Affinity Bancshares Correlations

AFBI Stock

USD 17.50 0.20 1.13%

The correlation of Affinity Bancshares 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.

Affinity Bancshares Correlation With Market

Weak diversification

The correlation between Affinity Bancshares and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Affinity Bancshares and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Affinity Bancshares. 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.

For more detail on how to invest in Affinity Stock please use our How to Invest in Affinity Bancshares guide.

Moving together with Affinity Stock

0.67	TECTP	Tectonic Financial	Pair Corr
0.76	EBMT	Eagle Bancorp Montana	Pair Corr
0.77	ECBK	ECB Bancorp	Pair Corr
0.62	WSBCP	WesBanco	Pair Corr

Moving against Affinity Stock

0.7	VBNK	VersaBank	Pair Corr
0.7	EFSI	Eagle Financial Services	Pair Corr
0.68	KB	KB Financial Group	Pair Corr
0.63	EGBN	Eagle Bancorp	Pair Corr
0.57	AX	Axos Financial	Pair Corr
0.51	RF	Regions Financial Earnings Call This Week	Pair Corr
0.5	PB	Prosperity Bancshares	Pair Corr
0.43	NU	Nu Holdings	Pair Corr
0.4	BY	Byline Bancorp	Pair Corr
0.39	VBTX	Veritex Holdings	Pair Corr
0.61	WTFC	Wintrust Financial Earnings Call This Week	Pair Corr
0.54	FBNC	First Bancorp	Pair Corr
0.53	WAFDP	Washington Federal	Pair Corr
0.51	WAFD	Washington Federal	Pair Corr
0.49	EWBC	East West Bancorp	Pair Corr
0.46	WMPN	William Penn Bancorp Earnings Call This Week	Pair Corr
0.45	EVBN	Evans Bancorp	Pair Corr
0.44	EQBK	Equity Bancshares, Earnings Call This Week	Pair Corr
0.44	TFINP	Triumph Financial Earnings Call This Week	Pair Corr
0.44	FCBC	First Community Banc	Pair Corr
0.33	WSFS	WSFS Financial	Pair Corr
0.31	WASH	Washington Trust Bancorp	Pair Corr

Related Correlations Analysis

	OFED	HMNF	HFBL	CIZN	HVBC	MGYR	CULL	CWBC
OFED		0.0	0.0	0.0	0.0	0.0	0.0	0.0	OFED
HMNF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HMNF
HFBL	0.0	0.0		0.0	0.0	-0.19	0.0	-0.28	HFBL
CIZN	0.0	0.0	0.0		0.0	0.0	0.0	0.0	CIZN
HVBC	0.0	0.0	0.0	0.0		0.0	0.0	0.0	HVBC
MGYR	0.0	0.0	-0.19	0.0	0.0		0.0	0.66	MGYR
CULL	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CULL
CWBC	0.0	0.0	-0.28	0.0	0.0	0.66	0.0		CWBC
	OFED	HMNF	HFBL	CIZN	HVBC	MGYR	CULL	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	+ 0.66	MGYR
HMNF	+ 0.0	OFED
HFBL	+ 0.0	OFED
CIZN	+ 0.0	OFED
HVBC	+ 0.0	OFED
MGYR	+ 0.0	OFED

High negative correlations

CWBC	- 0.28	HFBL
MGYR	- 0.19	HFBL
CWBC	- 0.0	CULL
CULL	- 0.0	MGYR
CWBC	- 0.0	HVBC
CULL	- 0.0	HVBC

Risk-Adjusted Indicators

There is a big difference between Affinity Stock performing well and Affinity Bancshares 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 Affinity Bancshares' 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
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HFBL	1.54	0.08	0.06	(0.38)	2.13	(1.93)	4.75	(4.53)	13.32
CIZN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HVBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MGYR	1.02	(0.04)	0.00	(6.82)	0.00	0.00	2.76	(2.62)	6.74
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CWBC	1.17	(0.16)	0.00	(0.29)	0.00	0.00	2.48	(2.99)	11.21

Affinity Bancshares Corporate Management

CPA CPA	CEO Director	Profile
Robert Vickers	Senior Officer	Profile
Nancy Mask	VP Eastside	Profile
Clark Nelson	Executive Officer	Profile
Jacqueline Lyle	Vice Compliance	Profile
Elizabeth Galazka	Executive Lending	Profile

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