Preferred Bank Correlations

PFBC Stock

USD 85.10 1.56 1.87%

The current 90-days correlation between Preferred Bank and Westamerica Bancorporation is 0.64 (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 0.46 (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.

Build AI portfolio with Preferred Stock

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

0.63	BOTJ	Bank of the Earnings Call This Week	Pair Corr
0.62	CCNE	CNB Financial Earnings Call Today	Pair Corr
0.62	UBCP	United Bancorp	Pair Corr
0.71	RIVN	Rivian Automotive	Pair Corr
0.64	BKKLY	Bangkok Bank PCL	Pair Corr

Moving against Preferred Stock

0.56	NIO	Nio Class A	Pair Corr
0.45	NVDA	NVIDIA Aggressive Push	Pair Corr
0.43	GRAB	Grab Holdings Aggressive Push	Pair Corr
0.38	PLUG	Plug Power Aggressive Push	Pair Corr
0.32	GRLF	Green Leaf Innovations	Pair Corr
0.55	PG	Procter Gamble	Pair Corr
0.43	MSFT	Microsoft Earnings Call Tomorrow	Pair Corr
0.37	T	ATT Inc Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	WABC	CNOB	QCRH	CFR	BY	RBCAA	FSUN	PEBO	OCFC	WAFD
WABC		0.79	0.8	0.79	0.86	0.83	0.58	0.89	0.46	0.7	WABC
CNOB	0.79		0.9	0.76	0.94	0.85	0.68	0.91	0.56	0.8	CNOB
QCRH	0.8	0.9		0.76	0.95	0.81	0.52	0.92	0.52	0.9	QCRH
CFR	0.79	0.76	0.76		0.86	0.73	0.71	0.86	0.1	0.67	CFR
BY	0.86	0.94	0.95	0.86		0.91	0.7	0.98	0.5	0.86	BY
RBCAA	0.83	0.85	0.81	0.73	0.91		0.78	0.93	0.66	0.72	RBCAA
FSUN	0.58	0.68	0.52	0.71	0.7	0.78		0.72	0.37	0.48	FSUN
PEBO	0.89	0.91	0.92	0.86	0.98	0.93	0.72		0.5	0.83	PEBO
OCFC	0.46	0.56	0.52	0.1	0.5	0.66	0.37	0.5		0.45	OCFC
WAFD	0.7	0.8	0.9	0.67	0.86	0.72	0.48	0.83	0.45		WAFD
	WABC	CNOB	QCRH	CFR	BY	RBCAA	FSUN	PEBO	OCFC	WAFD

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WABC	1.09	0.04	0.02	0.12	1.12	(1.30)	2.97	(1.77)	7.62
CNOB	1.23	0.20	0.13	0.56	0.98	(1.49)	3.61	(1.83)	6.62
QCRH	1.19	0.24	0.17	0.30	1.09	(1.38)	3.55	(1.74)	8.45
CFR	1.00	0.08	0.07	0.15	0.94	(1.22)	3.15	(1.48)	7.64
BY	1.13	0.16	0.12	0.23	1.04	(1.35)	2.82	(1.88)	9.25
RBCAA	1.20	0.02	0.01	0.09	1.34	(1.45)	3.24	(2.43)	9.56
FSUN	1.72	(0.10)	0.00	(0.03)	0.00	0.00	3.49	(2.36)	18.58
PEBO	1.13	0.09	0.06	0.18	1.16	(1.29)	3.16	(2.17)	7.86
OCFC	1.46	(0.12)	0.00	(0.02)	0.00	0.00	3.55	(3.70)	11.35
WAFD	1.21	0.11	0.06	0.21	1.46	(1.25)	3.19	(2.74)	7.68

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 Czajka	CFO and Executive VP	Profile
	Johnny Hsu	Executive COO	Profile

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