Village Bank Correlations

VBFC Stock

USD 80.15 0.12 0.15%

The correlation of Village Bank 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.

Village Bank Correlation With Market

Good diversification

The correlation between Village Bank and and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Village Bank and 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 Village Bank and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Village Stock

0.74	DB	Deutsche Bank AG	Pair Corr
0.7	TECTP	Tectonic Financial	Pair Corr
0.62	KEY-PI	KeyCorp	Pair Corr

Moving against Village Stock

0.85	AX	Axos Financial	Pair Corr
0.85	VBTX	Veritex Holdings	Pair Corr
0.79	BY	Byline Bancorp	Pair Corr
0.78	VBNK	VersaBank	Pair Corr
0.73	RF	Regions Financial	Pair Corr
0.7	VABK	Virginia National	Pair Corr
0.65	PB	Prosperity Bancshares	Pair Corr
0.58	KB	KB Financial Group	Pair Corr
0.33	EBTC	Enterprise Bancorp	Pair Corr
0.88	EGBN	Eagle Bancorp	Pair Corr
0.81	EVBN	Evans Bancorp	Pair Corr
0.75	WMPN	William Penn Bancorp	Pair Corr
0.74	WAFD	Washington Federal	Pair Corr
0.74	EQBK	Equity Bancshares,	Pair Corr
0.74	WAFDP	Washington Federal	Pair Corr
0.61	WABC	Westamerica Bancorporation	Pair Corr
0.61	TFINP	Triumph Financial	Pair Corr
0.49	WASH	Washington Trust Bancorp	Pair Corr
0.47	EFSI	Eagle Financial Services	Pair Corr
0.32	WNEB	Western New England	Pair Corr

Related Correlations Analysis

	OFED	PMHG	WMPN	PBHC	HVBC	HMNF	MGYR	CULL	HFBL	CWBC
OFED		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	OFED
PMHG	0.0		-0.17	0.52	0.0	0.0	0.17	0.0	-0.35	0.25	PMHG
WMPN	0.0	-0.17		0.27	0.0	0.0	0.17	0.0	-0.01	0.75	WMPN
PBHC	0.0	0.52	0.27		0.0	0.0	0.38	0.0	-0.07	0.57	PBHC
HVBC	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	HVBC
HMNF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	HMNF
MGYR	0.0	0.17	0.17	0.38	0.0	0.0		0.0	0.35	0.13	MGYR
CULL	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CULL
HFBL	0.0	-0.35	-0.01	-0.07	0.0	0.0	0.35	0.0		-0.27	HFBL
CWBC	0.0	0.25	0.75	0.57	0.0	0.0	0.13	0.0	-0.27		CWBC
	OFED	PMHG	WMPN	PBHC	HVBC	HMNF	MGYR	CULL	HFBL	CWBC

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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

CWBC	+ 0.75	WMPN
CWBC	+ 0.57	PBHC
PBHC	+ 0.52	PMHG
MGYR	+ 0.38	PBHC
HFBL	+ 0.35	MGYR
PBHC	+ 0.27	WMPN

High negative correlations

HFBL	- 0.35	PMHG
CWBC	- 0.27	HFBL
WMPN	- 0.17	PMHG
HFBL	- 0.07	PBHC
HFBL	- 0.01	WMPN
CWBC	- 0.0	CULL

Risk-Adjusted Indicators

There is a big difference between Village Stock performing well and Village Bank 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 Village Bank'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
OFED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PMHG	1.15	0.01	0.04	(0.10)	1.43	(2.28)	3.54	(3.42)	9.95
WMPN	1.18	(0.21)	0.00	(0.32)	0.00	0.00	2.11	(3.26)	7.70
PBHC	1.13	(0.02)	0.00	(0.10)	0.00	0.00	2.75	(2.92)	8.31
HVBC	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	1.14	0.06	0.06	0.23	1.45	(1.40)	2.98	(2.68)	6.74
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HFBL	1.56	0.11	0.06	0.34	2.04	(2.09)	5.67	(4.53)	13.32
CWBC	0.98	(0.19)	0.00	(0.31)	0.00	0.00	2.28	(2.17)	6.01

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