Virginia National Correlations

VABK Stock

USD 37.45 1.25 3.45%

The current 90-days correlation between Virginia National and Finward Bancorp is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Virginia National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Virginia National Bankshares moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Virginia National Correlation With Market

Weak diversification

The correlation between Virginia National Bankshares and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virginia National Bankshares 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 Virginia National Bankshares. 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 Virginia Stock

0.64

VBTX

Veritex Holdings

Pair Corr

Moving against Virginia Stock

0.58	VBFC	Village Bank	Pair Corr
0.38	TFC-PR	Truist Financial	Pair Corr
0.34	TECTP	Tectonic Financial	Pair Corr
0.32	DB	Deutsche Bank AG	Pair Corr
0.31	TFC-PO	Truist Financial	Pair Corr
0.48	KEY-PI	KeyCorp	Pair Corr
0.37	KEY-PL	KeyCorp	Pair Corr
0.37	WSBCP	WesBanco	Pair Corr

Related Correlations Analysis

	FNWD	CWBC	FFNW	OVLY	HMNF	OFED	OPOF	CULL	RBKB	CHMG
FNWD		-0.18	0.28	-0.17	0.0	0.0	0.13	0.0	-0.04	-0.28	FNWD
CWBC	-0.18		0.15	0.57	0.0	0.0	-0.49	0.0	-0.39	0.53	CWBC
FFNW	0.28	0.15		-0.02	0.0	0.0	0.08	0.0	0.12	0.16	FFNW
OVLY	-0.17	0.57	-0.02		0.0	0.0	-0.36	0.0	-0.67	0.26	OVLY
HMNF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	HMNF
OFED	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	OFED
OPOF	0.13	-0.49	0.08	-0.36	0.0	0.0		0.0	0.76	0.23	OPOF
CULL	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CULL
RBKB	-0.04	-0.39	0.12	-0.67	0.0	0.0	0.76	0.0		0.27	RBKB
CHMG	-0.28	0.53	0.16	0.26	0.0	0.0	0.23	0.0	0.27		CHMG
	FNWD	CWBC	FFNW	OVLY	HMNF	OFED	OPOF	CULL	RBKB	CHMG

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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

RBKB	+ 0.76	OPOF
OVLY	+ 0.57	CWBC
CHMG	+ 0.53	CWBC
FFNW	+ 0.28	FNWD
CHMG	+ 0.27	RBKB
CHMG	+ 0.26	OVLY

High negative correlations

RBKB	- 0.67	OVLY
OPOF	- 0.49	CWBC
RBKB	- 0.39	CWBC
OPOF	- 0.36	OVLY
CHMG	- 0.28	FNWD
CWBC	- 0.18	FNWD

Risk-Adjusted Indicators

There is a big difference between Virginia Stock performing well and Virginia National 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 Virginia National'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
FNWD	0.99	0.00	0.00	0.00	1.33	(1.00)	2.12	(1.67)	8.51
CWBC	0.95	(0.11)	0.00	(0.12)	0.00	0.00	2.45	(2.14)	6.01
FFNW	0.97	0.07	0.06	0.14	0.98	(1.14)	1.17	(1.77)	16.29
OVLY	1.40	(0.09)	0.00	(0.12)	0.00	0.00	2.97	(2.90)	11.49
HMNF	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
OPOF	0.97	0.39	0.45	1.27	0.18	(1.24)	2.16	(1.21)	10.44
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RBKB	0.54	0.10	0.11	0.39	0.64	(0.61)	1.26	(1.35)	4.39
CHMG	1.27	(0.07)	0.00	(0.12)	0.00	0.00	2.71	(2.45)	19.55

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