Meridian Bank Correlations

MRBK Stock

USD 14.48 0.20 1.36%

The current 90-days correlation between Meridian Bank and FVCBankcorp is 0.37 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Meridian Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Meridian Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Meridian Bank Correlation With Market

Very weak diversification

The correlation between Meridian Bank and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meridian Bank and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Meridian Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Meridian Bank. 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 Meridian Stock please use our How to buy in Meridian Stock guide.

Moving together with Meridian Stock

0.81	EBMT	Eagle Bancorp Montana Earnings Call Today	Pair Corr
0.73	ECBK	ECB Bancorp	Pair Corr
0.8	EFSI	Eagle Financial Services Earnings Call This Week	Pair Corr
0.64	WABC	Westamerica Bancorporation	Pair Corr
0.7	WASH	Washington Trust Bancorp Earnings Call Today	Pair Corr
0.64	WNEB	Western New England Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	FVCB	CWBC	CFBK	ISTR	MYFW	NRIM	MVBF	BPRN	SPFI
FVCB		0.93	0.77	0.96	0.94	0.86	0.84	0.82	0.85	FVCB
CWBC	0.93		0.72	0.93	0.92	0.91	0.94	0.76	0.86	CWBC
CFBK	0.77	0.72		0.72	0.8	0.83	0.64	0.76	0.78	CFBK
ISTR	0.96	0.93	0.72		0.89	0.81	0.81	0.81	0.81	ISTR
MYFW	0.94	0.92	0.8	0.89		0.88	0.83	0.85	0.86	MYFW
NRIM	0.86	0.91	0.83	0.81	0.88		0.92	0.77	0.92	NRIM
MVBF	0.84	0.94	0.64	0.81	0.83	0.92		0.62	0.87	MVBF
BPRN	0.82	0.76	0.76	0.81	0.85	0.77	0.62		0.75	BPRN
SPFI	0.85	0.86	0.78	0.81	0.86	0.92	0.87	0.75		SPFI
	FVCB	CWBC	CFBK	ISTR	MYFW	NRIM	MVBF	BPRN	SPFI

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Risk-Adjusted Indicators

There is a big difference between Meridian Stock performing well and Meridian 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 Meridian 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
FVCB	1.39	0.35	0.25	0.61	0.83	(1.76)	3.45	(1.86)	7.90
CWBC	1.16	0.26	0.24	0.36	0.68	(1.44)	3.23	(1.38)	8.56
CFBK	0.65	0.19	0.18	0.50	0.00	(0.80)	1.92	(1.13)	6.60
ISTR	1.64	0.38	0.23	0.48	1.24	(1.89)	4.78	(2.44)	12.31
MYFW	1.46	0.37	0.24	0.49	1.11	(1.76)	3.61	(2.44)	11.75
NRIM	1.29	0.35	0.25	0.49	1.10	(1.56)	2.73	(1.70)	7.88
MVBF	1.30	0.54	0.49	0.62	0.43	(1.67)	3.57	(1.79)	7.13
BPRN	1.60	0.13	0.06	0.28	1.50	(1.84)	3.64	(3.03)	9.53
SPFI	1.28	0.30	0.22	0.43	1.03	(1.51)	3.12	(2.41)	6.06

Meridian Bank Corporate Management

Mary Messmer	Executive Banking	Profile
Denise Lindsay	CFO VP	Profile
James Nelsen	Credit Officer	Profile
Edward Carpoletti	Senior Management	Profile
Thomas Campbell	Senior Lending	Profile
Rocco Perate	Executive Lending	Profile
David Fitzell	VP Lending	Profile

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