Bank of NT Correlations

NTB Stock

USD 37.70 0.13 0.34%

The current 90-days correlation between Bank of NT and PJT Partners is 0.71 (i.e., Poor diversification). The correlation of Bank of NT 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.

Bank of NT Correlation With Market

Poor diversification

The correlation between Bank of NT and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bank of NT and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with Bank Stock

0.65	BAC	Bank of America Aggressive Push	Pair Corr
0.66	BCS	Barclays PLC ADR	Pair Corr
0.69	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.61	WFC	Wells Fargo Sell-off Trend	Pair Corr
0.65	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.62	SMFG	Sumitomo Mitsui Financial	Pair Corr

Moving against Bank Stock

0.53	TD	Toronto Dominion Bank Earnings Call Next Week	Pair Corr
0.46	JPM-PM	JPMorgan Chase	Pair Corr
0.44	ING	ING Group NV	Pair Corr
0.43	JPM-PK	JPMorgan Chase	Pair Corr
0.42	JPM-PL	JPMorgan Chase	Pair Corr
0.37	JPM-PJ	JPMorgan Chase	Pair Corr
0.44	WFC-PL	Wells Fargo	Pair Corr
0.41	BAC-PP	Bank of America	Pair Corr
0.39	BAC-PQ	Bank of America	Pair Corr
0.38	BAC-PO	Bank of America	Pair Corr
0.35	WFC-PC	Wells Fargo	Pair Corr
0.33	WFC-PZ	Wells Fargo	Pair Corr
0.32	WFC-PD	Wells Fargo	Pair Corr
0.31	BAC-PS	Bank of America	Pair Corr

Related Correlations Analysis

	PJT	NBHC	FBK	NRIM	EIG
PJT		0.79	0.85	0.8	0.85	PJT
NBHC	0.79		0.96	0.74	0.89	NBHC
FBK	0.85	0.96		0.86	0.95	FBK
NRIM	0.8	0.74	0.86		0.89	NRIM
EIG	0.85	0.89	0.95	0.89		EIG
	PJT	NBHC	FBK	NRIM	EIG

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Risk-Adjusted Indicators

There is a big difference between Bank Stock performing well and Bank of NT 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 NT'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
PJT	1.50	0.14	0.26	0.18	0.91	(2.07)	3.55	(2.04)	18.44
NBHC	1.57	(0.01)	0.06	0.12	1.61	(1.84)	2.64	(2.64)	17.64
FBK	1.71	(0.01)	0.11	0.12	1.43	(2.11)	3.97	(2.57)	19.12
NRIM	1.90	0.10	0.14	0.16	1.77	(2.30)	4.02	(3.54)	20.99
EIG	1.02	0.05	0.06	0.16	1.00	(1.15)	2.46	(1.95)	11.24

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