Tompkins Financial Correlations

Stocks . USA . 
Stock . Tompkins Financial
TMP Stock  USD 65.49  0.18  0.27%   
The current 90-days correlation between Tompkins Financial and First Financial is 0.84 (i.e., Very poor diversification). The correlation of Tompkins Financial 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Tompkins Financial Correlation With Market

Poor diversification

The correlation between Tompkins Financial and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tompkins Financial and DJI in the same portfolio, assuming nothing else is changed.
  
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Risk-Adjusted Indicators

There is a big difference between Tompkins Stock performing well and Tompkins Financial 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 Tompkins Financial'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.

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