NBT Bancorp Correlations

NBTB Stock

USD 43.46 0.08 0.18%

The current 90-days correlation between NBT Bancorp and Financial Institutions is 0.65 (i.e., Poor diversification). The correlation of NBT Bancorp 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.

NBT Bancorp Correlation With Market

Very weak diversification

The correlation between NBT Bancorp and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NBT Bancorp 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 NBT Bancorp. 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 NBT Stock refer to our How to Trade NBT Stock guide.

Moving together with NBT Stock

0.93	AX	Axos Financial	Pair Corr
0.92	BY	Byline Bancorp	Pair Corr
0.78	PB	Prosperity Bancshares	Pair Corr
0.86	RF	Regions Financial	Pair Corr
0.74	VABK	Virginia National	Pair Corr
0.88	VBNK	VersaBank	Pair Corr
0.96	VBTX	Veritex Holdings	Pair Corr
0.93	EGBN	Eagle Bancorp	Pair Corr
0.72	WABC	Westamerica Bancorporation	Pair Corr
0.8	WAFD	Washington Federal	Pair Corr
0.76	WASH	Washington Trust Bancorp	Pair Corr
0.9	EQBK	Equity Bancshares,	Pair Corr
0.78	WAFDP	Washington Federal	Pair Corr
0.66	TFINP	Triumph Financial	Pair Corr
0.98	EVBN	Evans Bancorp	Pair Corr
0.78	EWBC	East West Bancorp	Pair Corr
0.87	WMPN	William Penn Bancorp	Pair Corr

Moving against NBT Stock

0.84	VBFC	Village Bank	Pair Corr
0.59	TECTP	Tectonic Financial	Pair Corr
0.53	KEY-PI	KeyCorp	Pair Corr
0.74	FCAP	First Capital	Pair Corr
0.55	OCFCP	OceanFirst Financial Corp	Pair Corr
0.54	BANFP	BFC Capital Trust	Pair Corr
0.47	WSBCP	WesBanco	Pair Corr
0.38	BANC-PF	Banc of California	Pair Corr

Related Correlations Analysis

	OVLY	OFED	CULL	HFBL	FNWD	CWBC	FFNW	NFBK	HBCP	FISI
OVLY		0.0	0.0	-0.39	0.42	0.77	0.39	0.7	0.3	0.45	OVLY
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
HFBL	-0.39	0.0	0.0		-0.64	-0.36	-0.37	-0.31	0.13	0.2	HFBL
FNWD	0.42	0.0	0.0	-0.64		0.49	0.39	0.42	-0.24	-0.2	FNWD
CWBC	0.77	0.0	0.0	-0.36	0.49		0.48	0.91	0.58	0.44	CWBC
FFNW	0.39	0.0	0.0	-0.37	0.39	0.48		0.55	0.38	0.26	FFNW
NFBK	0.7	0.0	0.0	-0.31	0.42	0.91	0.55		0.66	0.58	NFBK
HBCP	0.3	0.0	0.0	0.13	-0.24	0.58	0.38	0.66		0.67	HBCP
FISI	0.45	0.0	0.0	0.2	-0.2	0.44	0.26	0.58	0.67		FISI
	OVLY	OFED	CULL	HFBL	FNWD	CWBC	FFNW	NFBK	HBCP	FISI

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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

NFBK	+ 0.91	CWBC
CWBC	+ 0.77	OVLY
NFBK	+ 0.7	OVLY
FISI	+ 0.67	HBCP
HBCP	+ 0.66	NFBK
HBCP	+ 0.58	CWBC

High negative correlations

FNWD	- 0.64	HFBL
HFBL	- 0.39	OVLY
FFNW	- 0.37	HFBL
CWBC	- 0.36	HFBL
NFBK	- 0.31	HFBL
HBCP	- 0.24	FNWD

Risk-Adjusted Indicators

There is a big difference between NBT Stock performing well and NBT 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 NBT 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
OVLY	1.52	(0.29)	0.00	(0.53)	0.00	0.00	2.38	(3.77)	11.49
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
HFBL	1.49	0.07	0.05	0.14	2.12	(1.95)	5.67	(4.53)	13.32
FNWD	1.04	(0.04)	0.00	(0.27)	0.00	0.00	2.12	(1.97)	8.51
CWBC	0.96	(0.20)	0.00	(0.35)	0.00	0.00	2.28	(2.17)	6.01
FFNW	1.01	0.04	0.12	(4.95)	1.05	(1.15)	1.17	(1.77)	16.29
NFBK	1.45	(0.06)	0.00	(0.15)	0.00	0.00	2.58	(3.33)	9.15
HBCP	1.34	(0.01)	0.00	(0.10)	0.00	0.00	2.82	(3.06)	8.36
FISI	1.29	0.07	0.00	(0.02)	0.00	0.00	2.31	(2.73)	11.27

NBT Bancorp Corporate Management

Amy Hurta	Senior VP	Profile
Dawn CFA	SVP Lending	Profile
Shaunastar Hyle	Executive Lending	Profile
Shauna Hyle	Executive Banking	Profile
Ruth Mahoney	Executive Management	Profile
Annette Burns	Senior Officer	Profile

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