Eagle Bancorp Correlations

EGBN Stock

USD 28.75 0.49 1.73%

The current 90-days correlation between Eagle Bancorp and Peoples Bancorp is 0.76 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eagle Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eagle Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Eagle Bancorp Correlation With Market

Very weak diversification

The correlation between Eagle Bancorp and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eagle 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 Eagle 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.

To learn how to invest in Eagle Stock, please use our How to Invest in Eagle Bancorp guide.

Moving together with Eagle Stock

0.8	AX	Axos Financial	Pair Corr
0.79	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.86	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
0.64	VABK	Virginia National	Pair Corr
0.94	VBNK	VersaBank Normal Trading	Pair Corr
0.94	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.84	TECTP	Tectonic Financial	Pair Corr
0.87	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.91	EBTC	Enterprise Bancorp	Pair Corr
0.82	ECBK	ECB Bancorp	Pair Corr
0.73	CFG-PH	Citizens Financial Group,	Pair Corr
0.88	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.72	KEY-PJ	KeyCorp	Pair Corr
0.75	KEY-PK	KeyCorp	Pair Corr
0.75	KEY-PL	KeyCorp	Pair Corr
0.83	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.95	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.92	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.79	ESSA	ESSA Bancorp	Pair Corr
0.85	EVBN	Evans Bancorp	Pair Corr
0.84	WSBCP	WesBanco	Pair Corr
0.92	WMPN	William Penn Bancorp	Pair Corr

Moving against Eagle Stock

0.61	WF	Woori Financial Group	Pair Corr
0.41	TFC-PO	Truist Financial	Pair Corr
0.34	TFC-PR	Truist Financial	Pair Corr
0.5	FRCIL	First Republic Bank	Pair Corr
0.43	FRCHL	First Republic Bank	Pair Corr
0.42	FRCCL	First Republic Bank	Pair Corr
0.42	FRCKL	First Republic Bank	Pair Corr

Related Correlations Analysis

	PEBO	NRIM	UBSI	PPBI	FBIZ	OFED	OPOF	CULL	PKBK	SMBC
PEBO		0.84	0.99	0.91	0.95	-0.34	0.63	-0.39	0.87	0.93	PEBO
NRIM	0.84		0.85	0.8	0.92	-0.39	0.5	-0.59	0.85	0.81	NRIM
UBSI	0.99	0.85		0.93	0.96	-0.36	0.65	-0.39	0.89	0.93	UBSI
PPBI	0.91	0.8	0.93		0.89	-0.54	0.72	-0.35	0.86	0.96	PPBI
FBIZ	0.95	0.92	0.96	0.89		-0.37	0.6	-0.45	0.9	0.89	FBIZ
OFED	-0.34	-0.39	-0.36	-0.54	-0.37		-0.72	0.36	-0.59	-0.61	OFED
OPOF	0.63	0.5	0.65	0.72	0.6	-0.72		-0.42	0.66	0.8	OPOF
CULL	-0.39	-0.59	-0.39	-0.35	-0.45	0.36	-0.42		-0.48	-0.44	CULL
PKBK	0.87	0.85	0.89	0.86	0.9	-0.59	0.66	-0.48		0.91	PKBK
SMBC	0.93	0.81	0.93	0.96	0.89	-0.61	0.8	-0.44	0.91		SMBC
	PEBO	NRIM	UBSI	PPBI	FBIZ	OFED	OPOF	CULL	PKBK	SMBC

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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

UBSI	+ 0.99	PEBO
FBIZ	+ 0.96	UBSI
SMBC	+ 0.96	PPBI
FBIZ	+ 0.95	PEBO
SMBC	+ 0.93	PEBO
PPBI	+ 0.93	UBSI

High negative correlations

OPOF	- 0.72	OFED
SMBC	- 0.61	OFED
PKBK	- 0.59	OFED
CULL	- 0.59	NRIM
OFED	- 0.54	PPBI
PKBK	- 0.48	CULL

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
PEBO	1.57	0.06	0.10	0.11	1.52	(1.92)	3.83	(2.72)	17.61
NRIM	1.86	0.19	0.16	0.16	1.74	(2.19)	4.39	(3.54)	20.99
UBSI	1.42	0.03	0.10	0.10	1.20	(1.85)	3.39	(2.10)	15.76
PPBI	1.76	(0.01)	0.07	0.08	1.93	(2.00)	4.23	(3.33)	19.99
FBIZ	1.73	0.09	0.11	0.12	1.75	(2.03)	3.96	(3.58)	16.67
OFED	2.13	(0.28)	0.00	(0.60)	0.00	0.00	3.48	(5.28)	12.66
OPOF	1.27	0.17	0.06	0.64	1.49	(1.47)	2.99	(2.21)	9.05
CULL	0.51	(0.10)	0.00	0.72	0.00	0.00	1.18	(1.64)	4.73
PKBK	1.14	0.18	0.16	0.22	0.98	(1.27)	2.75	(1.88)	9.72
SMBC	1.63	0.09	0.12	0.12	1.50	(1.97)	4.99	(3.04)	19.16

Eagle Bancorp Corporate Management

CPA CPA	Ex CFO	Profile
Joseph Clarke	Ex COO	Profile
JD Esq	Executive Officer	Profile
Ryan Segars	Senior Lending	Profile

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