Dime Community Correlations

DCOM Stock

USD 28.37 0.25 0.87%

The current 90-days correlation between Dime Community Bancshares and Dime Community Bancshares is 0.28 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dime Community moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dime Community Bancshares moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Dime Community Correlation With Market

Poor diversification

The correlation between Dime Community Bancshares and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dime Community Bancshares and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Dime Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dime Community Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Dime Stock

0.9	AX	Axos Financial Earnings Call This Week	Pair Corr
0.87	BY	Byline Bancorp Earnings Call Tomorrow	Pair Corr
0.73	DB	Deutsche Bank AG Earnings Call Tomorrow	Pair Corr
0.68	KB	KB Financial Group	Pair Corr
0.75	NU	Nu Holdings	Pair Corr
0.89	PB	Prosperity Bancshares Earnings Call Today	Pair Corr
0.9	RF	Regions Financial Normal Trading	Pair Corr
0.8	WF	Woori Financial Group Earnings Call Today	Pair Corr
0.63	VABK	Virginia National	Pair Corr
0.86	VBTX	Veritex Holdings	Pair Corr
0.74	TECTP	Tectonic Financial	Pair Corr
0.86	TFC-PO	Truist Financial	Pair Corr
0.84	TFC-PR	Truist Financial	Pair Corr
0.88	CFG-PE	Citizens Financial	Pair Corr
0.78	CFG-PH	Citizens Financial Group,	Pair Corr
0.91	EFSC	Enterprise Financial	Pair Corr
0.74	EGBN	Eagle Bancorp Earnings Call Today	Pair Corr
0.63	KEY-PI	KeyCorp	Pair Corr
0.8	KEY-PJ	KeyCorp	Pair Corr
0.83	KEY-PK	KeyCorp	Pair Corr
0.66	KEY-PL	KeyCorp	Pair Corr
0.79	WABC	Westamerica Bancorporation	Pair Corr
0.88	WAFD	Washington Federal	Pair Corr
0.83	WASH	Washington Trust Bancorp	Pair Corr
0.62	BANC-PF	Banc of California	Pair Corr
0.83	EQBK	Equity Bancshares,	Pair Corr
0.94	ESSA	ESSA Bancorp Earnings Call Today	Pair Corr
0.67	TFINP	Triumph Financial	Pair Corr
0.75	WSBCP	WesBanco Earnings Call Today	Pair Corr
0.79	WNEB	Western New England	Pair Corr
0.91	WSBC	WesBanco Earnings Call This Week	Pair Corr

Moving against Dime Stock

0.39	TFC-PI	Truist Financial	Pair Corr
0.45	FCAP	First Capital Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	DCOMP	OCFC	CNOB	CLBK	KRNY	FFIC	BRKL	CVBF	CHCO
DCOMP		0.62	0.71	0.61	0.77	0.73	0.73	0.79	0.73	DCOMP
OCFC	0.62		0.91	0.69	0.78	0.56	0.85	0.9	0.88	OCFC
CNOB	0.71	0.91		0.85	0.78	0.77	0.92	0.9	0.85	CNOB
CLBK	0.61	0.69	0.85		0.69	0.81	0.83	0.69	0.68	CLBK
KRNY	0.77	0.78	0.78	0.69		0.78	0.88	0.87	0.88	KRNY
FFIC	0.73	0.56	0.77	0.81	0.78		0.87	0.72	0.69	FFIC
BRKL	0.73	0.85	0.92	0.83	0.88	0.87		0.92	0.92	BRKL
CVBF	0.79	0.9	0.9	0.69	0.87	0.72	0.92		0.96	CVBF
CHCO	0.73	0.88	0.85	0.68	0.88	0.69	0.92	0.96		CHCO
	DCOMP	OCFC	CNOB	CLBK	KRNY	FFIC	BRKL	CVBF	CHCO

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Risk-Adjusted Indicators

There is a big difference between Dime Stock performing well and Dime Community 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 Dime Community'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
DCOMP	0.84	0.02	(0.06)	0.21	1.10	(0.84)	1.59	(1.80)	5.82
OCFC	1.28	0.33	0.10	(1.57)	1.08	(1.53)	3.22	(2.37)	8.24
CNOB	1.37	0.25	0.04	(2.89)	1.45	(1.46)	3.25	(2.15)	8.06
CLBK	1.47	0.16	0.01	1.34	1.58	(1.61)	3.03	(2.86)	12.78
KRNY	1.44	(0.01)	0.01	0.16	1.35	(1.84)	3.51	(2.47)	8.85
FFIC	1.46	(0.03)	0.01	0.15	1.58	(1.60)	3.11	(3.44)	7.77
BRKL	1.31	(0.02)	0.03	0.15	1.27	(1.57)	2.69	(1.86)	7.55
CVBF	1.19	0.10	0.08	0.26	1.17	(1.37)	3.00	(2.40)	7.16
CHCO	1.01	0.05	0.03	0.22	0.88	(1.19)	2.60	(1.62)	5.13

Dime Community Corporate Management

Patricia Esq	General VP	Profile
John Romano	Executive Banking	Profile
Nancy Tomich	Executive Leader	Profile
Mario Caracappa	Executive Service	Profile
Shawn Gines	Executive Finance	Profile
Austin Stonitsch	Executive Officer	Profile

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