RBB Bancorp Correlations

RBB Stock

USD 17.36 0.27 1.58%

The current 90-days correlation between RBB Bancorp and OP Bancorp is 0.43 (i.e., Very weak diversification). The correlation of RBB 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.

RBB Bancorp Correlation With Market

Very weak diversification

The correlation between RBB Bancorp and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RBB Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RBB 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 bureau of labor statistics.

For information on how to trade RBB Stock refer to our How to Trade RBB Stock guide.

Moving together with RBB Stock

0.88	AX	Axos Financial	Pair Corr
0.64	BY	Byline Bancorp	Pair Corr
0.63	RF	Regions Financial	Pair Corr
0.79	VABK	Virginia National	Pair Corr
0.72	VBNK	VersaBank	Pair Corr
0.83	VBTX	Veritex Holdings	Pair Corr
0.85	EGBN	Eagle Bancorp	Pair Corr
0.82	WABC	Westamerica Bancorporation	Pair Corr
0.92	WAFD	Washington Federal	Pair Corr
0.64	EQBK	Equity Bancshares,	Pair Corr
0.9	WAFDP	Washington Federal	Pair Corr
0.7	EVBN	Evans Bancorp	Pair Corr

Moving against RBB Stock

0.85	TECTP	Tectonic Financial	Pair Corr
0.82	VBFC	Village Bank	Pair Corr
0.72	KEY-PI	KeyCorp	Pair Corr
0.54	WF	Woori Financial Group	Pair Corr
0.53	TFC-PO	Truist Financial	Pair Corr
0.47	TFC-PR	Truist Financial	Pair Corr
0.4	EBMT	Eagle Bancorp Montana	Pair Corr
0.38	CFG-PH	Citizens Financial Group,	Pair Corr
0.87	FCAP	First Capital	Pair Corr
0.81	OCFCP	OceanFirst Financial Corp	Pair Corr
0.77	WSBCP	WesBanco	Pair Corr
0.73	BANC-PF	Banc of California	Pair Corr
0.66	BANFP	BFC Capital Trust	Pair Corr
0.49	KEY-PL	KeyCorp	Pair Corr
0.37	FBIZ	First Business Financial	Pair Corr

Related Correlations Analysis

	OPBK	HAFC	HOPE	NBN	OFED	CULL	PBFS	HMNF	HFBL
OPBK		0.47	0.93	0.11	0.0	0.0	-0.43	0.0	-0.59	OPBK
HAFC	0.47		0.55	0.6	0.0	0.0	0.33	0.0	-0.06	HAFC
HOPE	0.93	0.55		0.18	0.0	0.0	-0.33	0.0	-0.57	HOPE
NBN	0.11	0.6	0.18		0.0	0.0	0.16	0.0	0.28	NBN
OFED	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	CULL
PBFS	-0.43	0.33	-0.33	0.16	0.0	0.0		0.0	0.26	PBFS
HMNF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	HMNF
HFBL	-0.59	-0.06	-0.57	0.28	0.0	0.0	0.26	0.0		HFBL
	OPBK	HAFC	HOPE	NBN	OFED	CULL	PBFS	HMNF	HFBL

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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

HOPE	+ 0.93	OPBK
NBN	+ 0.6	HAFC
HOPE	+ 0.55	HAFC
HAFC	+ 0.47	OPBK
PBFS	+ 0.33	HAFC
HFBL	+ 0.28	NBN

High negative correlations

HFBL	- 0.59	OPBK
HFBL	- 0.57	HOPE
PBFS	- 0.43	OPBK
PBFS	- 0.33	HOPE
HFBL	- 0.06	HAFC
HFBL	- 0.0	HMNF

Risk-Adjusted Indicators

There is a big difference between RBB Stock performing well and RBB 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 RBB 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
OPBK	1.93	(0.39)	0.00	(0.60)	0.00	0.00	3.72	(4.36)	14.37
HAFC	1.46	(0.12)	0.00	(0.21)	0.00	0.00	2.47	(3.90)	11.30
HOPE	1.28	(0.24)	0.00	(0.33)	0.00	0.00	2.24	(3.61)	8.88
NBN	1.30	0.00	0.00	(0.10)	0.00	0.00	3.03	(2.58)	7.63
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
PBFS	0.91	0.03	0.07	(0.02)	1.13	(1.00)	1.96	(1.82)	5.33
HMNF	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

RBB Bancorp Corporate Management

Lissette Duran	Senior Operations	Profile
Serban Popesco	Senior Officer	Profile
Gary Fan	Executive Officer	Profile
Joyce Gimbert	Senior Operations	Profile
Sophy Chu	Senior Officer	Profile
Doris Yung	Senior Officer	Profile

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