Pioneer Bancorp Correlations

PBFS Stock

USD 11.13 0.08 0.71%

The current 90-days correlation between Pioneer Bancorp and HMN Financial is -0.1 (i.e., Good diversification). The correlation of Pioneer 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Pioneer Bancorp Correlation With Market

Significant diversification

The correlation between Pioneer Bancorp and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pioneer Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pioneer 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 census.

For more information on how to buy Pioneer Stock please use our How to Invest in Pioneer Bancorp guide.

Moving together with Pioneer Stock

0.82	AX	Axos Financial Earnings Call This Week	Pair Corr
0.84	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.79	PB	Prosperity Bancshares Earnings Call Tomorrow	Pair Corr
0.77	RF	Regions Financial	Pair Corr
0.64	VABK	Virginia National Earnings Call This Week	Pair Corr
0.64	VBNK	VersaBank	Pair Corr
0.85	VBTX	Veritex Holdings Earnings Call Today	Pair Corr
0.63	EBMT	Eagle Bancorp Montana Earnings Call Today	Pair Corr
0.78	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.84	EGBN	Eagle Bancorp Earnings Call Tomorrow	Pair Corr
0.83	WABC	Westamerica Bancorporation	Pair Corr
0.83	EQBK	Equity Bancshares, Earnings Call Tomorrow	Pair Corr
0.7	ESSA	ESSA Bancorp Earnings Call Tomorrow	Pair Corr
0.75	EVBN	Evans Bancorp	Pair Corr
0.73	WMPN	William Penn Bancorp	Pair Corr
0.77	WNEB	Western New England Earnings Call Today	Pair Corr

Moving against Pioneer Stock

0.48	FRCIL	First Republic Bank	Pair Corr
0.43	FRCCL	First Republic Bank	Pair Corr
0.43	FRCHL	First Republic Bank	Pair Corr
0.43	FRCKL	First Republic Bank	Pair Corr
0.42	FRCLL	First Republic Bank	Pair Corr
0.31	KEY-PI	KeyCorp Earnings Call Today	Pair Corr

Related Correlations Analysis

	HFBL	HMNF	HVBC	LSBK	CWBC	OFED	CULL	MGYR	LNKB	RBKB
HFBL		0.46	0.29	0.09	-0.36	-0.39	-0.37	0.45	0.11	0.11	HFBL
HMNF	0.46		0.4	0.06	-0.17	-0.34	-0.5	0.54	0.24	0.15	HMNF
HVBC	0.29	0.4		0.32	-0.03	-0.25	-0.54	0.22	0.16	0.5	HVBC
LSBK	0.09	0.06	0.32		0.33	-0.39	-0.37	0.31	0.46	0.51	LSBK
CWBC	-0.36	-0.17	-0.03	0.33		-0.31	0.05	0.27	0.64	0.62	CWBC
OFED	-0.39	-0.34	-0.25	-0.39	-0.31		0.36	-0.92	-0.76	-0.74	OFED
CULL	-0.37	-0.5	-0.54	-0.37	0.05	0.36		-0.4	-0.22	-0.32	CULL
MGYR	0.45	0.54	0.22	0.31	0.27	-0.92	-0.4		0.73	0.67	MGYR
LNKB	0.11	0.24	0.16	0.46	0.64	-0.76	-0.22	0.73		0.73	LNKB
RBKB	0.11	0.15	0.5	0.51	0.62	-0.74	-0.32	0.67	0.73		RBKB
	HFBL	HMNF	HVBC	LSBK	CWBC	OFED	CULL	MGYR	LNKB	RBKB

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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

LNKB	+ 0.73	MGYR
RBKB	+ 0.73	LNKB
RBKB	+ 0.67	MGYR
LNKB	+ 0.64	CWBC
RBKB	+ 0.62	CWBC
MGYR	+ 0.54	HMNF

High negative correlations

MGYR	- 0.92	OFED
LNKB	- 0.76	OFED
RBKB	- 0.74	OFED
CULL	- 0.54	HVBC
CULL	- 0.5	HMNF
MGYR	- 0.4	CULL

Risk-Adjusted Indicators

There is a big difference between Pioneer Stock performing well and Pioneer 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 Pioneer 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
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
HVBC	1.51	0.34	0.11	4.05	2.03	(1.59)	2.68	(4.11)	18.63
LSBK	1.16	0.02	0.00	0.16	1.69	(1.70)	2.98	(3.49)	10.32
CWBC	1.10	0.03	0.02	0.08	1.33	(1.19)	2.53	(2.11)	11.26
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
MGYR	1.10	0.26	0.18	15.54	0.93	(1.45)	2.98	(2.25)	10.51
LNKB	1.58	0.21	0.12	0.32	1.59	(1.81)	3.47	(2.93)	10.93
RBKB	0.76	0.08	0.06	(4.93)	0.85	(0.86)	1.82	(1.35)	4.59

Pioneer Bancorp Corporate Management

Robert Nichols	Ex Officer	Profile
Thomas CPA	Executive Officer	Profile
Kelli Arnold	Executive Officer	Profile
James Murphy	Executive Officer	Profile
Jesse Tomczak	Executive Officer	Profile

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