Northeast Community Correlations
| NECB Stock | USD 23.12 0.31 1.32% |
The current 90-days correlation between Northeast Community and First Northwest Bancorp is 0.44 (i.e., Very weak diversification). The correlation of Northeast Community 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.
Northeast Community Correlation With Market
Poor diversification
The correlation between Northeast Community Bancorp and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northeast Community Bancorp and DJI in the same portfolio, assuming nothing else is changed.
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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
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Risk-Adjusted Indicators
There is a big difference between Northeast Stock performing well and Northeast 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 Northeast 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FNWB | 1.79 | (0.41) | 0.00 | (0.25) | 0.00 | 3.90 | 13.72 | |||
| CWBC | 1.16 | 0.26 | 0.24 | 0.36 | 0.68 | 3.23 | 8.56 | |||
| OVLY | 1.67 | 0.08 | 0.06 | 0.19 | 1.84 | 4.92 | 10.78 | |||
| HBCP | 1.35 | 0.28 | 0.23 | 0.34 | 0.85 | 3.01 | 14.27 | |||
| LSBK | 0.86 | 0.22 | 0.06 | (1.44) | 0.93 | 1.89 | 10.13 | |||
| MGYR | 0.97 | 0.31 | 0.13 | (4.63) | 0.79 | 2.26 | 4.89 | |||
| KFFB | 2.20 | 0.15 | 0.02 | 0.52 | 3.32 | 4.96 | 22.45 | |||
| NBN | 1.55 | 0.04 | 0.03 | 0.16 | 1.86 | 3.89 | 12.21 |
Northeast Community Corporate Executives
Elected by the shareholders, the Northeast Community's board of directors comprises two types of representatives: Northeast Community inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Northeast. The board's role is to monitor Northeast Community's management team and ensure that shareholders' interests are well served. Northeast Community's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Northeast Community's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Donald Hom | CFO, Principal Accounting Officer, Treasurer of Northeast Community Bank, CFO of Northeast Community Bank, Executive VP, Executive VP of Northeast Community Bank and Treasurer | Profile |