Bayfirst Financial Correlations

BAFN Stock

USD 15.51 0.29 1.84%

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

Modest diversification

The correlation between Bayfirst Financial Corp and DJI is 0.2 (i.e., Modest 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 together with Bayfirst Stock

0.7	MBIN	Merchants Bancorp	Pair Corr
0.66	MBWM	Mercantile Bank	Pair Corr
0.64	BY	Byline Bancorp	Pair Corr
0.82	RF-PC	Regions Financial	Pair Corr
0.83	RF-PE	Regions Financial	Pair Corr
0.88	RF-PF	Regions Financial	Pair Corr
0.61	PB	Prosperity Bancshares	Pair Corr
0.66	RF	Regions Financial Earnings Call Today	Pair Corr
0.62	MGYR	Magyar Bancorp	Pair Corr
0.7	VBTX	Veritex Holdings	Pair Corr
0.89	MBINN	Merchants Bancorp	Pair Corr
0.65	MBINM	Merchants Bancorp	Pair Corr
0.64	MOFG	MidWestOne Financial	Pair Corr
0.85	TFC-PO	Truist Financial	Pair Corr
0.84	TFC-PR	Truist Financial	Pair Corr
0.72	MSBI	Midland States Bancorp	Pair Corr
0.85	WAL-PA	Western Alliance Ban	Pair Corr
0.69	EBTC	Enterprise Bancorp	Pair Corr
0.86	CFG-PE	Citizens Financial	Pair Corr
0.68	CFG-PH	Citizens Financial Group,	Pair Corr
0.73	EFSC	Enterprise Financial	Pair Corr
0.61	EFSI	Eagle Financial Services	Pair Corr

Moving against Bayfirst Stock

0.36	TECTP	Tectonic Financial	Pair Corr
0.34	ECBK	ECB Bancorp	Pair Corr

Related Correlations Analysis

	CULL	HFBL	HMNF	LNKB	HVBC	AFBI	BCML	CWBC	FFNW
CULL		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CULL
HFBL	0.0		0.0	-0.33	0.0	0.33	-0.07	-0.42	0.45	HFBL
HMNF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HMNF
LNKB	0.0	-0.33	0.0		0.0	-0.42	0.72	0.89	-0.48	LNKB
HVBC	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	HVBC
AFBI	0.0	0.33	0.0	-0.42	0.0		-0.46	-0.34	0.43	AFBI
BCML	0.0	-0.07	0.0	0.72	0.0	-0.46		0.61	-0.17	BCML
CWBC	0.0	-0.42	0.0	0.89	0.0	-0.34	0.61		-0.67	CWBC
FFNW	0.0	0.45	0.0	-0.48	0.0	0.43	-0.17	-0.67		FFNW
	CULL	HFBL	HMNF	LNKB	HVBC	AFBI	BCML	CWBC	FFNW

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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	+ 0.89	LNKB
BCML	+ 0.72	LNKB
CWBC	+ 0.61	BCML
FFNW	+ 0.45	HFBL
FFNW	+ 0.43	AFBI
AFBI	+ 0.33	HFBL

High negative correlations

FFNW	- 0.67	CWBC
FFNW	- 0.48	LNKB
BCML	- 0.46	AFBI
AFBI	- 0.42	LNKB
CWBC	- 0.42	HFBL
CWBC	- 0.34	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
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HFBL	1.40	(0.01)	0.00	(0.25)	0.00	0.00	3.49	(3.99)	11.14
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LNKB	1.92	0.08	0.04	0.02	2.27	(2.14)	4.50	(3.58)	12.08
HVBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AFBI	0.86	0.12	0.17	(1.41)	0.99	(1.02)	1.89	(2.01)	7.51
BCML	1.50	(0.03)	0.00	(0.12)	0.00	0.00	2.58	(4.50)	11.55
CWBC	1.17	0.01	0.00	(0.07)	0.00	0.00	3.51	(2.15)	11.18
FFNW	0.82	0.09	0.22	(0.36)	0.72	(1.05)	1.06	(1.56)	16.42

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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