ESSA Bancorp Correlations

ESSA Stock

USD 20.30 0.15 0.74%

The current 90-days correlation between ESSA Bancorp and Fifth Third Bancorp is 0.64 (i.e., Poor diversification). The correlation of ESSA 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.

ESSA Bancorp Correlation With Market

Very weak diversification

The correlation between ESSA Bancorp and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ESSA 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 ESSA 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 state.

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

Moving together with ESSA Stock

0.65	AX	Axos Financial	Pair Corr
0.65	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.74	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.81	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.77	VABK	Virginia National	Pair Corr
0.8	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.9	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.68	TECTP	Tectonic Financial	Pair Corr
0.85	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.85	EBTC	Enterprise Bancorp	Pair Corr
0.77	ECBK	ECB Bancorp	Pair Corr
0.68	CFG-PH	Citizens Financial Group,	Pair Corr
0.77	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.79	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.71	KEY-PJ	KeyCorp	Pair Corr
0.76	KEY-PK	KeyCorp	Pair Corr
0.76	KEY-PL	KeyCorp	Pair Corr
0.71	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.81	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.86	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.88	EVBN	Evans Bancorp	Pair Corr
0.79	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.8	WSBCP	WesBanco	Pair Corr
0.75	WMPN	William Penn Bancorp	Pair Corr

Moving against ESSA Stock

0.35	WF	Woori Financial Group	Pair Corr
0.65	FRCIL	First Republic Bank	Pair Corr
0.55	FRCCL	First Republic Bank	Pair Corr
0.55	FRCHL	First Republic Bank	Pair Corr
0.54	FRCKL	First Republic Bank	Pair Corr
0.34	WBBW	Westbury Bancorp	Pair Corr

Related Correlations Analysis

	FITB	ZION	HBAN	PNC	CMA	MTB	WAL
FITB		0.94	0.97	0.97	0.96	0.96	0.89	FITB
ZION	0.94		0.98	0.96	0.92	0.94	0.75	ZION
HBAN	0.97	0.98		0.99	0.94	0.96	0.81	HBAN
PNC	0.97	0.96	0.99		0.95	0.95	0.83	PNC
CMA	0.96	0.92	0.94	0.95		0.97	0.85	CMA
MTB	0.96	0.94	0.96	0.95	0.97		0.79	MTB
WAL	0.89	0.75	0.81	0.83	0.85	0.79		WAL
	FITB	ZION	HBAN	PNC	CMA	MTB	WAL

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Risk-Adjusted Indicators

There is a big difference between ESSA Stock performing well and ESSA 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 ESSA 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
FITB	1.09	0.05	0.10	0.15	0.97	(1.21)	2.39	(2.01)	10.60
ZION	1.69	0.08	0.15	0.15	1.49	(1.97)	3.62	(2.89)	20.65
HBAN	1.26	0.13	0.22	0.18	0.85	(1.66)	2.87	(2.28)	14.20
PNC	1.15	0.11	0.16	0.19	0.87	(1.44)	2.54	(1.97)	9.52
CMA	1.50	0.18	0.17	0.21	1.36	(1.66)	3.53	(2.64)	14.10
MTB	1.39	0.23	0.27	0.24	0.83	(1.71)	3.41	(1.59)	16.03
WAL	1.95	0.01	0.08	0.12	2.13	(2.45)	4.19	(3.17)	19.53

ESSA Bancorp Corporate Management

Thomas Grayuski	VP of Human Resource Services Division and VP of Human Resource Services Division - Essa Bank and Trust	Profile
Stephanie Lefferson	Corporate Relations	Profile
James Fareri	General Counsel	Profile
Robert Selitto	Senior Controller	Profile

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