Meridian Bank Correlations

Stocks . USA . 
Stock . Meridian Bank
MRBK Stock  USD 15.75  0.25  1.56%   
The current 90-days correlation between Meridian Bank and Community West Bancshares is 0.36 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Meridian Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Meridian Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Meridian Bank Correlation With Market

Weak diversification

The correlation between Meridian Bank and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meridian Bank and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Meridian Bank. 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 Meridian Stock please use our How to buy in Meridian Stock guide.

Moving together with Meridian Stock

  0.81AX Axos FinancialPairCorr
  0.8BY Byline Bancorp Fiscal Year End 23rd of January 2025 PairCorr
  0.83PB Prosperity Bancshares Fiscal Year End 22nd of January 2025 PairCorr
  0.87RF Regions Financial Fiscal Year End 17th of January 2025 PairCorr
  0.88VBNK VersaBankPairCorr
  0.87VBTX Veritex Holdings Fiscal Year End 28th of January 2025 PairCorr
  0.75TECTP Tectonic FinancialPairCorr
  0.9EBMT Eagle Bancorp Montana Fiscal Year End 28th of January 2025 PairCorr
  0.8EBTC Enterprise Bancorp Normal TradingPairCorr
  0.7ECBK ECB BancorpPairCorr
  0.83EFSC Enterprise Financial Fiscal Year End 27th of January 2025 PairCorr
  0.86EGBN Eagle Bancorp Fiscal Year End 22nd of January 2025 PairCorr
  0.69KEY-PK KeyCorpPairCorr
  0.83KEY-PL KeyCorpPairCorr
  0.79WABC Westamerica Bancorporation Fiscal Year End 16th of January 2025 PairCorr
  0.71WASH Washington Trust Bancorp Fiscal Year End 22nd of January 2025 PairCorr
  0.71BANC-PF Banc of CaliforniaPairCorr
  0.84EQBK Equity Bancshares, Fiscal Year End 22nd of January 2025 PairCorr
  0.79ESSA ESSA BancorpPairCorr
  0.83EVBN Evans BancorpPairCorr
  0.88WSBCP WesBancoPairCorr
  0.83WMPN William Penn BancorpPairCorr
  0.87WNEB Western New England Fiscal Year End 28th of January 2025 PairCorr

Moving against Meridian Stock

  0.8TFC-PO Truist FinancialPairCorr
  0.77CFG-PE Citizens FinancialPairCorr
  0.76TFC-PR Truist FinancialPairCorr
  0.46NU Nu Holdings Aggressive PushPairCorr
  0.58FRCIL First Republic BankPairCorr
  0.55FRCCL First Republic BankPairCorr
  0.55FRCHL First Republic BankPairCorr
  0.55FRCKL First Republic BankPairCorr
  0.55FRCML First Republic BankPairCorr
  0.52FRCLL First Republic BankPairCorr
  0.45WAFDP Washington FederalPairCorr

Related Correlations Analysis

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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   
ISTR
+ 0.68
CWBC
FNWB
+ 0.68
CWBC
HMNF
+ 0.56
ISTR
FCAP
+ 0.56
FNWD
HMNF
+ 0.49
CWBC
FNWB
+ 0.36
ISTR
  
High negative correlations   
OFED
- 0.87
ISTR
FCAP
- 0.75
CWBC
FCAP
- 0.55
FNWB
CULL
- 0.5
HMNF
CULL
- 0.43
ISTR
OFED
- 0.42
CWBC

Risk-Adjusted Indicators

There is a big difference between Meridian Stock performing well and Meridian 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 Meridian 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CWBC  1.05 (0.01) 0.02  0.10  1.14 
(1.15)
 2.53 
(2.16)
 9.14 
ISTR  1.46  0.21  0.20  0.22  1.07 
(1.74)
 3.41 
(2.50)
 17.09 
FNWD  1.05  0.15  0.07  0.49  0.83 
(1.31)
 2.57 
(1.90)
 12.55 
FFNW  0.62 (0.04) 0.00 (0.18) 0.00 
 0.00 
 1.36 
(1.20)
 4.32 
FNWB  1.58 (0.11)(0.07)(0.01) 1.76 
(1.87)
 3.17 
(2.82)
 14.21 
HFBL  1.43 (0.09) 0.00 (0.09) 0.00 
 0.00 
 3.75 
(4.31)
 17.43 
HMNF  1.88  0.47  0.12 (0.60) 1.85 
(2.37)
 4.29 
(3.19)
 13.15 
OFED  2.13 (0.19) 0.00  0.54  0.00 
 0.00 
 3.48 
(5.28)
 12.66 
CULL  0.51 (0.12) 0.00 (3.11) 0.00 
 0.00 
 1.18 
(1.64)
 4.73 
FCAP  1.75 (0.11)(0.06)(0.01) 1.91 
(2.42)
 6.30 
(3.53)
 14.42 

Meridian Bank Corporate Management

Mary MessmerExecutive BankingProfile
Denise LindsayCFO VPProfile
James NelsenCredit OfficerProfile
Edward CarpolettiSenior ManagementProfile
Thomas CampbellSenior LendingProfile
Rocco PerateExecutive LendingProfile
David FitzellVP LendingProfile
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