National Bankshares Correlations

Stocks . USA . 
Stock . National Bankshares
NKSH Stock  USD 27.25  0.21  0.76%   
The current 90-days correlation between National Bankshares and Finward Bancorp is 0.35 (i.e., Weak diversification). The correlation of National Bankshares 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.

National Bankshares Correlation With Market

Very weak diversification

The correlation between National Bankshares and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding National Bankshares 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 National Bankshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
For more detail on how to invest in National Stock please use our How to Invest in National Bankshares guide.

Moving together with National Stock

  0.89AX Axos FinancialPairCorr
  0.83BY Byline BancorpPairCorr
  0.71KB KB Financial GroupPairCorr
  0.81PB Prosperity BancsharesPairCorr
  0.85RF Regions FinancialPairCorr
  0.83VABK Virginia NationalPairCorr
  0.76VBNK VersaBank Earnings Call This WeekPairCorr
  0.82VBTX Veritex HoldingsPairCorr
  0.69TFC-PI Truist FinancialPairCorr
  0.89EGBN Eagle BancorpPairCorr
  0.62KEY-PJ KeyCorpPairCorr
  0.74KEY-PK KeyCorpPairCorr
  0.88WABC Westamerica BancorporationPairCorr
  0.75WAFD Washington FederalPairCorr
  0.83WASH Washington Trust BancorpPairCorr
  0.87EQBK Equity Bancshares,PairCorr
  0.65WAFDP Washington FederalPairCorr
  0.71EVBN Evans BancorpPairCorr
  0.85WMPN William Penn BancorpPairCorr

Moving against National Stock

  0.82VBFC Village BankPairCorr
  0.53TECTP Tectonic FinancialPairCorr
  0.42DB Deutsche Bank AG Normal TradingPairCorr
  0.45EFSI Eagle Financial ServicesPairCorr
  0.44WSBCP WesBancoPairCorr

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   
FFNW
+ 0.94
CWBC
OVLY
+ 0.86
FFNW
CWBC
+ 0.85
FNWD
OVLY
+ 0.85
CWBC
OVLY
+ 0.84
FNWD
FFNW
+ 0.78
FNWD
  
High negative correlations   
HFBL
- 0.75
FNWD
HFBL
- 0.59
CWBC
HFBL
- 0.54
OVLY
HFBL
- 0.49
FFNW
FCCO
- 0.11
FNWD
FCCO
- 0.0
CULL

Risk-Adjusted Indicators

There is a big difference between National Stock performing well and National Bankshares 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 National Bankshares' 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
FNWD  0.90 (0.25) 0.00 (0.93) 0.00 
 0.00 
 1.36 
(1.97)
 8.51 
CWBC  0.99 (0.13) 0.00 (0.15) 0.00 
 0.00 
 2.45 
(2.17)
 6.94 
FFNW  0.69 (0.07) 0.00 (0.18) 0.00 
 0.00 
 1.08 
(1.69)
 4.22 
OVLY  1.52 (0.09) 0.00 (0.15) 0.00 
 0.00 
 3.76 
(2.65)
 12.78 
HMNF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
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  1.54  0.16  0.06 (0.88) 1.87 
(2.20)
 6.19 
(4.53)
 13.83 
FNWB  1.33  0.05  0.03  0.06  1.47 
(1.69)
 3.00 
(2.76)
 9.99 
FCCO  1.17  0.03  0.02  0.11  1.55 
(1.32)
 3.02 
(2.05)
 9.38 

National Bankshares Corporate Executives

Elected by the shareholders, the National Bankshares' board of directors comprises two types of representatives: National Bankshares inside directors who are chosen from within the company, and outside directors, selected externally and held independent of National. The board's role is to monitor National Bankshares' management team and ensure that shareholders' interests are well served. National Bankshares' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, National Bankshares' outside directors are responsible for providing unbiased perspectives on the board's policies.
Lora JonesTreasurer CFOProfile
David SkeensCFO, Treasurer, CFO of National Bank of Blacksburg and Sr. VP of Operations and Risk Management - National Bank of BlacksburgProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY