Farmers Merchants Correlations

FMAO Stock

USD 27.00 0.38 1.43%

The current 90-days correlation between Farmers Merchants Bancorp and Community West Bancshares is 0.64 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Farmers Merchants moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Farmers Merchants Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Farmers Merchants Correlation With Market

Very weak diversification

The correlation between Farmers Merchants Bancorp and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Farmers Merchants Bancorp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Farmers Stock

0.76	AX	Axos Financial Earnings Call This Week	Pair Corr
0.86	BY	Byline Bancorp Earnings Call Tomorrow	Pair Corr
0.63	DB	Deutsche Bank AG Earnings Call Tomorrow	Pair Corr
0.83	NU	Nu Holdings	Pair Corr
0.86	PB	Prosperity Bancshares Earnings Call Today	Pair Corr
0.77	RF	Regions Financial Normal Trading	Pair Corr
0.68	VABK	Virginia National	Pair Corr
0.67	VBTX	Veritex Holdings	Pair Corr
0.7	TFC-PO	Truist Financial	Pair Corr
0.76	TFC-PR	Truist Financial	Pair Corr
0.83	CFG-PE	Citizens Financial	Pair Corr
0.87	CFG-PH	Citizens Financial Group,	Pair Corr
0.84	EFSC	Enterprise Financial	Pair Corr
0.81	KEY-PI	KeyCorp	Pair Corr
0.75	KEY-PJ	KeyCorp	Pair Corr
0.72	KEY-PK	KeyCorp	Pair Corr
0.85	WABC	Westamerica Bancorporation	Pair Corr
0.84	WAFD	Washington Federal	Pair Corr
0.87	WASH	Washington Trust Bancorp	Pair Corr
0.82	EQBK	Equity Bancshares,	Pair Corr
0.88	ESSA	ESSA Bancorp Earnings Call Today	Pair Corr
0.64	WSBCP	WesBanco Earnings Call Today	Pair Corr
0.79	WNEB	Western New England	Pair Corr
0.84	WSBC	WesBanco Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CWBC	HBCP	FNWB	FCAP	FCCO	ISTR	FNLC	EBTC
CWBC		0.94	-0.66	-0.42	0.85	0.93	0.9	0.41	CWBC
HBCP	0.94		-0.48	-0.27	0.93	0.97	0.92	0.26	HBCP
FNWB	-0.66	-0.48		0.61	-0.26	-0.43	-0.41	-0.73	FNWB
FCAP	-0.42	-0.27	0.61		-0.07	-0.31	-0.41	-0.63	FCAP
FCCO	0.85	0.93	-0.26	-0.07		0.92	0.9	0.07	FCCO
ISTR	0.93	0.97	-0.43	-0.31	0.92		0.95	0.24	ISTR
FNLC	0.9	0.92	-0.41	-0.41	0.9	0.95		0.26	FNLC
EBTC	0.41	0.26	-0.73	-0.63	0.07	0.24	0.26		EBTC
	CWBC	HBCP	FNWB	FCAP	FCCO	ISTR	FNLC	EBTC

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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

ISTR	+ 0.97	HBCP
FNLC	+ 0.95	ISTR
HBCP	+ 0.94	CWBC
ISTR	+ 0.93	CWBC
FCCO	+ 0.93	HBCP
FNLC	+ 0.92	HBCP

High negative correlations

EBTC	- 0.73	FNWB
FNWB	- 0.66	CWBC
EBTC	- 0.63	FCAP
FNWB	- 0.48	HBCP
ISTR	- 0.43	FNWB
FCAP	- 0.42	CWBC

Risk-Adjusted Indicators

There is a big difference between Farmers Stock performing well and Farmers Merchants 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 Farmers Merchants' 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
HBCP	1.30	0.20	0.19	0.32	0.86	(1.40)	3.01	(1.62)	14.27
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
FCCO	1.15	0.11	0.10	0.27	0.80	(1.45)	2.96	(1.58)	9.17
ISTR	1.62	0.33	0.21	0.46	1.27	(1.85)	4.78	(2.44)	12.31
FNLC	1.26	0.10	0.05	0.28	1.19	(1.43)	2.63	(2.12)	6.87
EBTC	1.47	(0.03)	(0.07)	0.04	2.29	(1.53)	3.33	(3.00)	11.98

Farmers Merchants Corporate Management

Alexis Smith	Senior Officer	Profile
David Gerken	Executive Officer	Profile
Michael Schnitkey	Senior Manager	Profile
Benet Rupp	Executive Officer	Profile
Tim Carsey	Senior Officer	Profile

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