Growth	Pair Corr

Related Correlations Analysis

	USB	TFC	FITB	KEY	RF	NYCB	HBAN	CFG	FHN	PNC
USB		0.56	0.87	0.89	0.92	0.0	0.89	0.63	0.44	0.9	USB
TFC	0.56		0.85	0.79	0.78	0.0	0.84	0.96	0.88	0.81	TFC
FITB	0.87	0.85		0.95	0.98	0.0	0.95	0.85	0.67	0.95	FITB
KEY	0.89	0.79	0.95		0.97	0.0	0.96	0.83	0.69	0.95	KEY
RF	0.92	0.78	0.98	0.97		0.0	0.96	0.81	0.64	0.97	RF
NYCB	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	NYCB
HBAN	0.89	0.84	0.95	0.96	0.96	0.0		0.89	0.75	0.99	HBAN
CFG	0.63	0.96	0.85	0.83	0.81	0.0	0.89		0.92	0.86	CFG
FHN	0.44	0.88	0.67	0.69	0.64	0.0	0.75	0.92		0.71	FHN
PNC	0.9	0.81	0.95	0.95	0.97	0.0	0.99	0.86	0.71		PNC
	USB	TFC	FITB	KEY	RF	NYCB	HBAN	CFG	FHN	PNC

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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

PNC	+ 0.99	HBAN
RF	+ 0.98	FITB
RF	+ 0.97	KEY
PNC	+ 0.97	RF
CFG	+ 0.96	TFC
HBAN	+ 0.96	KEY

High negative correlations

PNC	- 0.0	NYCB
FHN	- 0.0	NYCB
CFG	- 0.0	NYCB
HBAN	- 0.0	NYCB
NYCB	- 0.0	RF
NYCB	- 0.0	KEY

Risk-Adjusted Indicators

There is a big difference between MTB Stock performing well and MT 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 MT 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
USB	1.25	(0.17)	(0.25)	2.09	(3.53)	9.39
TFC	1.21	(0.09)	(0.19)	1.89	(2.67)	10.25
FITB	1.17	(0.19)	(0.30)	2.47	(2.83)	6.08
KEY	1.41	(0.13)	(0.23)	2.72	(3.60)	7.45
RF	1.20	(0.17)	(0.27)	2.41	(2.81)	6.28
NYCB	0.00	0.00	0.00	0.00	0.00	0.00
HBAN	1.21	(0.14)	(0.24)	2.28	(2.50)	6.91
CFG	1.33	(0.07)	(0.17)	2.35	(3.24)	7.87
FHN	1.49	0.05	(0.07)	2.73	(3.32)	9.75
PNC	1.08	(0.15)	(0.25)	1.81	(2.87)	8.03

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