Which stocks are most correlated with RMBI?

Based on one year of daily returns, the stocks most correlated with Richmond Mutual Bancorporation, Inc. Common Stock (RMBI) are PFIS (0.58), CAC (0.58) and BHRB (0.58). 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 RMBI?

Over the past year, the stocks most inversely correlated with Richmond Mutual Bancorporation, Inc. Common Stock (RMBI) are SKRE (-0.54), SDD (-0.38) and SBB (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.

Richmond Mutual Bancorporation, Inc. Common Stock (RMBI) — Stock Correlations & Overview

Over the past year, RMBI has moved most closely with PFIS, CAC, BHRB. Explore the stocks most correlated and inversely correlated with RMBI below, along with its price, financials, and company profile.

Stocks correlated with RMBI

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

Most correlated with RMBI

Symbol	Company	Correlation
PFIS	Peoples Financial Services Corp.NATIONAL COMMERCIAL BANKS	0.58
CAC	Camden National CorporationNATIONAL COMMERCIAL BANKS	0.58
BHRB	Burke & Herbert Financial Services Corp. Common StockNATIONAL COMMERCIAL BANKS	0.58
OCFC	OceanFirst Financial CorpNATIONAL COMMERCIAL BANKS	0.57
QABA	First Trust NASDAQ ABA Community Bank Index Fund	0.57

Most inversely correlated with RMBI

Symbol	Company	Correlation
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.54
SDD	ProShares UltraShort SmallCap600	-0.38
SBB	ProShares Short SmallCap600	-0.38
EMTY	ProShares Decline of the Retail Store ETF	-0.36
REK	ProShares Short Real Estate	-0.34

Frequently asked questions about RMBI correlations

Which stocks are most correlated with RMBI?: Based on one year of daily returns, the stocks most correlated with Richmond Mutual Bancorporation, Inc. Common Stock (RMBI) are PFIS (0.58), CAC (0.58) and BHRB (0.58). 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 RMBI?: Over the past year, the stocks most inversely correlated with Richmond Mutual Bancorporation, Inc. Common Stock (RMBI) are SKRE (-0.54), SDD (-0.38) and SBB (-0.38). 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 RMBI correlations calculated?: We compute the correlation of daily returns between RMBI 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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