Northeast Bancorp Correlations
| NBN Stock | USD 91.95 0.64 0.69% |
The current 90-days correlation between Northeast Bancorp and Mainstreet Bank is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Northeast Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northeast Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Northeast Bancorp Correlation With Market
Significant diversification
The correlation between Northeast Bancorp and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northeast Bancorp and DJI in the same portfolio, assuming nothing else is changed.
Northeast |
Moving together with Northeast Stock
| 0.64 | BY | Byline Bancorp | PairCorr |
| 0.79 | NU | Nu Holdings | PairCorr |
| 0.76 | PB | Prosperity Bancshares | PairCorr |
| 0.62 | RF | Regions Financial | PairCorr |
| 0.67 | TFC-PI | Truist Financial | PairCorr |
| 0.61 | TFC-PR | Truist Financial | PairCorr |
| 0.88 | EBTC | Enterprise Bancorp | PairCorr |
| 0.86 | EFSC | Enterprise Financial | PairCorr |
| 0.74 | WASH | Washington Trust Bancorp | PairCorr |
| 0.7 | EQBK | Equity Bancshares, | PairCorr |
| 0.92 | ESSA | ESSA Bancorp | PairCorr |
| 0.74 | WMPN | William Penn Bancorp | PairCorr |
Moving against Northeast Stock
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Northeast Stock performing well and Northeast Bancorp 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 Northeast Bancorp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OFED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HMNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HFBL | 1.56 | 0.11 | 0.06 | 0.34 | 2.04 | 5.67 | 13.32 | |||
| CIZN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HVBC | 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 | |||
| PTRS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MNSB | 1.19 | (0.20) | 0.00 | (0.43) | 0.00 | 2.46 | 8.89 | |||
| ISTR | 1.36 | (0.43) | 0.00 | 4.05 | 0.00 | 1.97 | 7.38 | |||
| MGYR | 1.14 | 0.06 | 0.06 | 0.23 | 1.45 | 2.98 | 6.74 |
Northeast Bancorp Corporate Management
| Richard Cohen | Chief Officer | Profile | |
| Theresa Morrison | Managing Estate | Profile | |
| Tim Tower | Senior Manager | Profile | |
| Christopher Hickey | Managing Management | Profile | |
| Brian Fenwick | Managing Underwriting | Profile | |
| Steve Tsoflias | Senior Lending | Profile |