Eagle Bancorp Correlations

EBMT Stock

USD 16.99 0.84 5.20%

The current 90-days correlation between Eagle Bancorp Montana and Lake Shore Bancorp is 0.12 (i.e., Average diversification). The correlation of Eagle 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Eagle Bancorp Correlation With Market

Weak diversification

The correlation between Eagle Bancorp Montana 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 Eagle Bancorp Montana and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eagle Bancorp Montana. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more information on how to buy Eagle Stock please use our How to Invest in Eagle Bancorp guide.

Moving together with Eagle Stock

0.91	AX	Axos Financial	Pair Corr
0.91	BY	Byline Bancorp	Pair Corr
0.75	PB	Prosperity Bancshares	Pair Corr
0.85	RF	Regions Financial Earnings Call This Week	Pair Corr
0.76	WF	Woori Financial Group	Pair Corr
0.89	VABK	Virginia National	Pair Corr
0.89	VBNK	VersaBank	Pair Corr
0.93	VBTX	Veritex Holdings	Pair Corr
0.8	TFC-PI	Truist Financial	Pair Corr
0.68	ECBK	ECB Bancorp	Pair Corr
0.93	EGBN	Eagle Bancorp	Pair Corr
0.83	KEY-PJ	KeyCorp	Pair Corr
0.87	KEY-PK	KeyCorp	Pair Corr
0.89	WABC	Westamerica Bancorporation	Pair Corr
0.85	WAFD	Washington Federal	Pair Corr
0.84	WASH	Washington Trust Bancorp	Pair Corr
0.91	EQBK	Equity Bancshares,	Pair Corr
0.69	WAFDP	Washington Federal	Pair Corr
0.62	EVBN	Evans Bancorp	Pair Corr
0.85	WMPN	William Penn Bancorp	Pair Corr

Moving against Eagle Stock

0.75	VBFC	Village Bank	Pair Corr
0.55	TECTP	Tectonic Financial	Pair Corr
0.47	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.41	EBTC	Enterprise Bancorp	Pair Corr
0.46	WSBCP	WesBanco	Pair Corr
0.36	OCFCP	OceanFirst Financial Corp	Pair Corr

Related Correlations Analysis

	HFBL	LSBK	OPOF	PKBK	LNKB	RBKB	ORRF	HBCP	GSBC
HFBL		0.48	0.54	-0.67	-0.21	0.47	-0.66	-0.05	-0.57	HFBL
LSBK	0.48		0.39	-0.37	-0.11	0.67	-0.54	0.44	-0.29	LSBK
OPOF	0.54	0.39		-0.82	0.1	0.23	-0.86	-0.36	-0.53	OPOF
PKBK	-0.67	-0.37	-0.82		0.36	-0.26	0.95	0.51	0.84	PKBK
LNKB	-0.21	-0.11	0.1	0.36		-0.32	0.28	0.18	0.62	LNKB
RBKB	0.47	0.67	0.23	-0.26	-0.32		-0.38	0.5	-0.28	RBKB
ORRF	-0.66	-0.54	-0.86	0.95	0.28	-0.38		0.36	0.79	ORRF
HBCP	-0.05	0.44	-0.36	0.51	0.18	0.5	0.36		0.52	HBCP
GSBC	-0.57	-0.29	-0.53	0.84	0.62	-0.28	0.79	0.52		GSBC
	HFBL	LSBK	OPOF	PKBK	LNKB	RBKB	ORRF	HBCP	GSBC

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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

ORRF	+ 0.95	PKBK
GSBC	+ 0.84	PKBK
GSBC	+ 0.79	ORRF
RBKB	+ 0.67	LSBK
GSBC	+ 0.62	LNKB
OPOF	+ 0.54	HFBL

High negative correlations

ORRF	- 0.86	OPOF
PKBK	- 0.82	OPOF
PKBK	- 0.67	HFBL
ORRF	- 0.66	HFBL
GSBC	- 0.57	HFBL
ORRF	- 0.54	LSBK

Risk-Adjusted Indicators

There is a big difference between Eagle Stock performing well and Eagle 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 Eagle 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
HFBL	1.61	0.09	0.03	0.14	2.07	(2.31)	6.19	(4.82)	13.83
LSBK	1.54	0.25	0.10	0.39	1.60	(2.47)	2.99	(3.31)	21.60
OPOF	1.30	0.59	0.30	7.24	1.20	(1.51)	4.21	(1.51)	11.44
PKBK	1.05	(0.22)	0.00	(0.40)	0.00	0.00	1.93	(2.62)	6.47
LNKB	1.28	0.02	0.01	0.03	1.50	(1.40)	3.13	(2.78)	6.57
RBKB	0.54	0.10	0.13	0.63	0.49	(0.65)	1.35	(1.24)	3.42
ORRF	0.92	(0.26)	0.00	(0.44)	0.00	0.00	1.63	(2.24)	7.64
HBCP	1.42	0.00	0.00	0.00	1.90	(1.47)	3.09	(2.42)	9.44
GSBC	1.24	(0.09)	0.00	(0.10)	0.00	0.00	2.59	(2.97)	7.73

Eagle Bancorp Corporate Management

Patrick Rensmon	VP Officer	Profile
Chantelle JD	Chief VP	Profile
Mark ONeill	Senior Officer	Profile
Linda Chilton	Chief VP	Profile
Alana Binde	Senior Officer	Profile

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