Northrim Competitors
| NRIM Stock | USD 96.64 0.51 0.53% |
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Northrim BanCorp competition on your existing holdings.
Northrim BanCorp Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Northrim BanCorp and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Northrim and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Northrim BanCorp does not affect the price movement of the other competitor.
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Risk-Adjusted Indicators
There is a big difference between Northrim Stock performing well and Northrim BanCorp 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 Northrim BanCorp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PEBO | 1.07 | 0.29 | 0.03 | (4.09) | 0.87 | 2.55 | 6.68 | |||
| FRST | 1.39 | 0.60 | 0.26 | (2.76) | 0.75 | 3.95 | 8.41 | |||
| EQBK | 1.18 | 0.12 | 0.04 | 0.40 | 1.26 | 2.93 | 9.22 | |||
| NKSH | 1.55 | 0.06 | (0.02) | 0.33 | 2.03 | 3.91 | 8.86 | |||
| NWFL | 1.48 | 0.30 | (0.01) | (0.65) | 1.55 | 3.82 | 8.94 | |||
| MOFG | 1.23 | 0.25 | 0.00 | (3.30) | 1.21 | 2.84 | 7.59 | |||
| BSRR | 1.45 | 0.45 | 0.11 | (2.22) | 1.19 | 3.43 | 10.03 | |||
| HBCP | 1.34 | 0.51 | 0.16 | (1.75) | 0.79 | 3.01 | 14.27 |
Northrim BanCorp Competitive Analysis
The better you understand Northrim BanCorp competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Northrim BanCorp's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Northrim BanCorp's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Northrim BanCorp Competition Performance Charts
Five steps to successful analysis of Northrim BanCorp Competition
Northrim BanCorp's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Northrim BanCorp in relation to its competition. Northrim BanCorp's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Northrim BanCorp in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Northrim BanCorp's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Northrim BanCorp, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Check out Northrim BanCorp Correlation with its peers. To learn how to invest in Northrim Stock, please use our How to Invest in Northrim BanCorp guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Northrim BanCorp. If investors know Northrim will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Northrim BanCorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Northrim BanCorp is measured differently than its book value, which is the value of Northrim that is recorded on the company's balance sheet. Investors also form their own opinion of Northrim BanCorp's value that differs from its market value or its book value, called intrinsic value, which is Northrim BanCorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Northrim BanCorp's market value can be influenced by many factors that don't directly affect Northrim BanCorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Northrim BanCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northrim BanCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northrim BanCorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.