Tompkins Financial Correlations

Stocks . USA . 
Stock . Tompkins Financial
TMP Stock  USD 68.77  4.87  6.61%   
The current 90-days correlation between Tompkins Financial and Luther Burbank is -0.17 (i.e., Good diversification). The correlation of Tompkins Financial 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.

Tompkins Financial Correlation With Market

Poor diversification

The correlation between Tompkins Financial and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tompkins Financial and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tompkins Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Tompkins Stock, please use our How to Invest in Tompkins Financial guide.

Moving together with Tompkins Stock

  0.93AX Axos FinancialPairCorr
  0.92BY Byline Bancorp Fiscal Year End 23rd of January 2025 PairCorr
  0.93PB Prosperity Bancshares Fiscal Year End 22nd of January 2025 PairCorr
  0.92RF Regions Financial Fiscal Year End 17th of January 2025 PairCorr
  0.73VBFC Village BankPairCorr
  0.89VBNK VersaBankPairCorr
  0.91VBTX Veritex Holdings Fiscal Year End 28th of January 2025 PairCorr
  0.82TECTP Tectonic FinancialPairCorr
  0.88EBMT Eagle Bancorp Montana Fiscal Year End 28th of January 2025 PairCorr
  0.84EBTC Enterprise BancorpPairCorr
  0.71ECBK ECB BancorpPairCorr
  0.93EFSC Enterprise Financial Fiscal Year End 27th of January 2025 PairCorr
  0.94EGBN Eagle Bancorp Fiscal Year End 22nd of January 2025 PairCorr
  0.75KEY-PL KeyCorpPairCorr
  0.96WABC Westamerica Bancorporation Fiscal Year End 16th of January 2025 PairCorr
  0.68WAFD Washington FederalPairCorr
  0.87WASH Washington Trust Bancorp Fiscal Year End 22nd of January 2025 PairCorr
  0.8BANC-PF Banc of CaliforniaPairCorr
  0.92EQBK Equity Bancshares, Fiscal Year End 22nd of January 2025 PairCorr
  0.86ESSA ESSA BancorpPairCorr
  0.9EVBN Evans BancorpPairCorr
  0.87WSBCP WesBancoPairCorr
  0.89WMPN William Penn BancorpPairCorr
  0.81WNEB Western New England Fiscal Year End 28th of January 2025 PairCorr

Moving against Tompkins Stock

  0.85CFG-PE Citizens FinancialPairCorr
  0.78TFC-PR Truist FinancialPairCorr
  0.73TFC-PO Truist FinancialPairCorr
  0.54WF Woori Financial GroupPairCorr
  0.34NU Nu HoldingsPairCorr
  0.79WAFDP Washington FederalPairCorr
  0.63FRCIL First Republic BankPairCorr
  0.5FRCHL First Republic BankPairCorr
  0.49FRCCL First Republic BankPairCorr
  0.49FRCKL First Republic BankPairCorr
  0.49FRCML First Republic BankPairCorr
  0.44FRCLL First Republic BankPairCorr
  0.38KEY-PI KeyCorpPairCorr

Related Correlations Analysis

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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   
GSBC
+ 0.9
SRCE
GSBC
+ 0.87
PWOD
CWBC
+ 0.83
GSBC
CWBC
+ 0.81
PWOD
SRCE
+ 0.75
PWOD
CWBC
+ 0.7
SRCE
  
High negative correlations   
HVBC
- 0.54
TCBC
TCBC
- 0.49
LBC
TCBC
- 0.29
GSBC
PTRS
- 0.26
HVBC
HVBC
- 0.23
WSBF
TCBC
- 0.21
PWOD

Risk-Adjusted Indicators

There is a big difference between Tompkins Stock performing well and Tompkins Financial 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 Tompkins Financial'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PWOD  1.49  0.49  0.26  0.47  1.50 
(1.78)
 5.05 
(2.69)
 11.49 
LBC  2.06  0.13  0.04 (0.23) 2.16 
(2.32)
 5.04 
(3.88)
 10.73 
SRCE  1.37 (0.04)(0.01) 0.00  1.76 
(1.57)
 2.87 
(3.50)
 15.84 
GSBC  1.56  0.06  0.04  0.05  2.07 
(1.59)
 3.41 
(3.40)
 19.09 
WSBF  1.27 (0.05) 0.00  1.54  0.00 
 0.00 
 2.56 
(2.67)
 15.80 
TCBC  0.86  0.00 (0.02) 0.02  1.02 
(1.14)
 2.10 
(1.99)
 5.24 
HFBL  1.69  0.03  0.01  0.08  2.48 
(2.58)
 4.70 
(4.49)
 17.43 
HVBC  1.51  0.33  0.11  0.73  2.03 
(1.59)
 2.68 
(4.11)
 18.63 
PTRS  2.10 (0.07) 0.00  0.21  0.00 
 0.00 
 4.94 
(4.32)
 21.25 
CWBC  1.03  0.05  0.03  0.18  1.23 
(1.12)
 2.53 
(2.16)
 9.14 

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