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

  0.78AX Axos FinancialPairCorr
  0.82BY Byline BancorpPairCorr
  0.7KB KB Financial GroupPairCorr
  0.64NU Nu Holdings Aggressive PushPairCorr
  0.95PB Prosperity BancsharesPairCorr
  0.97RF Regions FinancialPairCorr
  0.87VBNK VersaBankPairCorr
  0.72VBTX Veritex HoldingsPairCorr
  0.7EFSC Enterprise FinancialPairCorr
  0.77EGBN Eagle BancorpPairCorr
  0.85WASH Washington Trust BancorpPairCorr
  0.88EQBK Equity Bancshares,PairCorr
  0.66TFINP Triumph FinancialPairCorr
  0.81EVBN Evans BancorpPairCorr
  0.94EWBC East West BancorpPairCorr
  0.9WMPN William Penn BancorpPairCorr

Moving against MTB Stock

  0.64VBFC Village BankPairCorr
  0.4TECTP Tectonic FinancialPairCorr
  0.63FCAP First CapitalPairCorr
  0.4BANFP BFC Capital Trust Potential GrowthPairCorr

Related Correlations Analysis

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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   
PNCHBAN
RFFITB
RFKEY
PNCRF
CFGTFC
HBANKEY
  
High negative correlations   
PNCNYCB
FHNNYCB
CFGNYCB
HBANNYCB
NYCBRF
NYCBKEY

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum 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