Rhinebeck Bancorp Correlations

RBKB Stock

USD 10.31 0.02 0.19%

The current 90-days correlation between Rhinebeck Bancorp and First Guaranty Bancshares is 0.47 (i.e., Very weak diversification). The correlation of Rhinebeck Bancorp 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.

Rhinebeck Bancorp Correlation With Market

Very good diversification

The correlation between Rhinebeck Bancorp and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rhinebeck Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Rhinebeck Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rhinebeck Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

For information on how to trade Rhinebeck Stock refer to our How to Trade Rhinebeck Stock guide.

Moving together with Rhinebeck Stock

0.66	VZ	Verizon Communications	Pair Corr
0.72	PG	Procter Gamble Earnings Call This Week	Pair Corr
0.7	BA	Boeing	Pair Corr

Moving against Rhinebeck Stock

0.74	IBM	International Business Earnings Call This Week	Pair Corr
0.73	INTC	Intel	Pair Corr
0.66	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.6	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.56	WMT	Walmart	Pair Corr
0.5	JNJ	Johnson Johnson	Pair Corr
0.42	AXP	American Express	Pair Corr
0.35	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.34	MSFT	Microsoft	Pair Corr
0.33	BAC	Bank of America	Pair Corr

Related Correlations Analysis

	FGBI	SBFG	PNBK	AFBI	SFBC	SRBK	ECBK	EBMT	UNB
FGBI		-0.27	-0.3	0.22	-0.16	0.01	-0.22	0.01	-0.02	FGBI
SBFG	-0.27		0.37	0.21	0.56	0.36	0.83	0.46	0.31	SBFG
PNBK	-0.3	0.37		-0.43	0.38	-0.56	0.42	-0.53	0.69	PNBK
AFBI	0.22	0.21	-0.43		0.07	0.63	0.0	0.5	-0.48	AFBI
SFBC	-0.16	0.56	0.38	0.07		0.25	0.75	0.24	0.31	SFBC
SRBK	0.01	0.36	-0.56	0.63	0.25		0.32	0.9	-0.39	SRBK
ECBK	-0.22	0.83	0.42	0.0	0.75	0.32		0.41	0.5	ECBK
EBMT	0.01	0.46	-0.53	0.5	0.24	0.9	0.41		-0.32	EBMT
UNB	-0.02	0.31	0.69	-0.48	0.31	-0.39	0.5	-0.32		UNB
	FGBI	SBFG	PNBK	AFBI	SFBC	SRBK	ECBK	EBMT	UNB

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

EBMT	+ 0.9	SRBK
ECBK	+ 0.83	SBFG
ECBK	+ 0.75	SFBC
UNB	+ 0.69	PNBK
SRBK	+ 0.63	AFBI
SFBC	+ 0.56	SBFG

High negative correlations

SRBK	- 0.56	PNBK
EBMT	- 0.53	PNBK
UNB	- 0.48	AFBI
AFBI	- 0.43	PNBK
UNB	- 0.39	SRBK
UNB	- 0.32	EBMT

Risk-Adjusted Indicators

There is a big difference between Rhinebeck Stock performing well and Rhinebeck Bancorp 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 Rhinebeck Bancorp'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
FGBI	1.71	(0.21)	0.00	(0.42)	0.00	0.00	3.75	(4.11)	18.63
SBFG	1.40	(0.04)	0.00	0.12	0.00	0.00	2.96	(3.06)	12.68
PNBK	2.99	(0.03)	0.00	0.07	0.00	0.00	6.76	(6.13)	24.18
AFBI	0.75	(0.06)	0.00	(0.13)	0.00	0.00	1.86	(1.58)	6.77
SFBC	1.01	0.03	(0.02)	(0.07)	1.21	(1.16)	2.77	(2.19)	6.45
SRBK	0.84	0.02	(0.03)	(0.06)	1.04	(0.97)	1.96	(1.62)	6.23
ECBK	1.10	(0.11)	0.00	0.40	0.00	0.00	1.81	(2.43)	7.71
EBMT	0.90	0.01	0.00	0.03	0.00	0.00	1.96	(1.77)	5.94
UNB	1.31	(0.14)	0.00	0.30	0.00	0.00	3.58	(2.61)	8.90

Rhinebeck Bancorp Corporate Management

Timmian Massie	Chief Officer	Profile
Dawn Scherer	Senior Technology	Profile
Jeanine Borko	Senior Resources	Profile
Patrick Laffin	Senior Payments	Profile
Vincent LoBosco	Senior Lending	Profile
Jamie Bloom	COO VP	Profile
Richard Kolosky	Senior West	Profile

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