Ames National Correlations

ATLO Stock

USD 21.43 0.11 0.52%

The current 90-days correlation between Ames National and National Bankshares is 0.61 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ames National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ames National moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Ames National Correlation With Market

Very weak diversification

The correlation between Ames National and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ames National and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ames Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ames National. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

To learn how to invest in Ames Stock, please use our How to Invest in Ames National guide.

Moving together with Ames Stock

0.63	BIRG	Bank of Ireland	Pair Corr
0.71	SBID	State Bank	Pair Corr
0.8	RRBI	Red River Bancshares	Pair Corr
0.77	GS	Goldman Sachs Group	Pair Corr
0.85	FET	Forum Energy Technologies Earnings Call Today	Pair Corr
0.85	BK	Bank of New York	Pair Corr

Moving against Ames Stock

0.55	CBNK	Capital Bancorp	Pair Corr
0.42	MTRO	Metro Bank PLC	Pair Corr
0.4	NFBK	Northfield Bancorp	Pair Corr

Related Correlations Analysis

	NKSH	MNSB	EFSI	FCCO	OVBC	CBNA	FRAF	OPBK	AVBH	VABK
NKSH		0.61	0.42	0.53	0.66	0.14	0.32	0.73	0.01	0.58	NKSH
MNSB	0.61		0.16	0.1	0.44	-0.16	-0.05	0.84	-0.37	0.34	MNSB
EFSI	0.42	0.16		0.9	0.81	0.71	0.7	0.51	0.54	0.03	EFSI
FCCO	0.53	0.1	0.9		0.81	0.74	0.77	0.51	0.54	0.14	FCCO
OVBC	0.66	0.44	0.81	0.81		0.52	0.59	0.71	0.3	0.15	OVBC
CBNA	0.14	-0.16	0.71	0.74	0.52		0.69	0.18	0.7	-0.18	CBNA
FRAF	0.32	-0.05	0.7	0.77	0.59	0.69		0.3	0.61	-0.03	FRAF
OPBK	0.73	0.84	0.51	0.51	0.71	0.18	0.3		0.05	0.44	OPBK
AVBH	0.01	-0.37	0.54	0.54	0.3	0.7	0.61	0.05		0.02	AVBH
VABK	0.58	0.34	0.03	0.14	0.15	-0.18	-0.03	0.44	0.02		VABK
	NKSH	MNSB	EFSI	FCCO	OVBC	CBNA	FRAF	OPBK	AVBH	VABK

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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

FCCO	+ 0.9	EFSI
OPBK	+ 0.84	MNSB
OVBC	+ 0.81	EFSI
OVBC	+ 0.81	FCCO
FRAF	+ 0.77	FCCO
CBNA	+ 0.74	FCCO

High negative correlations

AVBH	- 0.37	MNSB
VABK	- 0.18	CBNA
CBNA	- 0.16	MNSB
FRAF	- 0.05	MNSB
VABK	- 0.03	FRAF

Risk-Adjusted Indicators

There is a big difference between Ames Stock performing well and Ames National 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 Ames National'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
NKSH	1.37	0.00	0.01	0.07	1.70	(1.42)	3.60	(3.20)	10.94
MNSB	0.98	(0.26)	0.00	(0.22)	0.00	0.00	2.19	(2.16)	8.80
EFSI	0.91	0.00	0.00	0.07	1.14	(1.11)	2.37	(2.34)	10.53
FCCO	0.95	0.03	0.02	0.10	1.36	(1.01)	2.04	(2.43)	8.26
OVBC	1.07	(0.02)	(0.03)	0.04	1.42	(1.01)	1.97	(2.32)	8.07
CBNA	1.26	0.11	0.05	0.20	1.60	(1.35)	3.25	(2.71)	9.33
FRAF	1.01	0.31	0.19	(4.64)	0.91	(1.27)	3.17	(1.76)	11.51
OPBK	1.16	(0.16)	0.00	(0.04)	0.00	0.00	2.54	(2.22)	8.86
AVBH	0.70	0.04	0.01	0.15	0.74	(0.91)	1.89	(1.60)	5.10
VABK	1.67	(0.06)	(0.01)	0.03	2.19	(1.83)	3.85	(3.03)	11.58

Ames National Corporate Management

Justin Clausen	Chief Officer	Profile
Michael Wilson	Executive Officer	Profile
Lori Hill	Valuation Officer	Profile
Buffy Clatt	VP Director	Profile
Jennifer Hanson	VP Director	Profile

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