Enterprise Bancorp Correlations

EBTC Stock

USD 36.43 0.75 2.10%

The current 90-days correlation between Enterprise Bancorp and Waterstone Financial is 0.01 (i.e., Significant diversification). The correlation of Enterprise 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.

Enterprise Bancorp Correlation With Market

Poor diversification

The correlation between Enterprise Bancorp and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enterprise Bancorp 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 Enterprise Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For information on how to trade Enterprise Stock refer to our How to Trade Enterprise Stock guide.

Moving together with Enterprise Stock

0.86	AX	Axos Financial	Pair Corr
0.86	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.92	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.89	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.76	VABK	Virginia National	Pair Corr
0.89	VBNK	VersaBank Normal Trading	Pair Corr
0.95	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.78	TECTP	Tectonic Financial	Pair Corr
0.81	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.74	ECBK	ECB Bancorp	Pair Corr
0.65	CFG-PH	Citizens Financial Group,	Pair Corr
0.92	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.91	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.74	KEY-PJ	KeyCorp	Pair Corr
0.75	KEY-PK	KeyCorp	Pair Corr
0.72	KEY-PL	KeyCorp	Pair Corr
0.86	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.93	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.66	BANC-PF	Banc of California	Pair Corr
0.94	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.85	ESSA	ESSA Bancorp	Pair Corr
0.9	EVBN	Evans Bancorp	Pair Corr
0.78	WSBCP	WesBanco	Pair Corr
0.85	WMPN	William Penn Bancorp	Pair Corr

Moving against Enterprise Stock

0.56	WF	Woori Financial Group	Pair Corr
0.51	FRCIL	First Republic Bank	Pair Corr
0.44	FRCCL	First Republic Bank	Pair Corr
0.44	FRCHL	First Republic Bank	Pair Corr
0.44	FRCKL	First Republic Bank	Pair Corr

Related Correlations Analysis

	WSBF	MPB	STBA	RBCAA	SMBC	IROQ	CBAN	OPOF	HBCP	HFWA
WSBF		0.61	0.43	0.66	0.54	0.25	0.73	0.25	0.63	0.63	WSBF
MPB	0.61		0.09	0.92	0.9	0.76	0.74	0.75	0.94	0.79	MPB
STBA	0.43	0.09		0.25	0.25	-0.39	0.37	-0.21	0.11	0.41	STBA
RBCAA	0.66	0.92	0.25		0.95	0.71	0.88	0.74	0.95	0.9	RBCAA
SMBC	0.54	0.9	0.25	0.95		0.67	0.82	0.8	0.93	0.93	SMBC
IROQ	0.25	0.76	-0.39	0.71	0.67		0.57	0.77	0.72	0.49	IROQ
CBAN	0.73	0.74	0.37	0.88	0.82	0.57		0.58	0.76	0.8	CBAN
OPOF	0.25	0.75	-0.21	0.74	0.8	0.77	0.58		0.79	0.68	OPOF
HBCP	0.63	0.94	0.11	0.95	0.93	0.72	0.76	0.79		0.88	HBCP
HFWA	0.63	0.79	0.41	0.9	0.93	0.49	0.8	0.68	0.88		HFWA
	WSBF	MPB	STBA	RBCAA	SMBC	IROQ	CBAN	OPOF	HBCP	HFWA

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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

SMBC	+ 0.95	RBCAA
HBCP	+ 0.95	RBCAA
HBCP	+ 0.94	MPB
HBCP	+ 0.93	SMBC
HFWA	+ 0.93	SMBC
RBCAA	+ 0.92	MPB

High negative correlations

IROQ	- 0.39	STBA
OPOF	- 0.21	STBA

Risk-Adjusted Indicators

There is a big difference between Enterprise Stock performing well and Enterprise 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 Enterprise 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
WSBF	1.51	0.12	0.01	(2.10)	1.70	(1.73)	2.94	(2.65)	15.80
MPB	1.40	0.09	0.07	0.16	1.36	(1.60)	3.72	(2.53)	9.62
STBA	1.53	(0.10)	0.00	0.04	1.56	(1.83)	2.96	(2.36)	18.80
RBCAA	1.69	0.19	0.16	0.16	1.57	(1.96)	3.79	(3.13)	18.51
SMBC	1.63	0.09	0.12	0.12	1.50	(1.97)	4.99	(3.04)	19.16
IROQ	1.35	0.30	0.10	1.85	1.65	(1.74)	3.61	(2.59)	14.12
CBAN	1.25	0.25	0.14	1.53	1.08	(1.59)	2.69	(2.02)	16.22
OPOF	1.27	0.17	0.06	0.64	1.49	(1.47)	2.99	(2.21)	9.05
HBCP	1.65	0.10	0.09	0.14	1.74	(1.97)	3.76	(3.12)	12.98
HFWA	1.59	0.08	0.09	0.12	1.61	(1.66)	3.50	(2.26)	19.67

Enterprise Bancorp Corporate Management

Philip Esq	General Counsel	Profile
CPA CFP	MDWealth Co	Profile
David CFA	MD Management	Profile
Joseph Lussier	CFO VP	Profile

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