Peoples Bancorp Correlations

PEBK Stock

USD 29.00 0.09 0.31%

The current 90-days correlation between Peoples Bancorp and Oconee Federal Financial is 0.16 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Peoples Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Peoples Bancorp of moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Peoples Bancorp Correlation With Market

Very weak diversification

The correlation between Peoples Bancorp of and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Peoples Bancorp of 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 Peoples Bancorp of. 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.

For more information on how to buy Peoples Stock please use our How to buy in Peoples Stock guide.

Moving together with Peoples Stock

0.68	EVBN	Evans Bancorp	Pair Corr
0.71	WNEB	Western New England	Pair Corr

Moving against Peoples Stock

0.55	NU	Nu Holdings Aggressive Push	Pair Corr
0.55	TFC-PR	Truist Financial	Pair Corr
0.5	TFC-PO	Truist Financial	Pair Corr
0.46	CFG-PE	Citizens Financial	Pair Corr
0.42	CFG-PH	Citizens Financial Group,	Pair Corr
0.62	FRCIL	First Republic Bank	Pair Corr
0.6	KEY-PI	KeyCorp	Pair Corr
0.57	FRCCL	First Republic Bank	Pair Corr
0.57	FRCHL	First Republic Bank	Pair Corr

Related Correlations Analysis

	OFED	CULL	HMNF	HFBL	ISTR	HVBC	LSBK	FNWD	CWBC	FFNW
OFED		0.0	0.0	-0.56	0.5	0.0	0.64	0.78	0.29	0.77	OFED
CULL	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CULL
HMNF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	HMNF
HFBL	-0.56	0.0	0.0		-0.5	0.0	-0.22	-0.7	-0.5	-0.65	HFBL
ISTR	0.5	0.0	0.0	-0.5		0.0	0.1	0.68	0.82	0.6	ISTR
HVBC	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	HVBC
LSBK	0.64	0.0	0.0	-0.22	0.1	0.0		0.35	-0.24	0.38	LSBK
FNWD	0.78	0.0	0.0	-0.7	0.68	0.0	0.35		0.53	0.87	FNWD
CWBC	0.29	0.0	0.0	-0.5	0.82	0.0	-0.24	0.53		0.6	CWBC
FFNW	0.77	0.0	0.0	-0.65	0.6	0.0	0.38	0.87	0.6		FFNW
	OFED	CULL	HMNF	HFBL	ISTR	HVBC	LSBK	FNWD	CWBC	FFNW

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

FFNW	+ 0.87	FNWD
CWBC	+ 0.82	ISTR
FNWD	+ 0.78	OFED
FFNW	+ 0.77	OFED
FNWD	+ 0.68	ISTR
LSBK	+ 0.64	OFED

High negative correlations

FNWD	- 0.7	HFBL
FFNW	- 0.65	HFBL
HFBL	- 0.56	OFED
CWBC	- 0.5	HFBL
ISTR	- 0.5	HFBL
CWBC	- 0.24	LSBK

Risk-Adjusted Indicators

There is a big difference between Peoples Stock performing well and Peoples 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 Peoples 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
OFED	2.13	(0.29)	0.00	(0.36)	0.00	0.00	3.48	(5.28)	12.66
CULL	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
HFBL	1.48	0.08	(0.01)	(0.16)	2.10	(2.09)	5.67	(4.53)	13.83
ISTR	1.54	(0.21)	0.00	(0.08)	0.00	0.00	2.44	(3.28)	17.96
HVBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LSBK	1.58	0.35	0.09	(0.87)	1.56	(2.64)	2.98	(3.35)	20.02
FNWD	0.96	(0.26)	0.00	(0.98)	0.00	0.00	2.12	(2.54)	8.51
CWBC	1.09	0.05	0.01	0.16	1.28	(1.18)	2.53	(1.95)	11.26
FFNW	0.81	(0.13)	0.00	(0.40)	0.00	0.00	1.58	(1.74)	4.32

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC