MetroCity Bankshares Correlations

MCBS Stock

USD 29.32 0.37 1.28%

The current 90-days correlation between MetroCity Bankshares and First Mid Illinois is 0.05 (i.e., Significant diversification). The correlation of MetroCity Bankshares 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. If the correlation is 0, the equities are not correlated; they are entirely random.

MetroCity Bankshares Correlation With Market

Good diversification

The correlation between MetroCity Bankshares and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MetroCity Bankshares and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MetroCity Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MetroCity Bankshares. 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.

For more information on how to buy MetroCity Stock please use our How to Invest in MetroCity Bankshares guide.

Moving together with MetroCity Stock

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0.88	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
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0.71	TFC-PR	Truist Financial	Pair Corr
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0.82	CFG-PH	Citizens Financial Group,	Pair Corr
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0.68	KEY-PI	KeyCorp Earnings Call This Week	Pair Corr
0.61	KEY-PJ	KeyCorp Earnings Call This Week	Pair Corr
0.91	WABC	Westamerica Bancorporation	Pair Corr
0.86	WAFD	Washington Federal	Pair Corr
0.89	WASH	Washington Trust Bancorp Earnings Call This Week	Pair Corr
0.87	EQBK	Equity Bancshares,	Pair Corr
0.83	ESSA	ESSA Bancorp Earnings Call This Week	Pair Corr
0.67	WSBCP	WesBanco Earnings Call This Week	Pair Corr
0.87	WNEB	Western New England Earnings Call This Week	Pair Corr
0.85	WSBC	WesBanco	Pair Corr

Related Correlations Analysis

	FMBH	OFED	CULL	HFBL	SPFI	HBT	RBB	PCB	BFST
FMBH		0.0	0.0	0.43	0.89	0.92	0.94	0.92	0.94	FMBH
OFED	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	OFED
CULL	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	CULL
HFBL	0.43	0.0	0.0		0.38	0.49	0.55	0.46	0.48	HFBL
SPFI	0.89	0.0	0.0	0.38		0.84	0.89	0.82	0.86	SPFI
HBT	0.92	0.0	0.0	0.49	0.84		0.91	0.97	0.92	HBT
RBB	0.94	0.0	0.0	0.55	0.89	0.91		0.88	0.94	RBB
PCB	0.92	0.0	0.0	0.46	0.82	0.97	0.88		0.91	PCB
BFST	0.94	0.0	0.0	0.48	0.86	0.92	0.94	0.91		BFST
	FMBH	OFED	CULL	HFBL	SPFI	HBT	RBB	PCB	BFST

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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

PCB	+ 0.97	HBT
RBB	+ 0.94	FMBH
BFST	+ 0.94	FMBH
BFST	+ 0.94	RBB
HBT	+ 0.92	FMBH
PCB	+ 0.92	FMBH

High negative correlations

BFST	- 0.0	CULL
PCB	- 0.0	CULL
RBB	- 0.0	CULL
HBT	- 0.0	CULL
SPFI	- 0.0	CULL
HFBL	- 0.0	CULL

Risk-Adjusted Indicators

There is a big difference between MetroCity Stock performing well and MetroCity Bankshares 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 MetroCity Bankshares' 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
FMBH	1.33	0.20	0.14	0.31	1.17	(1.55)	3.04	(1.94)	7.59
OFED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HFBL	1.51	0.00	(0.05)	0.10	1.80	(2.09)	3.12	(3.16)	11.15
SPFI	1.28	0.30	0.22	0.43	1.03	(1.51)	3.12	(2.41)	6.06
HBT	1.16	0.29	0.11	(6.44)	1.13	(1.27)	2.94	(2.11)	7.43
RBB	1.54	0.11	0.09	0.21	1.58	(1.75)	3.54	(2.57)	9.54
PCB	1.33	0.38	0.14	(1.33)	1.17	(1.62)	3.13	(2.13)	8.15
BFST	1.27	0.14	0.09	0.26	1.33	(1.34)	2.88	(2.79)	7.32

MetroCity Bankshares Corporate Management

Lucas Stewart	CFO VP	Profile
Howard Kim	Chief VP	Profile
Nack Paek	Chairman CEO	Profile
Abdul Mohdnor	Executive Officer	Profile

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