Riverview Bancorp Correlations

RVSB Stock

USD 5.53 0.07 1.28%

The current 90-days correlation between Riverview Bancorp and FVCBankcorp is -0.06 (i.e., Good diversification). The correlation of Riverview 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.

Riverview Bancorp Correlation With Market

Good diversification

The correlation between Riverview Bancorp and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Riverview 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 Riverview 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 state.

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

Moving together with Riverview Stock

0.78	TFC-PI	Truist Financial	Pair Corr
0.7	EBMT	Eagle Bancorp Montana	Pair Corr
0.63	ECBK	ECB Bancorp	Pair Corr
0.75	WAFDP	Washington Federal	Pair Corr

Moving against Riverview Stock

0.77	EBTC	Enterprise Bancorp	Pair Corr
0.6	KB	KB Financial Group	Pair Corr
0.57	WF	Woori Financial Group Earnings Call Tomorrow	Pair Corr
0.5	TECTP	Tectonic Financial	Pair Corr
0.4	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.34	RF	Regions Financial Normal Trading	Pair Corr
0.32	AX	Axos Financial Earnings Call This Week	Pair Corr
0.56	TFINP	Triumph Financial	Pair Corr
0.42	KEY-PL	KeyCorp Earnings Call Today	Pair Corr
0.37	BANC-PF	Banc of California	Pair Corr
0.32	WSBCP	WesBanco Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	FVCB	CWBC	BSRR	FNWB	TSBK	SHBI	UBFO	PROV	SMBC
FVCB		0.93	0.91	-0.51	0.91	0.93	0.56	0.75	0.9	FVCB
CWBC	0.93		0.98	-0.67	0.89	0.97	0.46	0.79	0.92	CWBC
BSRR	0.91	0.98		-0.66	0.91	0.96	0.45	0.75	0.94	BSRR
FNWB	-0.51	-0.67	-0.66		-0.49	-0.7	0.24	-0.7	-0.43	FNWB
TSBK	0.91	0.89	0.91	-0.49		0.9	0.62	0.77	0.93	TSBK
SHBI	0.93	0.97	0.96	-0.7	0.9		0.45	0.86	0.9	SHBI
UBFO	0.56	0.46	0.45	0.24	0.62	0.45		0.34	0.67	UBFO
PROV	0.75	0.79	0.75	-0.7	0.77	0.86	0.34		0.7	PROV
SMBC	0.9	0.92	0.94	-0.43	0.93	0.9	0.67	0.7		SMBC
	FVCB	CWBC	BSRR	FNWB	TSBK	SHBI	UBFO	PROV	SMBC

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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

BSRR	+ 0.98	CWBC
SHBI	+ 0.97	CWBC
SHBI	+ 0.96	BSRR
SMBC	+ 0.94	BSRR
CWBC	+ 0.93	FVCB
SHBI	+ 0.93	FVCB

High negative correlations

PROV	- 0.7	FNWB
SHBI	- 0.7	FNWB
FNWB	- 0.67	CWBC
FNWB	- 0.66	BSRR
FNWB	- 0.51	FVCB
TSBK	- 0.49	FNWB

Risk-Adjusted Indicators

There is a big difference between Riverview Stock performing well and Riverview 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 Riverview 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
FVCB	1.39	0.35	0.25	0.61	0.83	(1.77)	3.45	(1.86)	7.90
CWBC	1.18	0.27	0.25	0.37	0.66	(1.48)	3.23	(1.38)	8.56
BSRR	1.47	0.13	0.11	0.23	1.38	(1.69)	3.43	(2.38)	10.03
FNWB	1.79	(0.26)	0.00	2.04	0.00	0.00	3.90	(3.81)	13.72
TSBK	1.48	0.09	0.05	0.24	1.46	(1.65)	3.16	(2.54)	6.81
SHBI	1.32	0.29	0.22	0.37	1.13	(1.58)	3.37	(1.91)	11.64
UBFO	1.46	0.04	0.03	0.18	1.48	(1.66)	4.30	(2.40)	9.95
PROV	0.98	0.08	0.02	0.28	0.98	(1.33)	2.08	(1.59)	7.81
SMBC	1.13	0.10	0.08	0.23	1.20	(1.25)	2.77	(2.65)	10.10

Riverview Bancorp Corporate Management

Teresa Baker	VP Secretary	Profile
Michael Sventek	Executive Officer	Profile
Tracie Jellison	Ex Officer	Profile
Charmaine Lightheart	Executive Officer	Profile

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