Northfield Bancorp Correlations

NFBK Stock

USD 11.48 0.10 0.88%

The current 90-days correlation between Northfield Bancorp and Community West Bancshares is -0.12 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Northfield Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northfield Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Northfield Bancorp Correlation With Market

Good diversification

The correlation between Northfield Bancorp and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northfield Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Northfield Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northfield 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 bureau of labor statistics.

For more information on how to buy Northfield Stock please use our How to buy in Northfield Stock guide.

Moving together with Northfield Stock

0.73	AX	Axos Financial	Pair Corr
0.64	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.85	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.82	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.68	NU	Nu Holdings Aggressive Push	Pair Corr
0.67	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.76	RF	Regions Financial Buyout Trend	Pair Corr
0.64	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.85	VABK	Virginia National	Pair Corr
0.63	VBNK	VersaBank	Pair Corr
0.72	TECTP	Tectonic Financial	Pair Corr
0.64	TFC-PO	Truist Financial	Pair Corr
0.62	CFG-PE	Citizens Financial	Pair Corr
0.62	CFG-PH	Citizens Financial Group,	Pair Corr
0.7	EFSC	Enterprise Financial Earnings Call This Week	Pair Corr
0.84	KEY-PL	KeyCorp Earnings Call This Week	Pair Corr
0.61	WAFD	Washington Federal	Pair Corr
0.78	BANC-PF	Banc of California Earnings Call This Week	Pair Corr
0.68	EQBK	Equity Bancshares,	Pair Corr
0.86	WSBCP	WesBanco Earnings Call This Week	Pair Corr
0.77	WSBC	WesBanco	Pair Corr

Moving against Northfield Stock

0.48

WSBK

Winchester Bancorp,

Pair Corr

Related Correlations Analysis

	NBHC	CWBC	FISI	KRNY	HFWA	NBTB	OCFC
NBHC		0.94	0.85	0.84	0.96	0.73	0.96	NBHC
CWBC	0.94		0.86	0.88	0.95	0.67	0.97	CWBC
FISI	0.85	0.86		0.83	0.92	0.86	0.9	FISI
KRNY	0.84	0.88	0.83		0.9	0.83	0.87	KRNY
HFWA	0.96	0.95	0.92	0.9		0.83	0.97	HFWA
NBTB	0.73	0.67	0.86	0.83	0.83		0.76	NBTB
OCFC	0.96	0.97	0.9	0.87	0.97	0.76		OCFC
	NBHC	CWBC	FISI	KRNY	HFWA	NBTB	OCFC

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Risk-Adjusted Indicators

There is a big difference between Northfield Stock performing well and Northfield Bancorp 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 Northfield Bancorp'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
NBHC	1.24	0.12	0.05	0.29	1.54	(1.40)	2.65	(2.48)	8.68
CWBC	1.16	0.26	0.24	0.36	0.68	(1.44)	3.23	(1.38)	8.56
FISI	1.34	0.20	0.17	0.30	1.08	(1.65)	2.97	(1.92)	9.24
KRNY	1.46	0.07	0.06	0.20	1.35	(1.83)	3.51	(2.47)	8.85
HFWA	1.23	0.14	0.09	0.26	1.26	(1.37)	2.90	(2.10)	7.61
NBTB	1.19	0.02	0.03	0.15	1.21	(1.36)	2.68	(1.56)	8.42
OCFC	1.29	0.18	0.15	0.30	1.07	(1.53)	3.22	(2.37)	8.24

Northfield Bancorp Corporate Management

Susan Esq	General VP	Profile
Christopher Donohue	VP Bank	Profile
Daniel Greene	VP Bank	Profile
Damien Kane	Senior Marketing	Profile

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