NSTS Bancorp Correlations

NSTS Stock

USD 11.31 0.19 1.65%

The current 90-days correlation between NSTS Bancorp and Oconee Federal Financial is -0.08 (i.e., Good diversification). The correlation of NSTS 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. If the correlation is 0, the equities are not correlated; they are entirely random.

NSTS Bancorp Correlation With Market

Good diversification

The correlation between NSTS Bancorp and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NSTS 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 NSTS 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 more information on how to buy NSTS Stock please use our How to Invest in NSTS Bancorp guide.

Moving together with NSTS Stock

0.61	VBFC	Village Bank	Pair Corr
0.65	TECTP	Tectonic Financial	Pair Corr
0.66	EBTC	Enterprise Bancorp	Pair Corr
0.71	BANC-PF	Banc of California	Pair Corr
0.69	WSBCP	WesBanco	Pair Corr

Moving against NSTS Stock

0.81	TFC-PO	Truist Financial Earnings Call This Week	Pair Corr
0.8	CFG-PE	Citizens Financial Earnings Call This Week	Pair Corr
0.79	TFC-PR	Truist Financial Earnings Call This Week	Pair Corr
0.76	WF	Woori Financial Group	Pair Corr
0.68	NU	Nu Holdings Aggressive Push	Pair Corr
0.66	KB	KB Financial Group	Pair Corr
0.65	CFG-PH	Citizens Financial Group, Earnings Call This Week	Pair Corr
0.49	TFC-PI	Truist Financial Earnings Call This Week	Pair Corr
0.41	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.34	VABK	Virginia National	Pair Corr
0.75	WAFDP	Washington Federal Earnings Call Tomorrow	Pair Corr
0.67	KEY-PK	KeyCorp	Pair Corr
0.65	KEY-PJ	KeyCorp	Pair Corr
0.65	FRCIL	First Republic Bank	Pair Corr
0.63	FRCCL	First Republic Bank	Pair Corr
0.63	FRCHL	First Republic Bank	Pair Corr
0.46	WAFD	Washington Federal Earnings Call Tomorrow	Pair Corr
0.45	KEY-PI	KeyCorp	Pair Corr
0.31	WMPN	William Penn Bancorp Earnings Call This Week	Pair Corr

Related Correlations Analysis

	OFED	HMNF	HFBL	CIZN	HVBC	MGYR	CULL	CWBC
OFED		-0.34	-0.3	0.72	-0.25	-0.9	0.36	-0.6	OFED
HMNF	-0.34		0.33	-0.62	0.4	0.55	-0.5	0.1	HMNF
HFBL	-0.3	0.33		-0.37	0.13	0.4	-0.2	-0.08	HFBL
CIZN	0.72	-0.62	-0.37		-0.33	-0.79	0.39	-0.43	CIZN
HVBC	-0.25	0.4	0.13	-0.33		0.14	-0.54	-0.16	HVBC
MGYR	-0.9	0.55	0.4	-0.79	0.14		-0.37	0.51	MGYR
CULL	0.36	-0.5	-0.2	0.39	-0.54	-0.37		-0.03	CULL
CWBC	-0.6	0.1	-0.08	-0.43	-0.16	0.51	-0.03		CWBC
	OFED	HMNF	HFBL	CIZN	HVBC	MGYR	CULL	CWBC

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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

CIZN	+ 0.72	OFED
MGYR	+ 0.55	HMNF
CWBC	+ 0.51	MGYR
HVBC	+ 0.4	HMNF
MGYR	+ 0.4	HFBL
CULL	+ 0.39	CIZN

High negative correlations

MGYR	- 0.9	OFED
MGYR	- 0.79	CIZN
CIZN	- 0.62	HMNF
CWBC	- 0.6	OFED
CULL	- 0.54	HVBC
CULL	- 0.5	HMNF

Risk-Adjusted Indicators

There is a big difference between NSTS Stock performing well and NSTS 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 NSTS 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	2.13	(0.23)	0.00	(0.19)	0.00	0.00	3.48	(5.28)	12.66
HMNF	1.88	0.39	0.17	(3.97)	1.85	(2.37)	4.29	(3.19)	13.15
HFBL	1.39	0.04	0.02	0.77	1.99	(2.04)	3.75	(4.31)	12.06
CIZN	0.88	(0.08)	0.00	0.50	0.00	0.00	3.00	(2.14)	6.16
HVBC	1.51	0.34	0.12	(3.41)	2.03	(1.59)	2.68	(4.11)	18.63
MGYR	1.05	0.25	0.20	4.00	0.93	(1.38)	2.61	(2.25)	10.51
CULL	0.51	(0.12)	0.00	3.06	0.00	0.00	1.18	(1.64)	4.73
CWBC	1.06	(0.01)	0.00	(0.03)	0.00	0.00	2.53	(2.11)	11.26

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