Rhinebeck Bancorp Correlations

RBKB Stock

USD 12.47 0.13 1.03%

The current 90-days correlation between Rhinebeck Bancorp and Sound Financial Bancorp is 0.31 (i.e., Weak diversification). The correlation of Rhinebeck Bancorp 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.

Rhinebeck Bancorp Correlation With Market

Average diversification

The correlation between Rhinebeck Bancorp and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rhinebeck Bancorp and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rhinebeck 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 industry.

For information on how to trade Rhinebeck Stock refer to our How to Trade Rhinebeck Stock guide.

Moving together with Rhinebeck Stock

0.82	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.69	RF	Regions Financial Buyout Trend	Pair Corr
0.76	TECTP	Tectonic Financial	Pair Corr
0.61	KEY-PK	KeyCorp Earnings Call This Week	Pair Corr
0.82	KEY-PL	KeyCorp Earnings Call This Week	Pair Corr
0.73	TFINP	Triumph Financial	Pair Corr
0.81	WSBCP	WesBanco Earnings Call This Week	Pair Corr

Moving against Rhinebeck Stock

0.58	ECBK	ECB Bancorp	Pair Corr
0.52	TFC-PI	Truist Financial	Pair Corr
0.32	EBMT	Eagle Bancorp Montana Earnings Call This Week	Pair Corr
0.46	FCAP	First Capital Earnings Call This Week	Pair Corr
0.44	WSBK	Winchester Bancorp,	Pair Corr
0.36	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	SFBC	FNWD	FRAF	CWBC	PVBC	RMBI	RRBI	BCOW	PBFS
SFBC		0.77	0.44	-0.69	-0.86	0.14	-0.73	0.0	-0.72	SFBC
FNWD	0.77		0.45	-0.76	-0.57	0.23	-0.44	0.0	-0.47	FNWD
FRAF	0.44	0.45		-0.13	-0.4	0.33	-0.27	0.0	-0.25	FRAF
CWBC	-0.69	-0.76	-0.13		0.68	0.29	0.65	0.0	0.72	CWBC
PVBC	-0.86	-0.57	-0.4	0.68		0.0	0.9	0.0	0.83	PVBC
RMBI	0.14	0.23	0.33	0.29	0.0		0.04	0.0	0.21	RMBI
RRBI	-0.73	-0.44	-0.27	0.65	0.9	0.04		0.0	0.89	RRBI
BCOW	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	BCOW
PBFS	-0.72	-0.47	-0.25	0.72	0.83	0.21	0.89	0.0		PBFS
	SFBC	FNWD	FRAF	CWBC	PVBC	RMBI	RRBI	BCOW	PBFS

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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

RRBI	+ 0.9	PVBC
PBFS	+ 0.89	RRBI
PBFS	+ 0.83	PVBC
FNWD	+ 0.77	SFBC
PBFS	+ 0.72	CWBC
PVBC	+ 0.68	CWBC

High negative correlations

PVBC	- 0.86	SFBC
CWBC	- 0.76	FNWD
RRBI	- 0.73	SFBC
PBFS	- 0.72	SFBC
CWBC	- 0.69	SFBC
PVBC	- 0.57	FNWD

Risk-Adjusted Indicators

There is a big difference between Rhinebeck Stock performing well and Rhinebeck 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 Rhinebeck 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
SFBC	0.82	(0.21)	0.00	(0.40)	0.00	0.00	2.17	(1.86)	8.00
FNWD	0.82	(0.23)	0.00	(0.97)	0.00	0.00	1.88	(2.10)	5.91
FRAF	0.80	0.06	(0.06)	0.45	0.71	(1.12)	2.72	(1.56)	7.34
CWBC	1.19	0.27	0.24	0.37	0.73	(1.47)	3.23	(1.38)	8.56
PVBC	0.81	0.18	0.11	0.46	0.90	(0.93)	1.91	(1.64)	5.77
RMBI	1.38	0.05	0.00	0.20	1.64	(1.43)	2.76	(2.66)	9.91
RRBI	1.22	0.28	0.19	0.47	0.95	(1.42)	3.33	(2.34)	6.51
BCOW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PBFS	1.18	0.03	(0.01)	0.18	1.22	(1.30)	2.34	(2.00)	7.11

Rhinebeck Bancorp Corporate Management

Timmian Massie	Chief Officer	Profile
Dawn Scherer	Senior Technology	Profile
Jeanine Borko	Senior Resources	Profile
Patrick Laffin	Senior Payments	Profile
Vincent LoBosco	Senior Lending	Profile
Jamie Bloom	COO VP	Profile
Richard Kolosky	Senior West	Profile

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