Rhinebeck Bancorp Correlations

RBKB Stock

USD 10.49 0.08 0.77%

The current 90-days correlation between Rhinebeck Bancorp and Home Federal Bancorp is 0.11 (i.e., Average diversification). The correlation of Rhinebeck 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.

Rhinebeck Bancorp Correlation With Market

Very weak diversification

The correlation between Rhinebeck Bancorp and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rhinebeck 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 Rhinebeck 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 industry.

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

Moving together with Rhinebeck Stock

0.95	DB	Deutsche Bank AG	Pair Corr
0.7	VBFC	Village Bank	Pair Corr
0.88	TECTP	Tectonic Financial	Pair Corr
0.74	TFC-PO	Truist Financial	Pair Corr
0.63	TFC-PR	Truist Financial	Pair Corr
0.64	EBMT	Eagle Bancorp Montana	Pair Corr
0.65	CFG-PH	Citizens Financial Group,	Pair Corr
0.81	KEY-PI	KeyCorp	Pair Corr
0.68	KEY-PJ	KeyCorp	Pair Corr
0.63	KEY-PK	KeyCorp	Pair Corr
0.79	KEY-PL	KeyCorp	Pair Corr
0.87	BANC-PF	Banc of California	Pair Corr
0.86	WSBCP	WesBanco	Pair Corr

Moving against Rhinebeck Stock

0.76	VBNK	VersaBank	Pair Corr
0.71	AX	Axos Financial	Pair Corr
0.62	VBTX	Veritex Holdings	Pair Corr
0.59	RF	Regions Financial	Pair Corr
0.54	KB	KB Financial Group	Pair Corr
0.48	BY	Byline Bancorp	Pair Corr
0.41	VABK	Virginia National	Pair Corr
0.37	PB	Prosperity Bancshares	Pair Corr
0.85	WAFD	Washington Federal	Pair Corr
0.76	WAFDP	Washington Federal	Pair Corr
0.72	EGBN	Eagle Bancorp	Pair Corr
0.69	EFSI	Eagle Financial Services	Pair Corr
0.61	EVBN	Evans Bancorp	Pair Corr
0.46	WMPN	William Penn Bancorp	Pair Corr
0.43	TFINP	Triumph Financial	Pair Corr
0.41	EQBK	Equity Bancshares,	Pair Corr
0.31	WABC	Westamerica Bancorporation	Pair Corr

Related Correlations Analysis

	HFBL	CWBC	HVBC	OFED	CULL	HMNF	MGYR	FFNW	FCCO	FNWB
HFBL		-0.25	0.0	0.0	0.0	0.0	0.27	-0.24	0.17	0.31	HFBL
CWBC	-0.25		0.0	0.0	0.0	0.0	0.2	0.22	0.61	0.21	CWBC
HVBC	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	HVBC
OFED	0.0	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	0.0	CULL
HMNF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	HMNF
MGYR	0.27	0.2	0.0	0.0	0.0	0.0		0.1	0.27	0.33	MGYR
FFNW	-0.24	0.22	0.0	0.0	0.0	0.0	0.1		0.1	0.04	FFNW
FCCO	0.17	0.61	0.0	0.0	0.0	0.0	0.27	0.1		0.75	FCCO
FNWB	0.31	0.21	0.0	0.0	0.0	0.0	0.33	0.04	0.75		FNWB
	HFBL	CWBC	HVBC	OFED	CULL	HMNF	MGYR	FFNW	FCCO	FNWB

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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

FNWB	+ 0.75	FCCO
FCCO	+ 0.61	CWBC
FNWB	+ 0.33	MGYR
FNWB	+ 0.31	HFBL
MGYR	+ 0.27	HFBL
FCCO	+ 0.27	MGYR

High negative correlations

CWBC	- 0.25	HFBL
FFNW	- 0.24	HFBL
FNWB	- 0.0	HMNF
FCCO	- 0.0	HMNF
FFNW	- 0.0	HMNF
MGYR	- 0.0	HMNF

Risk-Adjusted Indicators

There is a big difference between Rhinebeck Stock performing well and Rhinebeck 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 Rhinebeck 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
HFBL	1.61	0.16	0.07	0.48	2.06	(2.10)	5.67	(4.53)	13.32
CWBC	0.99	(0.21)	0.00	(0.33)	0.00	0.00	2.28	(2.17)	6.01
HVBC	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
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MGYR	1.10	0.03	0.04	0.00	1.45	(1.35)	2.98	(2.68)	6.74
FFNW	0.98	0.05	0.10	(4.29)	1.01	(1.14)	1.17	(1.77)	16.29
FCCO	1.31	(0.15)	0.00	(0.21)	0.00	0.00	3.41	(3.73)	10.26
FNWB	1.20	0.00	0.00	(0.07)	0.00	0.00	2.68	(2.76)	9.99

Rhinebeck Bancorp Corporate Management

Timmian Massie	Chief Officer	Profile
Dawn Scherer	Senior Technology	Profile
Jeanine Borko	Senior Resources	Profile
Jamie Bloom	COO VP	Profile
Richard Kolosky	Senior West	Profile
Mark Malone	Chief Officer	Profile
Michael McDermott	CFO VP	Profile

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