Bayfirst Financial Correlations

BAFN Stock

USD 14.75 0.02 0.14%

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

Bayfirst Financial Correlation With Market

Good diversification

The correlation between Bayfirst Financial Corp and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bayfirst Financial Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Bayfirst Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bayfirst Financial Corp. 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 against Bayfirst Stock

0.47	WF	Woori Financial Group	Pair Corr
0.46	MGYR	Magyar Bancorp	Pair Corr
0.41	RF	Regions Financial Normal Trading	Pair Corr
0.4	MBIN	Merchants Bancorp Earnings Call This Week	Pair Corr
0.4	KB	KB Financial Group	Pair Corr
0.37	AX	Axos Financial Earnings Call This Week	Pair Corr
0.37	RF-PE	Regions Financial	Pair Corr
0.36	DB	Deutsche Bank AG Earnings Call Tomorrow	Pair Corr
0.36	VBTX	Veritex Holdings	Pair Corr
0.35	RF-PC	Regions Financial	Pair Corr
0.34	MBWM	Mercantile Bank	Pair Corr
0.33	TECTP	Tectonic Financial	Pair Corr
0.31	RF-PF	Regions Financial	Pair Corr
0.31	NU	Nu Holdings	Pair Corr
0.45	MBINM	Merchants Bancorp Earnings Call This Week	Pair Corr
0.45	MVBF	MVB Financial Corp Earnings Call This Week	Pair Corr
0.41	WAL-PA	Western Alliance Ban	Pair Corr
0.37	EBTC	Enterprise Bancorp	Pair Corr
0.34	EFSC	Enterprise Financial	Pair Corr

Related Correlations Analysis

	AFBI	BCAL	AUBN	BCML	CWBC	CULL	OBT	FNWD	BPRN
AFBI		0.5	0.37	0.51	0.23	0.0	0.48	-0.29	0.38	AFBI
BCAL	0.5		0.65	0.91	0.61	0.0	0.87	-0.63	0.78	BCAL
AUBN	0.37	0.65		0.62	0.86	0.0	0.5	-0.93	0.32	AUBN
BCML	0.51	0.91	0.62		0.64	0.0	0.7	-0.62	0.66	BCML
CWBC	0.23	0.61	0.86	0.64		0.0	0.54	-0.78	0.43	CWBC
CULL	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CULL
OBT	0.48	0.87	0.5	0.7	0.54	0.0		-0.4	0.89	OBT
FNWD	-0.29	-0.63	-0.93	-0.62	-0.78	0.0	-0.4		-0.28	FNWD
BPRN	0.38	0.78	0.32	0.66	0.43	0.0	0.89	-0.28		BPRN
	AFBI	BCAL	AUBN	BCML	CWBC	CULL	OBT	FNWD	BPRN

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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

BCML	+ 0.91	BCAL
BPRN	+ 0.89	OBT
OBT	+ 0.87	BCAL
CWBC	+ 0.86	AUBN
BPRN	+ 0.78	BCAL
OBT	+ 0.7	BCML

High negative correlations

FNWD	- 0.93	AUBN
FNWD	- 0.78	CWBC
FNWD	- 0.63	BCAL
FNWD	- 0.62	BCML
FNWD	- 0.4	OBT
FNWD	- 0.29	AFBI

Risk-Adjusted Indicators

There is a big difference between Bayfirst Stock performing well and Bayfirst Financial 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 Bayfirst Financial'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
AFBI	0.50	0.04	(0.21)	(0.18)	0.74	(0.55)	0.93	(1.39)	4.19
BCAL	1.29	0.10	0.09	0.29	1.09	(1.49)	2.61	(1.83)	10.27
AUBN	2.03	0.54	0.15	4.80	1.71	(2.69)	5.57	(3.24)	13.79
BCML	1.23	0.01	(0.04)	0.22	1.16	(1.43)	2.52	(2.05)	5.61
CWBC	1.18	0.17	0.19	0.35	0.66	(1.43)	3.23	(1.38)	8.56
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OBT	1.76	0.05	0.05	0.25	1.78	(1.95)	4.05	(2.76)	15.51
FNWD	0.81	(0.16)	0.00	(8.18)	0.00	0.00	1.88	(2.10)	5.91
BPRN	1.57	0.04	0.00	0.25	1.64	(1.73)	3.21	(3.03)	9.53

Bayfirst Financial Corporate Management

Thomas Quale	Market VP	Profile
Nickolas Smith	Executive Officer	Profile
Nick Smith	Executive Officer	Profile
Rhonda CPA	Principal Officer	Profile
Anthony JD	CEO Director	Profile

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