Bank of Utica Correlations
| BKUT Stock | USD 426.00 0.00 0.00% |
The current 90-days correlation between Bank of Utica and First Ottawa Bancshares is -0.05 (i.e., Good diversification). The correlation of Bank of Utica 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Bank of Utica Correlation With Market
Significant diversification
The correlation between Bank of Utica and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bank of Utica and DJI in the same portfolio, assuming nothing else is changed.
Bank |
The ability to find closely correlated positions to Bank of Utica could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of Utica when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bank of Utica - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bank of Utica to buy it.
Moving together with Bank Pink Sheet
| 0.61 | AVAL | Grupo Aval | PairCorr |
| 0.86 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.75 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.65 | BA | Boeing Sell-off Trend | PairCorr |
| 0.87 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.87 | MSFT | Microsoft Aggressive Push | PairCorr |
Moving against Bank Pink Sheet
| 0.84 | BBDC4 | Banco Bradesco SA | PairCorr |
| 0.78 | FITBP | Fifth Third Bancorp | PairCorr |
| 0.77 | SHG | Shinhan Financial | PairCorr |
| 0.77 | BAC-PL | Bank of America | PairCorr |
| 0.74 | WFC-PL | Wells Fargo | PairCorr |
| 0.69 | BCH | Banco De Chile | PairCorr |
| 0.65 | BBAS3 | Banco do Brasil | PairCorr |
| 0.65 | WF | Woori Financial Group | PairCorr |
| 0.52 | KB | KB Financial Group | PairCorr |
| 0.41 | ITCL | Banco Ita Chile | PairCorr |
| 0.31 | BNPQY | BNP Paribas SA | PairCorr |
| 0.88 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.87 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.87 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.79 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.66 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.64 | PG | Procter Gamble | PairCorr |
| 0.57 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.53 | PFE | Pfizer Inc Sell-off Trend | PairCorr |
| 0.51 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.49 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.45 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.39 | VZ | Verizon Communications Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Bank Pink Sheet performing well and Bank of Utica 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 Bank of Utica'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GVFF | 1.07 | 0.13 | 0.00 | 0.76 | 0.00 | 5.34 | 16.86 | |||
| FOTB | 0.35 | 0.12 | 0.00 | (1.05) | 0.00 | 1.36 | 4.84 | |||
| CCNB | 0.57 | 0.14 | 0.02 | 22.24 | 0.30 | 1.56 | 7.41 | |||
| FBTT | 0.88 | 0.11 | 0.00 | 11.50 | 1.00 | 3.29 | 11.64 | |||
| NODB | 0.22 | 0.02 | (0.08) | 3.94 | 0.35 | 0.66 | 3.90 | |||
| CIWV | 0.95 | 0.14 | 0.00 | (0.70) | 1.38 | 2.58 | 15.39 | |||
| PTBS | 1.19 | 0.10 | (0.01) | 11.01 | 1.64 | 3.07 | 9.71 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bank of Utica without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Bank of Utica Corporate Management
| Marie Bord | VP COO | Profile | |
| Brian Loughlin | Exec Banking | Profile | |
| Tom Sinnott | Pres CEO | Profile | |
| David Lashure | VP Mang | Profile |