Richmond Mutual Correlations

RMBI Stock

USD 14.13 0.17 1.22%

The current 90-days correlation between Richmond Mutual Banc and Eagle Bancorp Montana is 0.44 (i.e., Very weak diversification). The correlation of Richmond Mutual 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.

Richmond Mutual Correlation With Market

Weak diversification

The correlation between Richmond Mutual Bancorp. and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Richmond Mutual Bancorp. and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Richmond Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Richmond Mutual Bancorporation. 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.

Moving together with Richmond Stock

0.83	EFSC	Enterprise Financial	Pair Corr
0.7	FBNC	First Bancorp Normal Trading	Pair Corr
0.92	AUB	Atlantic Union Bankshares Normal Trading	Pair Corr
0.77	CCB	Coastal Financial Corp	Pair Corr
0.81	FCF	First Commonwealth	Pair Corr
0.89	FRME	First Merchants	Pair Corr
0.76	FNB	FNB Corp	Pair Corr
0.79	FVCB	FVCBankcorp	Pair Corr
0.85	LOB	Live Oak Bancshares Normal Trading	Pair Corr
0.63	NIC	Nicolet Bankshares	Pair Corr
0.85	ONB	Old National Bancorp	Pair Corr
0.87	SSB	SouthState	Pair Corr
0.61	GABC	German American Bancorp	Pair Corr
0.71	TMP	Tompkins Financial	Pair Corr
0.88	NBHC	National Bank Holdings Normal Trading	Pair Corr
0.76	NBTB	NBT Bancorp	Pair Corr
0.75	VBNK	VersaBank	Pair Corr
0.73	LB	Laurentian Bank	Pair Corr
0.77	AFBI	Affinity Bancshares	Pair Corr
0.68	SRBK	SR Bancorp Common	Pair Corr
0.65	SRCE	1st Source	Pair Corr
0.83	BANR	Banner	Pair Corr
0.74	STEL	Stellar Bancorp	Pair Corr
0.79	BFIN	BankFinancial	Pair Corr
0.64	SYBT	Stock Yards Bancorp	Pair Corr

Moving against Richmond Stock

0.79	601658	Postal Savings Bank	Pair Corr
0.72	601665	Qilu Bank	Pair Corr

Related Correlations Analysis

	EBMT	SBFG	FCAP	AFBI	SFBC	MGYR	PNBK	CFBK	ECBK	LSBK
EBMT		0.74	0.87	0.88	-0.53	0.76	0.93	0.85	0.4	0.6	EBMT
SBFG	0.74		0.9	0.66	-0.46	0.36	0.7	0.56	0.72	0.83	SBFG
FCAP	0.87	0.9		0.8	-0.46	0.49	0.84	0.71	0.58	0.76	FCAP
AFBI	0.88	0.66	0.8		-0.46	0.74	0.88	0.77	0.26	0.53	AFBI
SFBC	-0.53	-0.46	-0.46	-0.46		-0.3	-0.53	-0.53	-0.47	-0.65	SFBC
MGYR	0.76	0.36	0.49	0.74	-0.3		0.75	0.67	0.08	0.19	MGYR
PNBK	0.93	0.7	0.84	0.88	-0.53	0.75		0.84	0.3	0.49	PNBK
CFBK	0.85	0.56	0.71	0.77	-0.53	0.67	0.84		0.29	0.44	CFBK
ECBK	0.4	0.72	0.58	0.26	-0.47	0.08	0.3	0.29		0.83	ECBK
LSBK	0.6	0.83	0.76	0.53	-0.65	0.19	0.49	0.44	0.83		LSBK
	EBMT	SBFG	FCAP	AFBI	SFBC	MGYR	PNBK	CFBK	ECBK	LSBK

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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

PNBK	+ 0.93	EBMT
FCAP	+ 0.9	SBFG
AFBI	+ 0.88	EBMT
PNBK	+ 0.88	AFBI
FCAP	+ 0.87	EBMT
CFBK	+ 0.85	EBMT

High negative correlations

LSBK	- 0.65	SFBC
CFBK	- 0.53	SFBC
PNBK	- 0.53	SFBC
SFBC	- 0.53	EBMT
ECBK	- 0.47	SFBC
SFBC	- 0.46	AFBI

Risk-Adjusted Indicators

There is a big difference between Richmond Stock performing well and Richmond Mutual 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 Richmond Mutual'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
EBMT	1.04	0.21	0.12	0.61	1.09	(1.12)	2.41	(1.78)	5.59
SBFG	2.19	0.15	0.04	0.65	2.56	(2.31)	4.58	(3.96)	11.14
FCAP	2.26	0.21	0.06	1.82	2.35	(2.99)	5.10	(4.26)	17.14
AFBI	1.21	0.03	(0.01)	0.14	1.48	(1.45)	2.51	(2.54)	13.88
SFBC	0.60	(0.10)	0.00	(0.27)	0.00	0.00	1.09	(1.30)	6.34
MGYR	0.83	0.03	(0.04)	1.09	1.05	(0.92)	1.81	(1.61)	6.78
PNBK	3.72	0.42	0.06	(4.16)	4.82	(3.84)	6.98	(8.24)	21.96
CFBK	1.06	0.15	0.06	0.61	1.12	(1.13)	2.62	(2.10)	9.66
ECBK	1.06	0.16	0.06	0.64	1.24	(1.15)	2.61	(2.38)	11.46
LSBK	0.81	0.20	0.12	2.07	0.77	(0.91)	2.39	(1.18)	5.78

Richmond Mutual Corporate Management

Bradley Glover	Controller VP	Profile
Lynette Lafuse	Senior Compliance	Profile
Kristi Herig	Senior Manager	Profile
Clayton Judd	Senior Resources	Profile
Beth Brittenham	Senior Richmond	Profile
Albert Fullerton	Chief VP	Profile
Pamela Stoops	Senior Richmond	Profile

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