ECB Bancorp Correlations

ECBK Stock

USD 14.49 0.14 0.98%

The current 90-days correlation between ECB Bancorp and Oconee Federal Financial is -0.15 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ECB Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ECB Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ECB Bancorp Correlation With Market

Modest diversification

The correlation between ECB Bancorp and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ECB 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 ECB 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 bureau of labor statistics.

For more information on how to buy ECB Stock please use our How to buy in ECB Stock guide.

Moving together with ECB Stock

0.74	VABK	Virginia National Earnings Call This Week	Pair Corr
0.63	VBTX	Veritex Holdings Earnings Call This Week	Pair Corr
0.65	EBMT	Eagle Bancorp Montana Earnings Call This Week	Pair Corr
0.61	WAFD	Washington Federal	Pair Corr

Moving against ECB Stock

0.36	TECTP	Tectonic Financial	Pair Corr
0.34	BANFP	BFC Capital Trust	Pair Corr

Related Correlations Analysis

	OFED	CULL	HFBL	HMNF	MGYR	CWBC	HVBC	LSBK	OVLY	CIZN
OFED		0.36	-0.39	-0.34	-0.92	-0.31	-0.25	-0.44	-0.3	0.72	OFED
CULL	0.36		-0.37	-0.5	-0.4	0.05	-0.54	-0.28	0.14	0.39	CULL
HFBL	-0.39	-0.37		0.46	0.45	-0.36	0.29	-0.1	-0.33	-0.45	HFBL
HMNF	-0.34	-0.5	0.46		0.54	-0.17	0.4	-0.03	-0.13	-0.62	HMNF
MGYR	-0.92	-0.4	0.45	0.54		0.27	0.22	0.32	0.27	-0.83	MGYR
CWBC	-0.31	0.05	-0.36	-0.17	0.27		-0.03	0.33	0.92	-0.1	CWBC
HVBC	-0.25	-0.54	0.29	0.4	0.22	-0.03		0.21	-0.08	-0.33	HVBC
LSBK	-0.44	-0.28	-0.1	-0.03	0.32	0.33	0.21		0.27	-0.28	LSBK
OVLY	-0.3	0.14	-0.33	-0.13	0.27	0.92	-0.08	0.27		-0.08	OVLY
CIZN	0.72	0.39	-0.45	-0.62	-0.83	-0.1	-0.33	-0.28	-0.08		CIZN
	OFED	CULL	HFBL	HMNF	MGYR	CWBC	HVBC	LSBK	OVLY	CIZN

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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

OVLY	+ 0.92	CWBC
CIZN	+ 0.72	OFED
MGYR	+ 0.54	HMNF
HMNF	+ 0.46	HFBL
MGYR	+ 0.45	HFBL
HVBC	+ 0.4	HMNF

High negative correlations

MGYR	- 0.92	OFED
CIZN	- 0.83	MGYR
CIZN	- 0.62	HMNF
HVBC	- 0.54	CULL
HMNF	- 0.5	CULL
CIZN	- 0.45	HFBL

Risk-Adjusted Indicators

There is a big difference between ECB Stock performing well and ECB 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 ECB 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
OFED	2.13	(0.24)	0.00	2.01	0.00	0.00	3.48	(5.28)	12.66
CULL	0.51	0.00	0.00	0.00	0.00	0.00	1.18	(1.64)	4.73
HFBL	1.45	0.12	0.04	(0.83)	1.80	(2.21)	4.70	(4.31)	12.06
HMNF	1.88	0.39	0.16	1.45	1.85	(2.37)	4.29	(3.19)	13.15
MGYR	1.10	0.26	0.18	15.54	0.93	(1.45)	2.98	(2.25)	10.51
CWBC	1.10	0.03	0.02	0.08	1.33	(1.19)	2.53	(2.11)	11.26
HVBC	1.51	0.34	0.11	4.05	2.03	(1.59)	2.68	(4.11)	18.63
LSBK	1.16	0.03	0.00	(0.12)	1.73	(1.63)	2.98	(3.49)	10.32
OVLY	1.56	(0.08)	0.00	(0.13)	0.00	0.00	3.75	(3.81)	14.90
CIZN	0.88	(0.09)	0.00	(0.41)	0.00	0.00	3.00	(2.14)	6.16

ECB Bancorp Corporate Management

Carmela Vitale	Senior Treasurer	Profile
Karen Chasse	Compliance VP	Profile
John Migliozzi	Executive Officer	Profile
Sean Cummings	Senior Lending	Profile
Brandon Lavertu	Chief Officer	Profile

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