Nmb Financial Correlations

NMBF Stock  USD 14.00  0.90  6.87%   
The current 90-days correlation between Nmb Financial Corp and First Hawaiian is -0.18 (i.e., Good diversification). The correlation of Nmb 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.

Nmb Financial Correlation With Market

Significant diversification

The correlation between Nmb Financial Corp and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nmb Financial Corp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Nmb Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nmb Financial 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 Nmb Financial - 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 Nmb Financial Corp to buy it.

Moving together with Nmb Pink Sheet

  0.92USB-PH US BancorpPairCorr
  0.8PNC PNC Financial Services Fiscal Year End 21st of January 2025 PairCorr
  0.94AAC Ares AcquisitionPairCorr
  0.81ARTE Artemis StrategicPairCorr
  0.94TRCA Twin Ridge CapitalPairCorr
  0.95APAC Stonebridge Acquisition Symbol ChangePairCorr
  0.85WMT Walmart Aggressive PushPairCorr
  0.96CSCO Cisco SystemsPairCorr
  0.78CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.93AA Alcoa Corp Sell-off TrendPairCorr
  0.86T ATT Inc Aggressive PushPairCorr
  0.75HD Home DepotPairCorr
  0.79DIS Walt Disney Aggressive PushPairCorr
  0.86AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.84TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr

Moving against Nmb Pink Sheet

  0.94BBAS3 Banco do BrasilPairCorr
  0.75BBDC4 Banco Bradesco SAPairCorr
  0.62CVI CVR EnergyPairCorr
  0.59BNPQY BNP Paribas SAPairCorr
  0.89MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.84KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.77JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.56BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
KEYZION
FITBKEY
ZIONFHB
FITBCMA
FITBZION
KEYFHB
  
High negative correlations   
ITUBZION
ITUBCMA
FITBITUB
LYGFHB
ITUBKEY
ZIONBOH-PA

Risk-Adjusted Indicators

There is a big difference between Nmb Pink Sheet performing well and Nmb 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 Nmb 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FHB  1.33 (0.01) 0.05  0.10  1.44 
 2.72 
 16.01 
CPF  1.77  0.01  0.06  0.11  2.06 
 3.31 
 17.89 
TBNK  1.82 (0.04) 0.03  0.08  2.04 
 4.63 
 15.39 
CMA  1.46  0.15  0.15  0.18  1.38 
 3.23 
 14.10 
BOH-PA  0.89 (0.12) 0.00 (0.44) 0.00 
 1.33 
 4.53 
LYG  1.41 (0.26) 0.00 (0.26) 0.00 
 2.54 
 12.01 
ZION  1.65  0.04  0.11  0.12  1.50 
 3.51 
 20.65 
KEY  1.42 (0.07) 0.05  0.07  1.41 
 2.97 
 19.86 
ITUB  1.21 (0.31) 0.00 (1.12) 0.00 
 2.28 
 10.08 
FITB  1.07 (0.01) 0.05  0.10  1.02 
 2.23 
 10.60 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nmb Financial without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Economic Indicators Now

   

Economic Indicators

Top statistical indicators that provide insights into how an economy is performing
All  Next Launch Module

Nmb Financial Corporate Management