Parkway Acquisition Correlations
| PKKWDelisted Stock | USD 10.79 0.29 2.76% |
The current 90-days correlation between Parkway Acquisition Corp and First Bankers Trustshares is 0.03 (i.e., Significant diversification). The correlation of Parkway Acquisition 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.
Parkway Acquisition Correlation With Market
Good diversification
The correlation between Parkway Acquisition Corp and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Parkway Acquisition Corp and DJI in the same portfolio, assuming nothing else is changed.
Parkway |
The ability to find closely correlated positions to Parkway Acquisition could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Parkway Acquisition when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Parkway Acquisition - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Parkway Acquisition Corp to buy it.
Moving against Parkway OTC Stock
| 0.51 | FITBP | Fifth Third Bancorp | PairCorr |
| 0.4 | VII | 7GC Holdings Symbol Change | PairCorr |
| 0.38 | CIHKY | China Merchants Bank | PairCorr |
| 0.53 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.51 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.48 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.48 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.47 | HD | Home Depot | PairCorr |
| 0.33 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
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
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Risk-Adjusted Indicators
There is a big difference between Parkway OTC Stock performing well and Parkway Acquisition OTC Stock 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 Parkway Acquisition'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FBTT | 0.55 | 0.13 | 0.00 | (2.02) | 0.00 | 2.19 | 7.67 | |||
| GVFF | 0.51 | 0.08 | 0.00 | 1.55 | 0.00 | 2.94 | 9.03 | |||
| FOTB | 0.48 | 0.16 | 0.00 | (1.36) | 0.00 | 1.72 | 6.24 | |||
| CCNB | 0.65 | 0.13 | 0.07 | 0.52 | 0.14 | 1.99 | 4.28 | |||
| PTBS | 1.27 | 0.14 | 0.03 | 0.36 | 1.67 | 3.35 | 12.61 | |||
| APLO | 0.49 | 0.10 | 0.00 | (0.20) | 0.00 | 1.37 | 17.91 | |||
| FBPA | 0.35 | 0.03 | (0.09) | (0.04) | 0.59 | 1.02 | 6.99 | |||
| WVFC | 0.25 | (0.01) | 0.00 | 0.85 | 0.00 | 0.80 | 3.89 | |||
| CBTN | 0.75 | 0.00 | (0.02) | 0.15 | 1.51 | 2.15 | 14.50 | |||
| FSMK | 0.63 | 0.10 | 0.00 | 0.77 | 0.63 | 1.85 | 5.63 |
Parkway Acquisition Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Parkway Acquisition otc stock to make a market-neutral strategy. Peer analysis of Parkway Acquisition could also be used in its relative valuation, which is a method of valuing Parkway Acquisition by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Parkway Acquisition Corporate Management
Elected by the shareholders, the Parkway Acquisition's board of directors comprises two types of representatives: Parkway Acquisition inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Parkway. The board's role is to monitor Parkway Acquisition's management team and ensure that shareholders' interests are well served. Parkway Acquisition'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, Parkway Acquisition's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Beth Worrell | Ex Bank | Profile | |
| Jonathan Kruckow | Ex Bank | Profile | |
| Lynn Murray | Chief Bank | Profile | |
| Greg Edwards | Ex Bank | Profile | |
| Laurie Vaught | Ex CFO | Profile | |
| Rodney Halsey | Ex Bank | Profile | |
| Mary Tabor | Ex Bank | Profile |
Still Interested in Parkway Acquisition Corp?
Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.