Preferred Bank Correlations

Stocks . USA . 
Stock . Preferred Bank
PFBC Stock  USD 96.11  0.17  0.18%   
The current 90-days correlation between Preferred Bank and Westamerica Bancorporation is 0.73 (i.e., Poor diversification). The correlation of Preferred Bank 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.

Preferred Bank Correlation With Market

Very weak diversification

The correlation between Preferred Bank and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Preferred Bank and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Preferred Bank. 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 information on how to trade Preferred Stock refer to our How to Trade Preferred Stock guide.

Moving together with Preferred Stock

  0.78BIRG Bank of IrelandPairCorr
  0.82EBMT Eagle Bancorp MontanaPairCorr
  0.65ECBK ECB BancorpPairCorr
  0.91FCAP First CapitalPairCorr
  0.7FFBC First Financial BancorpPairCorr
  0.91BOH Bank of HawaiiPairCorr
  0.94CAC Camden NationalPairCorr
  0.96MPB Mid Penn BancorpPairCorr
  0.86PFS Provident FinancialPairCorr
  0.93TFC Truist Financial CorpPairCorr
  0.73WAL Western Alliance BanPairCorr
  0.74GSBC Great Southern BancorpPairCorr
  0.77HBAN Huntington BancsharesPairCorr
  0.77HOMB Home BancSharesPairCorr
  0.94HTBK Heritage Commerce CorpPairCorr
  0.88IBCP Independent BankPairCorr
  0.8601187 Xiamen BankPairCorr
  0.8LSBK Lake Shore BancorpPairCorr
  0.7MCBS MetroCity BanksharesPairCorr
  0.89ORRF Orrstown FinancialPairCorr
  0.74VBNK VersaBankPairCorr
  0.8PNBK Patriot National BancorpPairCorr
  0.83PNFP Pinnacle FinancialPairCorr
  0.9QCRH QCR HoldingsPairCorr
  0.71AFBI Affinity BancsharesPairCorr
  0.9SBFG SB Financial GroupPairCorr
  0.95SMBC Southern Missouri BancorpPairCorr
  0.79SPFI South Plains FinancialPairCorr
  0.75BCAL Southern CaliforniaPairCorr
  0.78BOKF BOK FinancialPairCorr

Moving against Preferred Stock

  0.68601658 Postal Savings BankPairCorr
  0.65LDI LoandepotPairCorr
  0.67601665 Qilu BankPairCorr
  0.54SFBC Sound Financial BancorpPairCorr
  0.79CMWCF Cromwell PropertyPairCorr
  0.7BYFC Broadway FinancialPairCorr
  0.33BKRKF PT Bank RakyatPairCorr

Related Correlations Analysis


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

PEBO
+ 0.98
BY
BY
+ 0.97
CNOB
PEBO
+ 0.96
CNOB
WAFD
+ 0.96
QCRH
BY
+ 0.92
QCRH
CFR
+ 0.91
CNOB
  

High negative correlations

WAFD
- 0.06
FSUN
FSUN
- 0.06
QCRH

Risk-Adjusted Indicators

There is a big difference between Preferred Stock performing well and Preferred Bank 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 Preferred Bank'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
WABC  1.04 (0.10) 0.00 (0.06) 0.00 
 0.00 
 2.56 
(1.81)
 6.26 
CNOB  1.36  0.03  0.02  0.08  1.82 
(1.47)
 3.40 
(2.91)
 11.94 
QCRH  1.32  0.06  0.04  0.10  1.76 
(1.34)
 3.39 
(3.18)
 8.20 
CFR  0.98 (0.03)(0.02) 0.03  1.39 
(0.99)
 2.61 
(1.63)
 7.78 
BY  1.15  0.01  0.01  0.07  1.57 
(1.28)
 2.82 
(3.24)
 9.25 
RBCAA  1.21 (0.13) 0.00 (0.09) 0.00 
 0.00 
 3.24 
(2.76)
 7.26 
FSUN  1.73 (0.06)(0.02) 0.00  3.73 
(1.64)
 3.49 
(2.52)
 20.45 
PEBO  1.14 (0.03)(0.01) 0.03  1.55 
(1.21)
 2.92 
(2.20)
 7.20 
OCFC  1.53 (0.02) 0.00  0.04  2.31 
(1.50)
 3.73 
(4.07)
 12.81 
WAFD  1.11  0.07  0.03  0.16  1.29 
(1.19)
 3.19 
(2.17)
 6.44 

Preferred Bank Corporate Executives

Elected by the shareholders, the Preferred Bank's board of directors comprises two types of representatives: Preferred Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Preferred. The board's role is to monitor Preferred Bank's management team and ensure that shareholders' interests are well served. Preferred Bank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Preferred Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
Edward CzajkaCFO and Executive VPProfile
Johnny HsuExecutive COOProfile
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