LINKBANCORP Correlations

LNKB Stock

USD 7.32 0.14 1.88%

The current 90-days correlation between LINKBANCORP and Affinity Bancshares is 0.13 (i.e., Average diversification). The correlation of LINKBANCORP 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.

LINKBANCORP Correlation With Market

Very weak diversification

The correlation between LINKBANCORP and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LINKBANCORP and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with LINKBANCORP Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LINKBANCORP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For information on how to trade LINKBANCORP Stock refer to our How to Trade LINKBANCORP Stock guide.

Moving together with LINKBANCORP Stock

0.92	AX	Axos Financial Earnings Call This Week	Pair Corr
0.9	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.85	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.8	KB	KB Financial Group Earnings Call Today	Pair Corr
0.87	NU	Nu Holdings Aggressive Push	Pair Corr
0.91	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.92	RF	Regions Financial Buyout Trend	Pair Corr
0.81	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.76	VABK	Virginia National	Pair Corr
0.82	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.76	TECTP	Tectonic Financial	Pair Corr
0.85	TFC-PO	Truist Financial	Pair Corr
0.77	TFC-PR	Truist Financial	Pair Corr
0.84	CFG-PE	Citizens Financial	Pair Corr
0.82	CFG-PH	Citizens Financial Group,	Pair Corr
0.92	EFSC	Enterprise Financial Earnings Call Today	Pair Corr
0.67	KEY-PI	KeyCorp Earnings Call Tomorrow	Pair Corr
0.73	KEY-PJ	KeyCorp Earnings Call Tomorrow	Pair Corr
0.79	KEY-PK	KeyCorp Earnings Call Tomorrow	Pair Corr
0.76	KEY-PL	KeyCorp Earnings Call Tomorrow	Pair Corr
0.82	WABC	Westamerica Bancorporation	Pair Corr
0.91	WAFD	Washington Federal	Pair Corr
0.8	WASH	Washington Trust Bancorp Earnings Call Today	Pair Corr
0.71	BANC-PF	Banc of California Earnings Call Today	Pair Corr
0.92	EQBK	Equity Bancshares,	Pair Corr
0.92	ESSA	ESSA Bancorp Earnings Call This Week	Pair Corr
0.61	TFINP	Triumph Financial	Pair Corr
0.84	WSBCP	WesBanco Earnings Call This Week	Pair Corr
0.81	WNEB	Western New England Earnings Call Tomorrow	Pair Corr
0.95	WSBC	WesBanco	Pair Corr

Related Correlations Analysis

	AFBI	OFED	HFBL	JMSB	HNVR	TCBX	ECBK
AFBI		0.0	0.2	0.5	0.44	0.55	0.33	AFBI
OFED	0.0		0.0	0.0	0.0	0.0	0.0	OFED
HFBL	0.2	0.0		0.37	0.01	0.5	-0.05	HFBL
JMSB	0.5	0.0	0.37		0.43	0.86	0.04	JMSB
HNVR	0.44	0.0	0.01	0.43		0.31	0.75	HNVR
TCBX	0.55	0.0	0.5	0.86	0.31		0.14	TCBX
ECBK	0.33	0.0	-0.05	0.04	0.75	0.14		ECBK
	AFBI	OFED	HFBL	JMSB	HNVR	TCBX	ECBK

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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

TCBX	+ 0.86	JMSB
ECBK	+ 0.75	HNVR
TCBX	+ 0.55	AFBI
JMSB	+ 0.5	AFBI
TCBX	+ 0.5	HFBL
HNVR	+ 0.44	AFBI

High negative correlations

ECBK	- 0.05	HFBL
ECBK	- 0.0	OFED
TCBX	- 0.0	OFED
HNVR	- 0.0	OFED
JMSB	- 0.0	OFED
HFBL	- 0.0	OFED

Risk-Adjusted Indicators

There is a big difference between LINKBANCORP Stock performing well and LINKBANCORP 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 LINKBANCORP'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	0.56	0.00	(0.06)	0.00	0.76	(0.63)	1.26	(1.42)	4.96
OFED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HFBL	1.51	0.00	(0.05)	0.10	1.80	(2.09)	3.12	(3.16)	11.15
JMSB	1.34	0.35	0.28	0.51	0.88	(1.73)	3.27	(1.82)	6.71
HNVR	1.25	0.12	0.08	0.28	0.86	(1.74)	3.85	(1.63)	9.44
TCBX	1.57	0.24	0.13	0.35	1.54	(1.66)	4.04	(2.89)	9.62
ECBK	1.27	0.08	0.00	0.39	1.32	(1.37)	3.02	(2.33)	7.83

LINKBANCORP Corporate Management

Andrew Samuel	CEO ViceChairman	Profile
Nicole Ulmer	Corporate Manager	Profile
Douglas Klinger	Northumberland Dauphin	Profile
Dee Bonora	Chief Officer	Profile
Deirdre Bonora	Chief Officer	Profile
Catherine Eisel	Chief Officer	Profile

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