Evans Bancorp Correlations

EVBN Stock

USD 43.84 0.03 0.07%

The current 90-days correlation between Evans Bancorp and First Community is 0.48 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Evans Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evans Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Evans Bancorp Correlation With Market

Modest diversification

The correlation between Evans Bancorp and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evans 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 Evans 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 Evans Stock, please use our How to Invest in Evans Bancorp guide.

Moving together with Evans Stock

0.71	BY	Byline Bancorp	Pair Corr
0.7	VBTX	Veritex Holdings	Pair Corr
0.63	TFC-PI	Truist Financial	Pair Corr
0.62	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.69	EGBN	Eagle Bancorp	Pair Corr
0.63	EQBK	Equity Bancshares,	Pair Corr
0.64	WMPN	William Penn Bancorp	Pair Corr
0.7	WNEB	Western New England	Pair Corr

Moving against Evans Stock

0.32

VBFC

Village Bank

Pair Corr

Related Correlations Analysis

	FCCO	OVLY	FFNW	ESSA	FSBW	HVBC	HMNF	MGYR	OFED
FCCO		0.13	0.32	0.88	0.06	0.0	0.0	0.19	0.0	FCCO
OVLY	0.13		0.86	-0.19	0.81	0.0	0.0	-0.38	0.0	OVLY
FFNW	0.32	0.86		0.07	0.89	0.0	0.0	-0.53	0.0	FFNW
ESSA	0.88	-0.19	0.07		-0.16	0.0	0.0	0.23	0.0	ESSA
FSBW	0.06	0.81	0.89	-0.16		0.0	0.0	-0.69	0.0	FSBW
HVBC	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	HVBC
HMNF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	HMNF
MGYR	0.19	-0.38	-0.53	0.23	-0.69	0.0	0.0		0.0	MGYR
OFED	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		OFED
	FCCO	OVLY	FFNW	ESSA	FSBW	HVBC	HMNF	MGYR	OFED

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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

FSBW	+ 0.89	FFNW
ESSA	+ 0.88	FCCO
FFNW	+ 0.86	OVLY
FSBW	+ 0.81	OVLY
FFNW	+ 0.32	FCCO
MGYR	+ 0.23	ESSA

High negative correlations

MGYR	- 0.69	FSBW
MGYR	- 0.53	FFNW
MGYR	- 0.38	OVLY
ESSA	- 0.19	OVLY
FSBW	- 0.16	ESSA
OFED	- 0.0	MGYR

Risk-Adjusted Indicators

There is a big difference between Evans Stock performing well and Evans 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 Evans 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
FCCO	1.13	0.19	0.13	0.29	1.26	(1.28)	3.03	(1.98)	8.92
OVLY	1.49	0.00	0.00	0.01	2.27	(1.60)	3.76	(2.65)	12.78
FFNW	0.71	(0.05)	0.00	(0.14)	0.00	0.00	1.17	(1.69)	4.22
ESSA	1.09	0.15	0.09	0.56	1.34	(1.08)	1.97	(2.29)	5.03
FSBW	1.53	(0.29)	0.00	(0.30)	0.00	0.00	2.62	(4.04)	9.31
HVBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MGYR	1.33	0.27	0.15	1.07	1.22	(1.70)	3.04	(2.91)	10.79
OFED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Evans Bancorp Corporate Management

Nicholas Snyder	Sr. VP and Controller	Profile
Michelle Baumgarden	Corporate Secretary	Profile
Kenneth Pawlak	NA Bank	Profile
Aaron Whitehouse	LLC Agency	Profile

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