Pioneer Bancorp Correlations

PBFS Stock

USD 11.80 0.12 1.03%

The current 90-days correlation between Pioneer Bancorp and HMN Financial is 0.02 (i.e., Significant 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

Average diversification

The correlation between Pioneer Bancorp and DJI is 0.12 (i.e., Average 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

0.8	AX	Axos Financial	Pair Corr
0.8	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.84	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.79	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.65	VABK	Virginia National	Pair Corr
0.79	VBNK	VersaBank Normal Trading	Pair Corr
0.78	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.66	TECTP	Tectonic Financial	Pair Corr
0.62	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.77	EBTC	Enterprise Bancorp	Pair Corr
0.84	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.77	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.83	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.79	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.7	BANC-PF	Banc of California	Pair Corr
0.84	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.71	ESSA	ESSA Bancorp	Pair Corr
0.72	EVBN	Evans Bancorp	Pair Corr
0.78	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.64	WSBCP	WesBanco	Pair Corr
0.68	WMPN	William Penn Bancorp	Pair Corr

Moving against Pioneer Stock

0.46	WF	Woori Financial Group	Pair Corr
0.38	CFG-PE	Citizens Financial	Pair Corr
0.37	TFC-PO	Truist Financial	Pair Corr
0.37	TFC-PR	Truist Financial	Pair Corr
0.35	FRCIL	First Republic Bank	Pair Corr

Related Correlations Analysis

	HFBL	HMNF	HVBC	LSBK	CWBC	OFED	CULL	MGYR	LNKB	RBKB
HFBL		-0.1	0.03	0.18	-0.04	-0.15	0.11	0.09	0.05	0.14	HFBL
HMNF	-0.1		0.4	0.3	0.17	-0.34	-0.5	0.51	0.52	0.55	HMNF
HVBC	0.03	0.4		0.42	0.25	-0.25	-0.54	0.69	0.44	0.57	HVBC
LSBK	0.18	0.3	0.42		-0.25	-0.77	-0.45	0.45	0.54	0.78	LSBK
CWBC	-0.04	0.17	0.25	-0.25		0.35	-0.17	0.48	0.35	-0.29	CWBC
OFED	-0.15	-0.34	-0.25	-0.77	0.35		0.36	-0.37	-0.59	-0.81	OFED
CULL	0.11	-0.5	-0.54	-0.45	-0.17	0.36		-0.69	-0.36	-0.48	CULL
MGYR	0.09	0.51	0.69	0.45	0.48	-0.37	-0.69		0.62	0.54	MGYR
LNKB	0.05	0.52	0.44	0.54	0.35	-0.59	-0.36	0.62		0.57	LNKB
RBKB	0.14	0.55	0.57	0.78	-0.29	-0.81	-0.48	0.54	0.57		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

RBKB	+ 0.78	LSBK
MGYR	+ 0.69	HVBC
LNKB	+ 0.62	MGYR
RBKB	+ 0.57	HVBC
RBKB	+ 0.57	LNKB
RBKB	+ 0.55	HMNF

High negative correlations

RBKB	- 0.81	OFED
OFED	- 0.77	LSBK
MGYR	- 0.69	CULL
LNKB	- 0.59	OFED
CULL	- 0.54	HVBC
CULL	- 0.5	HMNF

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	1.75	0.01	(0.01)	0.11	2.40	(3.13)	3.82	(4.31)	21.70
HMNF	1.88	0.38	0.13	2.31	1.85	(2.37)	4.29	(3.19)	13.15
HVBC	1.51	0.31	0.08	1.20	2.03	(1.59)	2.68	(4.11)	18.63
LSBK	1.15	0.09	0.02	0.33	1.25	(1.59)	3.69	(2.95)	8.55
CWBC	1.03	0.03	0.04	0.12	1.08	(1.11)	2.53	(2.16)	9.14
OFED	2.13	(0.22)	0.00	1.09	0.00	0.00	3.48	(5.28)	12.66
CULL	0.51	(0.12)	0.00	(5.70)	0.00	0.00	1.18	(1.64)	4.73
MGYR	0.62	0.10	0.02	0.68	0.55	(0.74)	1.63	(1.22)	3.88
LNKB	1.72	0.10	0.08	0.17	1.54	(2.35)	4.29	(2.70)	10.82
RBKB	1.28	0.25	0.13	0.74	1.11	(1.65)	4.15	(2.65)	9.98

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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