Metropolitan Bank Related Correlations

MCB Stock  USD 38.05  1.85  5.11%   
Generate correlation matrix for Metropolitan Bank and other related equities to check the degree to which Metropolitan Bank Holding price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Metropolitan Bank Holding. To filter out specific equities, please toggle its corresponding legend item. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Metropolitan Bank Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
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Is Metropolitan Bank's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Metropolitan Bank. If investors know Metropolitan will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Metropolitan Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.12)
Earnings Share
6.91
Revenue Per Share
21.56
Quarterly Revenue Growth
(0.16)
Return On Assets
0.0116
The market value of Metropolitan Bank Holding is measured differently than its book value, which is the value of Metropolitan that is recorded on the company's balance sheet. Investors also form their own opinion of Metropolitan Bank's value that differs from its market value or its book value, called intrinsic value, which is Metropolitan Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Metropolitan Bank's market value can be influenced by many factors that don't directly affect Metropolitan Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Metropolitan Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Metropolitan Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Metropolitan Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

MBIN
MCBC
AX
RF-PC
RF-PE
RF-PB
MBIN
0.330.470.210.330.21
MBIN
MCBC
0.330.83-0.73-0.55-0.77
MCBC
AX
0.470.83-0.39-0.26-0.48
AX
RF-PC
0.21-0.73-0.390.840.91
RF-PC
RF-PE
0.33-0.55-0.260.840.88
RF-PE
RF-PB
0.21-0.77-0.480.910.88
RF-PB
MBIN
MCBC
AX
RF-PC
RF-PE
RF-PB
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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   
RF-PBRF-PC
RF-PBRF-PE
RF-PERF-PC
AXMCBC
AXMBIN
MCBCMBIN
  
High negative correlations   
RF-PBMCBC
RF-PCMCBC
RF-PEMCBC
RF-PBAX
RF-PCAX
RF-PEAX

Risk-Adjusted Indicators

There is a big difference between Metropolitan Stock performing well and Metropolitan 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 Metropolitan 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.