Mechanics Bank Correlations

Summary

MCHBDelisted Stock

USD 26,000 0.00 0.00%

The current 90-days correlation between Mechanics Bank and Home Bancorp is 0.09 (i.e., Significant diversification). The correlation of Mechanics Bank 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.

Mechanics Bank Correlation With Market

Good diversification

The correlation between Mechanics Bank and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mechanics Bank and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Mechanics Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mechanics Bank when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mechanics Bank - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mechanics Bank to buy it.

Moving against Mechanics Pink Sheet

0.44

Boeing Fiscal Year End 29th of January 2025

Pair Corr

Related Correlations Analysis

	MNMB	CFOK	MNBO	OSBK	HRBK	HBCP	CWBC	WABC	FNWD
MNMB		0.41	0.31	0.44	-0.26	0.36	-0.25	0.15	0.38	MNMB
CFOK	0.41		0.07	0.6	-0.03	0.7	-0.1	0.54	0.84	CFOK
MNBO	0.31	0.07		-0.09	-0.04	0.43	0.22	0.45	-0.3	MNBO
OSBK	0.44	0.6	-0.09		0.01	0.52	0.05	0.4	0.51	OSBK
HRBK	-0.26	-0.03	-0.04	0.01		0.11	0.69	0.29	-0.12	HRBK
HBCP	0.36	0.7	0.43	0.52	0.11		0.46	0.93	0.37	HBCP
CWBC	-0.25	-0.1	0.22	0.05	0.69	0.46		0.68	-0.36	CWBC
WABC	0.15	0.54	0.45	0.4	0.29	0.93	0.68		0.16	WABC
FNWD	0.38	0.84	-0.3	0.51	-0.12	0.37	-0.36	0.16		FNWD
	MNMB	CFOK	MNBO	OSBK	HRBK	HBCP	CWBC	WABC	FNWD

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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

WABC	+ 0.93	HBCP
FNWD	+ 0.84	CFOK
HBCP	+ 0.7	CFOK
CWBC	+ 0.69	HRBK
WABC	+ 0.68	CWBC
OSBK	+ 0.6	CFOK

High negative correlations

FNWD	- 0.36	CWBC
FNWD	- 0.3	MNBO
HRBK	- 0.26	MNMB
CWBC	- 0.25	MNMB
FNWD	- 0.12	HRBK
CWBC	- 0.1	CFOK

Risk-Adjusted Indicators

There is a big difference between Mechanics Pink Sheet performing well and Mechanics Bank 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 Mechanics Bank'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
MNMB	0.63	(0.03)	(0.05)	0.01	1.05	(1.40)	1.69	(2.20)	11.45
CFOK	1.35	0.30	0.07	2.74	1.45	(2.04)	3.66	(2.78)	13.45
MNBO	0.27	(0.05)	0.00	0.97	0.00	0.00	0.00	0.00	7.32
OSBK	0.19	0.07	0.00	(1.37)	0.00	0.00	0.64	0.00	5.04
HRBK	1.16	0.31	0.04	(0.64)	1.18	(3.74)	3.94	(2.80)	15.81
HBCP	1.61	0.04	0.07	0.15	1.76	(1.88)	3.67	(3.12)	10.19
CWBC	1.03	(0.01)	0.01	0.11	1.12	(1.11)	2.53	(2.16)	9.14
WABC	1.33	(0.05)	0.05	0.09	1.29	(1.48)	2.80	(1.99)	16.18
FNWD	0.96	0.16	0.07	0.72	0.75	(1.21)	2.48	(1.80)	12.55

View Mechanics Bank Related Equities

Merchants Marine Bancorp Community First Bancorporation MNB Holdings Corp Oconee Financial Harbor Bankshares Home Bancorp Community West Bancshares Westamerica Bancorporation Finward Bancorp Plumas Bancorp Glacier Bancorp Capitol Federal Financial Byline Bancorp Cathay General Bancorp First Financial Bankshares

Risk & Return

Correlation

Mechanics Bank Corporate Management

Gary Staring	VP	Profile
Christopher Pierce	Ex COO	Profile
Brett Reid	Ex Officer	Profile
Raulin Butler	Ex Banking	Profile
John DeCero	CEO Pres	Profile
David Louis	VP Communications	Profile
Kristie Shields	Ex Counsel	Profile

Still Interested in Mechanics Bank?

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