Northrim BanCorp Correlations

NRIM Stock

USD 73.52 0.19 0.26%

The current 90-days correlation between Northrim BanCorp and Eagle Bancorp is 0.63 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Northrim BanCorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northrim BanCorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Northrim BanCorp Correlation With Market

Very weak diversification

The correlation between Northrim BanCorp and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northrim 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 Northrim 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 gross domestic product.

To learn how to invest in Northrim Stock, please use our How to Invest in Northrim BanCorp guide.

Moving together with Northrim Stock

0.62	BY	Byline Bancorp	Pair Corr
0.78	NU	Nu Holdings	Pair Corr
0.7	PB	Prosperity Bancshares	Pair Corr
0.81	EBTC	Enterprise Bancorp	Pair Corr
0.87	EFSC	Enterprise Financial	Pair Corr
0.66	WASH	Washington Trust Bancorp	Pair Corr
0.61	EQBK	Equity Bancshares,	Pair Corr
0.9	ESSA	ESSA Bancorp	Pair Corr
0.64	TFINP	Triumph Financial	Pair Corr
0.65	WMPN	William Penn Bancorp	Pair Corr

Moving against Northrim Stock

0.45

ECBK

ECB Bancorp

Pair Corr

Related Correlations Analysis

	PEBO	EGBN	UBSI	PPBI	SASR	PFS	CTBI	FIBK	LNKB	CBAN
PEBO		0.45	0.76	0.87	0.8	0.72	0.83	0.63	0.63	0.62	PEBO
EGBN	0.45		0.54	0.48	0.45	0.46	0.39	0.92	0.31	0.23	EGBN
UBSI	0.76	0.54		0.91	0.94	0.92	0.68	0.71	0.45	0.27	UBSI
PPBI	0.87	0.48	0.91		0.93	0.86	0.79	0.67	0.55	0.49	PPBI
SASR	0.8	0.45	0.94	0.93		0.95	0.77	0.66	0.63	0.33	SASR
PFS	0.72	0.46	0.92	0.86	0.95		0.69	0.66	0.59	0.2	PFS
CTBI	0.83	0.39	0.68	0.79	0.77	0.69		0.58	0.6	0.77	CTBI
FIBK	0.63	0.92	0.71	0.67	0.66	0.66	0.58		0.45	0.35	FIBK
LNKB	0.63	0.31	0.45	0.55	0.63	0.59	0.6	0.45		0.33	LNKB
CBAN	0.62	0.23	0.27	0.49	0.33	0.2	0.77	0.35	0.33		CBAN
	PEBO	EGBN	UBSI	PPBI	SASR	PFS	CTBI	FIBK	LNKB	CBAN

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Risk-Adjusted Indicators

There is a big difference between Northrim Stock performing well and Northrim 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 Northrim 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
PEBO	0.99	(0.10)	0.00	(0.71)	0.00	0.00	2.17	(2.75)	6.90
EGBN	1.71	(0.35)	0.00	(0.32)	0.00	0.00	2.87	(3.78)	8.86
UBSI	1.08	(0.08)	0.00	(0.15)	0.00	0.00	1.79	(2.60)	7.17
PPBI	1.31	(0.14)	0.00	(0.19)	0.00	0.00	3.08	(2.70)	7.91
SASR	1.29	(0.18)	0.00	(0.25)	0.00	0.00	2.35	(2.88)	10.75
PFS	1.25	(0.10)	0.00	(0.17)	0.00	0.00	2.55	(3.00)	8.56
CTBI	1.16	(0.01)	0.00	(0.08)	0.00	0.00	2.32	(2.73)	7.23
FIBK	1.36	(0.15)	0.00	(0.20)	0.00	0.00	2.18	(3.90)	9.99
LNKB	1.40	(0.17)	0.00	0.54	0.00	0.00	3.17	(2.80)	8.31
CBAN	1.17	0.11	0.07	0.04	1.46	(1.27)	2.59	(2.01)	10.65

Northrim BanCorp Corporate Executives

Elected by the shareholders, the Northrim BanCorp's board of directors comprises two types of representatives: Northrim BanCorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Northrim. The board's role is to monitor Northrim BanCorp's management team and ensure that shareholders' interests are well served. Northrim BanCorp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Northrim BanCorp's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Jed CPA	Executive CFO	Profile
	Latosha Frye	CFO, Executive VP, CFO of Northrim Bank and Executive VP of Northrim Bank	Profile

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