Dime Community Correlations

DCOMP Preferred Stock

USD 20.10 0.40 1.95%

The current 90-days correlation between Dime Community Bancshares and OceanFirst Financial Corp is -0.1 (i.e., Good diversification). The correlation of Dime Community 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.

Dime Community Correlation With Market

Modest diversification

The correlation between Dime Community Bancshares and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dime Community Bancshares and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Dime Community could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dime Community 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 Dime Community - 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 Dime Community Bancshares to buy it.

Moving together with Dime Preferred Stock

0.78	DB	Deutsche Bank AG Sell-off Trend	Pair Corr
0.68	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.72	VABK	Virginia National	Pair Corr
0.69	VBFC	Village Bank	Pair Corr
0.69	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.79	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.7	TECTP	Tectonic Financial	Pair Corr
0.69	TFC-PR	Truist Financial	Pair Corr
0.8	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.78	EBTC	Enterprise Bancorp Normal Trading	Pair Corr
0.84	ECBK	ECB Bancorp	Pair Corr
0.76	CFG-PE	Citizens Financial	Pair Corr
0.82	CFG-PH	Citizens Financial Group,	Pair Corr
0.69	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.76	KEY-PI	KeyCorp	Pair Corr
0.81	KEY-PJ	KeyCorp	Pair Corr
0.86	KEY-PK	KeyCorp	Pair Corr
0.78	KEY-PL	KeyCorp	Pair Corr
0.66	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.86	WAFDP	Washington Federal	Pair Corr
0.76	ESSA	ESSA Bancorp	Pair Corr
0.8	TFINP	Triumph Financial	Pair Corr
0.83	EVBN	Evans Bancorp	Pair Corr
0.89	WSBCP	WesBanco	Pair Corr

Moving against Dime Preferred Stock

0.56	FRCIL	First Republic Bank	Pair Corr
0.48	FRCCL	First Republic Bank	Pair Corr
0.48	FRCHL	First Republic Bank	Pair Corr
0.47	WBBW	Westbury Bancorp	Pair Corr
0.47	FRCKL	First Republic Bank	Pair Corr
0.41	FRCLL	First Republic Bank	Pair Corr

Related Correlations Analysis

	FCNCP	FITBO	OCFCP	FITBP	VLYPO
FCNCP		0.96	0.88	0.83	0.9	FCNCP
FITBO	0.96		0.9	0.9	0.94	FITBO
OCFCP	0.88	0.9		0.84	0.82	OCFCP
FITBP	0.83	0.9	0.84		0.91	FITBP
VLYPO	0.9	0.94	0.82	0.91		VLYPO
	FCNCP	FITBO	OCFCP	FITBP	VLYPO

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Risk-Adjusted Indicators

There is a big difference between Dime Preferred Stock performing well and Dime Community 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 Dime Community'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
FCNCP	0.67	0.09	0.01	0.35	0.96	(0.73)	1.27	(1.44)	7.09
FITBO	0.61	0.22	0.14	1.26	0.50	(0.74)	1.46	(1.20)	4.37
OCFCP	0.31	0.02	(0.17)	0.20	0.22	(0.39)	0.89	(0.72)	2.20
FITBP	0.39	0.07	(0.05)	0.58	0.43	(0.41)	0.98	(0.83)	2.87
VLYPO	0.53	0.05	(0.06)	0.32	0.59	(0.57)	1.27	(1.15)	3.28

Be your own money manager

Our tools can tell you how much better you can do entering a position in Dime Community 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.

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Dime Community Corporate Management

Kenneth Mahon	Ex Chairman	Profile
Julie Levy	Ex Officer	Profile
Stuart Lubow	COO Pres	Profile
Conrad Gunther	EVP Officer	Profile
Patricia Esq	Gen VP	Profile
Austin Stonitsch	Ex Officer	Profile
Michael Fegan	Ex Officer	Profile

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