Richmond Mutual Correlations

RMBI Stock

USD 14.88 0.56 3.91%

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

Richmond Mutual Correlation With Market

Average diversification

The correlation between Richmond Mutual Bancorp. and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Richmond Mutual 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 Richmond Mutual Bancorporation. 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.

Moving together with Richmond Stock

0.73	AX	Axos Financial	Pair Corr
0.71	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.8	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.84	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.83	VBNK	VersaBank Normal Trading	Pair Corr
0.82	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.71	TECTP	Tectonic Financial	Pair Corr
0.8	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.77	EBTC	Enterprise Bancorp	Pair Corr
0.76	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.77	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.61	KEY-PK	KeyCorp	Pair Corr
0.66	KEY-PL	KeyCorp	Pair Corr
0.7	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.67	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.66	BANC-PF	Banc of California	Pair Corr
0.8	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.76	ESSA	ESSA Bancorp	Pair Corr
0.82	EVBN	Evans Bancorp	Pair Corr
0.77	WSBCP	WesBanco	Pair Corr

Moving against Richmond Stock

0.53	TFC-PO	Truist Financial	Pair Corr
0.47	TFC-PR	Truist Financial	Pair Corr
0.47	CFG-PE	Citizens Financial	Pair Corr
0.55	FRCIL	First Republic Bank	Pair Corr
0.49	FRCCL	First Republic Bank	Pair Corr
0.49	FRCHL	First Republic Bank	Pair Corr

Related Correlations Analysis

	RBKB	HMNF	MGYR	CWBC	FFNW	HFBL	LSBK	OVLY	CULL	ISTR
RBKB		0.41	0.59	0.04	-0.22	0.19	0.75	0.62	-0.43	0.75	RBKB
HMNF	0.41		0.59	0.47	0.03	-0.15	0.26	0.57	-0.5	0.62	HMNF
MGYR	0.59	0.59		0.72	-0.16	0.08	0.4	0.8	-0.61	0.74	MGYR
CWBC	0.04	0.47	0.72		-0.08	-0.04	-0.04	0.69	-0.31	0.49	CWBC
FFNW	-0.22	0.03	-0.16	-0.08		-0.03	-0.35	-0.21	-0.07	-0.22	FFNW
HFBL	0.19	-0.15	0.08	-0.04	-0.03		0.23	0.1	-0.11	0.15	HFBL
LSBK	0.75	0.26	0.4	-0.04	-0.35	0.23		0.52	-0.3	0.65	LSBK
OVLY	0.62	0.57	0.8	0.69	-0.21	0.1	0.52		-0.49	0.93	OVLY
CULL	-0.43	-0.5	-0.61	-0.31	-0.07	-0.11	-0.3	-0.49		-0.47	CULL
ISTR	0.75	0.62	0.74	0.49	-0.22	0.15	0.65	0.93	-0.47		ISTR
	RBKB	HMNF	MGYR	CWBC	FFNW	HFBL	LSBK	OVLY	CULL	ISTR

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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

ISTR	+ 0.93	OVLY
OVLY	+ 0.8	MGYR
LSBK	+ 0.75	RBKB
ISTR	+ 0.75	RBKB
ISTR	+ 0.74	MGYR
CWBC	+ 0.72	MGYR

High negative correlations

CULL	- 0.61	MGYR
CULL	- 0.5	HMNF
CULL	- 0.49	OVLY
ISTR	- 0.47	CULL
CULL	- 0.43	RBKB
LSBK	- 0.35	FFNW

Risk-Adjusted Indicators

There is a big difference between Richmond Stock performing well and Richmond Mutual 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 Richmond Mutual'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
RBKB	1.24	0.30	0.15	1.08	1.05	(1.61)	4.15	(2.65)	9.98
HMNF	1.88	0.37	0.11	2.26	1.85	(2.37)	4.29	(3.19)	13.15
MGYR	0.71	0.20	0.11	1.49	0.43	(0.89)	1.90	(1.22)	3.88
CWBC	1.03	(0.03)	0.00	0.10	1.12	(1.13)	2.53	(2.16)	9.14
FFNW	0.59	(0.06)	0.00	(0.05)	0.00	0.00	1.36	(1.13)	4.32
HFBL	1.56	(0.17)	0.00	(0.27)	0.00	0.00	3.75	(4.31)	17.43
LSBK	1.18	0.07	(0.01)	0.39	1.36	(1.62)	3.69	(3.23)	8.64
OVLY	1.67	0.02	0.07	0.14	1.51	(2.14)	4.78	(2.77)	11.90
CULL	0.51	(0.10)	0.00	0.74	0.00	0.00	1.18	(1.64)	4.73
ISTR	1.48	0.17	0.17	0.22	1.17	(1.69)	3.41	(2.50)	17.09

Richmond Mutual Corporate Management

Bradley Glover	Controller VP	Profile
Lynette Lafuse	Senior Compliance	Profile
Clayton Judd	Senior Resources	Profile
Beth Brittenham	Senior Richmond	Profile
Albert Fullerton	Chief VP	Profile
Pamela Stoops	Senior Richmond	Profile

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