Partners Bank Correlations

PBKX Stock

USD 12.19 0.19 1.58%

The current 90-days correlation between Partners Bank and Commercial National Financial is -0.04 (i.e., Good diversification). The correlation of Partners Bank 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.

Partners Bank Correlation With Market

Average diversification

The correlation between Partners Bank of and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Partners Bank of and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Partners Pink Sheet

0.64	CIHHF	China Merchants Bank	Pair Corr
0.67	USB	US Bancorp Earnings Call This Week	Pair Corr
0.63	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.61	MRK	Merck Company	Pair Corr

Moving against Partners Pink Sheet

0.57	HDB	HDFC Bank Limited	Pair Corr
0.54	VFSWW	VinFast Auto	Pair Corr
0.38	IBN	ICICI Bank Limited	Pair Corr
0.61	PG	Procter Gamble Earnings Call This Week	Pair Corr
0.36	T	ATT Inc	Pair Corr

Related Correlations Analysis

	CEFC	NIDB	FFWC	LSFG	HFBK	CBAF	BAOB	MVLY	RWCB	MBKL
CEFC		0.62	0.81	-0.05	0.57	0.64	0.83	0.79	0.8	0.68	CEFC
NIDB	0.62		0.61	-0.15	0.77	0.62	0.56	0.3	0.4	0.59	NIDB
FFWC	0.81	0.61		-0.08	0.69	0.63	0.79	0.49	0.58	0.6	FFWC
LSFG	-0.05	-0.15	-0.08		-0.37	-0.38	-0.05	0.2	-0.07	0.02	LSFG
HFBK	0.57	0.77	0.69	-0.37		0.69	0.46	0.09	0.29	0.45	HFBK
CBAF	0.64	0.62	0.63	-0.38	0.69		0.61	0.34	0.63	0.54	CBAF
BAOB	0.83	0.56	0.79	-0.05	0.46	0.61		0.76	0.71	0.63	BAOB
MVLY	0.79	0.3	0.49	0.2	0.09	0.34	0.76		0.69	0.5	MVLY
RWCB	0.8	0.4	0.58	-0.07	0.29	0.63	0.71	0.69		0.69	RWCB
MBKL	0.68	0.59	0.6	0.02	0.45	0.54	0.63	0.5	0.69		MBKL
	CEFC	NIDB	FFWC	LSFG	HFBK	CBAF	BAOB	MVLY	RWCB	MBKL

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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

BAOB	+ 0.83	CEFC
FFWC	+ 0.81	CEFC
RWCB	+ 0.8	CEFC
MVLY	+ 0.79	CEFC
BAOB	+ 0.79	FFWC
HFBK	+ 0.77	NIDB

High negative correlations

CBAF	- 0.38	LSFG
HFBK	- 0.37	LSFG
LSFG	- 0.15	NIDB
LSFG	- 0.08	FFWC
RWCB	- 0.07	LSFG
BAOB	- 0.05	LSFG

Risk-Adjusted Indicators

There is a big difference between Partners Pink Sheet performing well and Partners Bank 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 Partners Bank'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
CEFC	0.64	0.23	0.18	1.45	0.00	(1.14)	2.02	(1.06)	5.36
NIDB	0.58	0.17	0.03	(1.41)	0.80	(0.97)	1.94	(0.95)	7.18
FFWC	0.37	0.15	0.09	(9.36)	0.00	(0.80)	0.69	(0.55)	3.53
LSFG	1.03	0.02	(0.01)	(0.14)	1.83	(8.03)	4.28	(4.08)	20.93
HFBK	0.84	0.21	0.04	(1.50)	0.84	(2.38)	3.26	(2.00)	9.20
CBAF	0.92	0.29	0.05	1.26	1.68	(1.19)	2.62	(1.90)	16.61
BAOB	0.88	0.31	0.06	(0.57)	1.05	(1.51)	2.45	(1.78)	11.56
MVLY	0.84	0.20	0.00	(0.71)	0.00	0.00	2.87	(0.33)	17.19
RWCB	0.37	0.12	0.00	(59.96)	0.00	0.00	1.04	(0.33)	6.46
MBKL	1.27	0.28	0.00	(0.72)	0.00	0.00	5.73	(1.35)	22.40

Be your own money manager

Our tools can tell you how much better you can do entering a position in Partners Bank 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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Partners Bank Corporate Management

Michael Chambers	Chief Pres	Profile
John Walsh	Chief Officer	Profile
Matthew Terry	VP Officer	Profile
Mohamed Ahmar	Ex Chairman	Profile
Kirk Colburn	Ex CFO	Profile
Kendra CFP	Exec Officer	Profile

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