Northrim BanCorp Inc (NRIM) — Stock Correlations & Overview
Over the past year, NRIM has moved most closely with QABA, GSBC, DPST. Explore the stocks most correlated and inversely correlated with NRIM below, along with its price, financials, and company profile.
Stocks correlated with NRIM
Correlation of daily returns. Higher positive values move with NRIM; negative values move opposite it. Informational only, not investment advice.
Most correlated with NRIM
| Symbol | Company | Correlation |
|---|---|---|
| QABA | First Trust NASDAQ ABA Community Bank Index Fund | 0.81 |
| GSBC | Great Southern Bancorp IncSTATE COMMERCIAL BANKS | 0.78 |
| DPST | Direxion Daily Regional Banks Bull 3X ETF | 0.77 |
| KRE | State Street SPDR S&P Regional Banking ETF | 0.77 |
| MPB | Mid Penn Bancorp, Inc.STATE COMMERCIAL BANKS | 0.77 |
Most inversely correlated with NRIM
| Symbol | Company | Correlation |
|---|---|---|
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.77 |
| SDD | ProShares UltraShort SmallCap600 | -0.56 |
| SBB | ProShares Short SmallCap600 | -0.54 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.48 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.48 |
Frequently asked questions about NRIM correlations
- Which stocks are most correlated with NRIM?
- Based on one year of daily returns, the stocks most correlated with Northrim BanCorp Inc (NRIM) are QABA (0.81), GSBC (0.78) and DPST (0.77). 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 NRIM?
- Over the past year, the stocks most inversely correlated with Northrim BanCorp Inc (NRIM) are SKRE (-0.77), SDD (-0.56) and SBB (-0.54). 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 NRIM correlations calculated?
- We compute the correlation of daily returns between NRIM 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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