Bogota Financial Correlations

BSBK Stock

USD 8.01 0.01 0.12%

The current 90-days correlation between Bogota Financial Corp and First Northwest Bancorp is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bogota Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bogota Financial Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Bogota Financial Correlation With Market

Significant diversification

The correlation between Bogota Financial Corp and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bogota Financial Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Bogota Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bogota Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Bogota Stock

0.83	AX	Axos Financial Earnings Call This Week	Pair Corr
0.75	DB	Deutsche Bank AG Earnings Call Tomorrow	Pair Corr
0.82	KB	KB Financial Group	Pair Corr
0.84	RF	Regions Financial Normal Trading	Pair Corr
0.92	WF	Woori Financial Group Earnings Call Today	Pair Corr
0.77	VBTX	Veritex Holdings	Pair Corr
0.77	TECTP	Tectonic Financial	Pair Corr
0.7	TFC-PO	Truist Financial	Pair Corr
0.67	TFC-PR	Truist Financial	Pair Corr
0.66	CFG-PE	Citizens Financial	Pair Corr
0.64	CFG-PH	Citizens Financial Group,	Pair Corr
0.75	EFSC	Enterprise Financial	Pair Corr
0.67	KEY-PJ	KeyCorp	Pair Corr
0.81	KEY-PK	KeyCorp	Pair Corr
0.65	KEY-PL	KeyCorp	Pair Corr
0.61	WAFD	Washington Federal	Pair Corr
0.74	ESSA	ESSA Bancorp Earnings Call Today	Pair Corr
0.78	TFINP	Triumph Financial	Pair Corr
0.75	WSBCP	WesBanco Earnings Call Today	Pair Corr
0.69	WSBC	WesBanco Earnings Call This Week	Pair Corr

Moving against Bogota Stock

0.8	TFC-PI	Truist Financial	Pair Corr
0.32	ECBK	ECB Bancorp	Pair Corr
0.71	FCAP	First Capital Earnings Call Tomorrow	Pair Corr
0.38	WSBK	Winchester Bancorp,	Pair Corr

Related Correlations Analysis

	CWBC	FNWB	FCAP	MGYR	RBKB	PBFS	RMBI	BCOW	FFBW
CWBC		-0.66	-0.42	0.82	0.72	0.92	0.45	-0.06	0.0	CWBC
FNWB	-0.66		0.61	-0.93	-0.83	-0.66	0.15	0.28	0.0	FNWB
FCAP	-0.42	0.61		-0.48	-0.39	-0.45	0.21	0.06	0.0	FCAP
MGYR	0.82	-0.93	-0.48		0.84	0.79	0.05	-0.3	0.0	MGYR
RBKB	0.72	-0.83	-0.39	0.84		0.64	0.07	-0.31	0.0	RBKB
PBFS	0.92	-0.66	-0.45	0.79	0.64		0.37	0.01	0.0	PBFS
RMBI	0.45	0.15	0.21	0.05	0.07	0.37		0.25	0.0	RMBI
BCOW	-0.06	0.28	0.06	-0.3	-0.31	0.01	0.25		0.0	BCOW
FFBW	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		FFBW
	CWBC	FNWB	FCAP	MGYR	RBKB	PBFS	RMBI	BCOW	FFBW

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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

PBFS	+ 0.92	CWBC
RBKB	+ 0.84	MGYR
MGYR	+ 0.82	CWBC
PBFS	+ 0.79	MGYR
RBKB	+ 0.72	CWBC
PBFS	+ 0.64	RBKB

High negative correlations

MGYR	- 0.93	FNWB
RBKB	- 0.83	FNWB
PBFS	- 0.66	FNWB
FNWB	- 0.66	CWBC
MGYR	- 0.48	FCAP
PBFS	- 0.45	FCAP

Risk-Adjusted Indicators

There is a big difference between Bogota Stock performing well and Bogota Financial 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 Bogota Financial'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
CWBC	1.18	0.22	0.23	0.35	0.66	(1.47)	3.23	(1.38)	8.56
FNWB	1.83	(0.50)	0.00	(0.27)	0.00	0.00	3.90	(3.81)	13.72
FCAP	2.34	(0.18)	(0.06)	0.00	3.01	(2.42)	5.98	(5.04)	15.49
MGYR	0.98	0.26	0.10	1.45	0.82	(1.12)	2.26	(1.75)	4.89
RBKB	1.30	0.30	0.11	1.55	1.23	(1.63)	3.12	(1.67)	12.35
PBFS	1.20	0.04	0.00	0.23	1.22	(1.34)	2.34	(2.00)	7.11
RMBI	1.44	0.16	0.06	0.41	1.51	(1.54)	3.18	(2.66)	9.91
BCOW	1.44	(0.07)	0.00	(0.05)	0.00	0.00	4.18	(4.58)	12.03
FFBW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Bogota Financial Corporate Management

Thomas Guinan	SVP Manager	Profile
Susanne HartmannSilva	Corporate Secretary	Profile
Robert Walsh	Executive Officer	Profile
James Brown	Senior Sales	Profile
Joseph Coccaro	CEO Pres	Profile
Jim Brown	Senior Sales	Profile

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