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.
MTB |
Moving together with MTB Stock
0.78 | AX | Axos Financial | PairCorr |
0.82 | BY | Byline Bancorp | PairCorr |
0.7 | KB | KB Financial Group | PairCorr |
0.64 | NU | Nu Holdings Aggressive Push | PairCorr |
0.95 | PB | Prosperity Bancshares | PairCorr |
0.97 | RF | Regions Financial | PairCorr |
0.87 | VBNK | VersaBank | PairCorr |
0.72 | VBTX | Veritex Holdings | PairCorr |
0.7 | EFSC | Enterprise Financial | PairCorr |
0.77 | EGBN | Eagle Bancorp | PairCorr |
0.85 | WASH | Washington Trust Bancorp | PairCorr |
0.88 | EQBK | Equity Bancshares, | PairCorr |
0.66 | TFINP | Triumph Financial | PairCorr |
0.81 | EVBN | Evans Bancorp | PairCorr |
0.94 | EWBC | East West Bancorp | PairCorr |
0.9 | WMPN | William Penn Bancorp | PairCorr |
Moving against MTB Stock
0.64 | VBFC | Village Bank | PairCorr |
0.4 | TECTP | Tectonic Financial | PairCorr |
0.63 | FCAP | First Capital | PairCorr |
0.4 | BANFP | BFC Capital Trust Potential Growth | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
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 | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
USB | 1.25 | (0.17) | 0.00 | (0.25) | 0.00 | 2.09 | 9.39 | |||
TFC | 1.21 | (0.09) | 0.00 | (0.19) | 0.00 | 1.89 | 10.25 | |||
FITB | 1.17 | (0.19) | 0.00 | (0.30) | 0.00 | 2.47 | 6.08 | |||
KEY | 1.41 | (0.13) | 0.00 | (0.23) | 0.00 | 2.72 | 7.45 | |||
RF | 1.20 | (0.17) | 0.00 | (0.27) | 0.00 | 2.41 | 6.28 | |||
NYCB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
HBAN | 1.21 | (0.14) | 0.00 | (0.24) | 0.00 | 2.28 | 6.91 | |||
CFG | 1.33 | (0.07) | 0.00 | (0.17) | 0.00 | 2.35 | 7.87 | |||
FHN | 1.49 | 0.05 | 0.00 | (0.07) | 0.00 | 2.73 | 9.75 | |||
PNC | 1.08 | (0.15) | 0.00 | (0.25) | 0.00 | 1.81 | 8.03 |