Ames National Correlations

ATLO Stock

USD 18.65 0.34 1.86%

The current 90-days correlation between Ames National and National Bankshares is 0.55 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ames National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ames National moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Ames National Correlation With Market

Weak diversification

The correlation between Ames National and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ames National and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ames Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ames National. 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 economic analysis.

To learn how to invest in Ames Stock, please use our How to Invest in Ames National guide.

Moving together with Ames Stock

0.89	AX	Axos Financial Earnings Call This Week	Pair Corr
0.82	BY	Byline Bancorp Earnings Call Today	Pair Corr
0.8	DB	Deutsche Bank AG Earnings Call Today	Pair Corr
0.78	KB	KB Financial Group	Pair Corr
0.62	NU	Nu Holdings	Pair Corr
0.78	PB	Prosperity Bancshares	Pair Corr
0.88	RF	Regions Financial Normal Trading	Pair Corr
0.82	WF	Woori Financial Group	Pair Corr
0.7	VABK	Virginia National	Pair Corr
0.78	VBTX	Veritex Holdings	Pair Corr
0.71	TECTP	Tectonic Financial	Pair Corr
0.81	TFC-PO	Truist Financial	Pair Corr
0.7	TFC-PR	Truist Financial	Pair Corr
0.76	CFG-PE	Citizens Financial	Pair Corr
0.73	CFG-PH	Citizens Financial Group,	Pair Corr
0.85	EFSC	Enterprise Financial	Pair Corr
0.66	KEY-PJ	KeyCorp	Pair Corr
0.73	KEY-PK	KeyCorp	Pair Corr
0.73	KEY-PL	KeyCorp	Pair Corr
0.7	WABC	Westamerica Bancorporation	Pair Corr
0.8	WAFD	Washington Federal	Pair Corr
0.69	WASH	Washington Trust Bancorp	Pair Corr
0.7	BANC-PF	Banc of California	Pair Corr
0.77	EQBK	Equity Bancshares,	Pair Corr
0.84	ESSA	ESSA Bancorp	Pair Corr
0.68	TFINP	Triumph Financial	Pair Corr
0.87	EWBC	East West Bancorp	Pair Corr
0.8	WSBCP	WesBanco	Pair Corr
0.75	WNEB	Western New England	Pair Corr
0.81	WSBF	Waterstone Financial Normal Trading	Pair Corr

Moving against Ames Stock

0.42

TFC-PI

Truist Financial

Pair Corr

Related Correlations Analysis

	NKSH	BAFN	AFBI	COFS	AUBN	BMRC	AROW	CFFI
NKSH		-0.33	0.51	0.6	0.86	0.97	0.85	0.25	NKSH
BAFN	-0.33		-0.16	0.04	-0.46	-0.3	-0.15	0.42	BAFN
AFBI	0.51	-0.16		0.19	0.55	0.5	0.42	0.23	AFBI
COFS	0.6	0.04	0.19		0.38	0.58	0.87	0.53	COFS
AUBN	0.86	-0.46	0.55	0.38		0.86	0.66	0.06	AUBN
BMRC	0.97	-0.3	0.5	0.58	0.86		0.83	0.23	BMRC
AROW	0.85	-0.15	0.42	0.87	0.66	0.83		0.39	AROW
CFFI	0.25	0.42	0.23	0.53	0.06	0.23	0.39		CFFI
	NKSH	BAFN	AFBI	COFS	AUBN	BMRC	AROW	CFFI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

BMRC	+ 0.97	NKSH
AROW	+ 0.87	COFS
AUBN	+ 0.86	NKSH
BMRC	+ 0.86	AUBN
AROW	+ 0.85	NKSH
AROW	+ 0.83	BMRC

High negative correlations

AUBN	- 0.46	BAFN
BAFN	- 0.33	NKSH
BMRC	- 0.3	BAFN
AFBI	- 0.16	BAFN
AROW	- 0.15	BAFN

Risk-Adjusted Indicators

There is a big difference between Ames Stock performing well and Ames 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 Ames 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
NKSH	1.47	0.08	0.05	0.28	1.42	(1.72)	3.91	(2.86)	8.86
BAFN	2.13	0.20	(0.01)	(0.95)	2.90	(2.24)	5.44	(3.91)	21.48
AFBI	0.55	0.01	(0.17)	0.33	0.80	(0.60)	1.26	(1.42)	4.56
COFS	1.12	(0.06)	(0.01)	0.16	1.28	(1.22)	2.87	(2.17)	7.50
AUBN	2.03	0.54	0.15	4.80	1.71	(2.69)	5.57	(3.24)	13.79
BMRC	1.43	0.05	0.08	0.25	1.06	(1.82)	3.95	(2.27)	8.10
AROW	1.32	(0.03)	0.00	0.18	1.31	(1.57)	2.85	(2.28)	7.22
CFFI	1.73	0.06	0.02	0.27	1.70	(2.10)	4.45	(3.13)	10.33

Ames National Corporate Management

Justin Clausen	Chief Officer	Profile
Michael Wilson	Executive Officer	Profile
Lori Hill	Valuation Officer	Profile
Buffy Clatt	VP Director	Profile
Jennifer Hanson	VP Director	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC