Metropolitan Bank Correlations

MCB Stock

USD 76.80 1.60 2.04%

The current 90-days correlation between Metropolitan Bank Holding and Capital Bancorp is 0.01 (i.e., Significant diversification). The correlation of Metropolitan 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.

Metropolitan Bank Correlation With Market

Good diversification

The correlation between Metropolitan Bank Holding and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Metropolitan Bank Holding and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Metropolitan Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Metropolitan Bank Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Metropolitan Stock

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

Moving against Metropolitan Stock

0.34	TFC-PI	Truist Financial	Pair Corr
0.35	FCAP	First Capital Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	CUBI	BCML	CBNK	ISTR	CHMG
CUBI		0.89	0.9	0.93	0.94	CUBI
BCML	0.89		0.82	0.85	0.8	BCML
CBNK	0.9	0.82		0.87	0.91	CBNK
ISTR	0.93	0.85	0.87		0.87	ISTR
CHMG	0.94	0.8	0.91	0.87		CHMG
	CUBI	BCML	CBNK	ISTR	CHMG

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Risk-Adjusted Indicators

There is a big difference between Metropolitan Stock performing well and Metropolitan 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 Metropolitan 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
CUBI	1.68	0.54	0.21	163.52	1.42	(2.09)	4.19	(2.94)	9.72
BCML	1.25	0.02	(0.01)	0.20	1.17	(1.45)	2.53	(2.05)	5.90
CBNK	1.28	0.24	0.17	0.42	1.08	(1.47)	2.89	(1.74)	10.31
ISTR	1.62	0.33	0.21	0.46	1.27	(1.85)	4.78	(2.44)	12.31
CHMG	1.37	0.42	0.11	(0.77)	1.31	(1.55)	3.40	(2.58)	8.22

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