Which stocks are most correlated with NECB?

Based on one year of daily returns, the stocks most correlated with Northeast Community Bancorp, Inc. (NECB) are BFST (0.75), IBCP (0.75) and FBIZ (0.74). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with NECB?

Over the past year, the stocks most inversely correlated with Northeast Community Bancorp, Inc. (NECB) are SKRE (-0.68), SDD (-0.45) and SBB (-0.45). A negative correlation means the two stocks have tended to move in opposite directions.

Northeast Community Bancorp, Inc. (NECB) — Stock Correlations & Overview

Over the past year, NECB has moved most closely with BFST, IBCP, FBIZ. Explore the stocks most correlated and inversely correlated with NECB below, along with its price, financials, and company profile.

Stocks correlated with NECB

Correlation of daily returns. Higher positive values move with NECB; negative values move opposite it. Informational only, not investment advice.

Most correlated with NECB

Symbol	Company	Correlation
BFST	Business First Bancshares, Inc. Common StockSTATE COMMERCIAL BANKS	0.75
IBCP	Independent Bank Corp.STATE COMMERCIAL BANKS	0.75
FBIZ	First Business Financial Services, Inc.STATE COMMERCIAL BANKS	0.74
MBWM	Mercantile Bank CorpSTATE COMMERCIAL BANKS	0.74
SRCE	1st Source CorpSTATE COMMERCIAL BANKS	0.74

Most inversely correlated with NECB

Symbol	Company	Correlation
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.68
SDD	ProShares UltraShort SmallCap600	-0.45
SBB	ProShares Short SmallCap600	-0.45
FAZ	Direxion Daily Financial Bear 3x ETF	-0.43
SKF	ProShares UltraShort Financials	-0.41

Frequently asked questions about NECB correlations

Which stocks are most correlated with NECB?: Based on one year of daily returns, the stocks most correlated with Northeast Community Bancorp, Inc. (NECB) are BFST (0.75), IBCP (0.75) and FBIZ (0.74). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with NECB?: Over the past year, the stocks most inversely correlated with Northeast Community Bancorp, Inc. (NECB) are SKRE (-0.68), SDD (-0.45) and SBB (-0.45). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these NECB correlations calculated?: We compute the correlation of daily returns between NECB and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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