Premier Financial Correlations

PFC Stock

USD 27.99 0.06 0.21%

The correlation of Premier Financial 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.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Premier Financial Corp. 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.

Moving together with Premier Stock

0.86	AX	Axos Financial	Pair Corr
0.89	BY	Byline Bancorp	Pair Corr
0.89	PB	Prosperity Bancshares	Pair Corr
0.78	RF	Regions Financial	Pair Corr
0.67	VABK	Virginia National	Pair Corr
0.65	VBNK	VersaBank	Pair Corr
0.79	VBTX	Veritex Holdings	Pair Corr
0.9	EFSC	Enterprise Financial Normal Trading	Pair Corr
0.8	EGBN	Eagle Bancorp	Pair Corr
0.82	WABC	Westamerica Bancorporation	Pair Corr
0.83	EQBK	Equity Bancshares,	Pair Corr
0.72	EVBN	Evans Bancorp	Pair Corr
0.71	EWBC	East West Bancorp	Pair Corr
0.73	WMPN	William Penn Bancorp	Pair Corr

Moving against Premier Stock

0.52	FRCCL	First Republic Bank	Pair Corr
0.52	FRCHL	First Republic Bank	Pair Corr

Related Correlations Analysis

	BWFG	MBCN	CIVB	FRST	HBCP	HTBI	GSBC	BKSC	FNWD	FCF
BWFG		0.69	0.88	0.79	0.77	0.85	0.87	-0.26	0.33	0.82	BWFG
MBCN	0.69		0.65	0.78	0.73	0.62	0.76	0.03	0.8	0.79	MBCN
CIVB	0.88	0.65		0.75	0.7	0.82	0.8	-0.27	0.24	0.81	CIVB
FRST	0.79	0.78	0.75		0.74	0.71	0.73	-0.01	0.6	0.94	FRST
HBCP	0.77	0.73	0.7	0.74		0.9	0.75	-0.05	0.52	0.79	HBCP
HTBI	0.85	0.62	0.82	0.71	0.9		0.8	-0.19	0.31	0.78	HTBI
GSBC	0.87	0.76	0.8	0.73	0.75	0.8		-0.19	0.4	0.77	GSBC
BKSC	-0.26	0.03	-0.27	-0.01	-0.05	-0.19	-0.19		0.29	-0.1	BKSC
FNWD	0.33	0.8	0.24	0.6	0.52	0.31	0.4	0.29		0.59	FNWD
FCF	0.82	0.79	0.81	0.94	0.79	0.78	0.77	-0.1	0.59		FCF
	BWFG	MBCN	CIVB	FRST	HBCP	HTBI	GSBC	BKSC	FNWD	FCF

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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

FCF	+ 0.94	FRST
HTBI	+ 0.9	HBCP
CIVB	+ 0.88	BWFG
GSBC	+ 0.87	BWFG
HTBI	+ 0.85	BWFG
FCF	+ 0.82	BWFG

High negative correlations

BKSC	- 0.27	CIVB
BKSC	- 0.26	BWFG
BKSC	- 0.19	GSBC
BKSC	- 0.19	HTBI
FCF	- 0.1	BKSC
BKSC	- 0.05	HBCP

Risk-Adjusted Indicators

There is a big difference between Premier Stock performing well and Premier Financial 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 Premier Financial'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
BWFG	1.80	0.13	0.05	0.33	1.89	(2.08)	3.97	(2.84)	18.77
MBCN	1.64	0.00	(0.02)	0.08	1.91	(1.91)	3.30	(2.91)	17.31
CIVB	1.54	0.27	0.11	1.80	1.67	(1.72)	3.56	(3.09)	13.76
FRST	1.40	(0.06)	0.00	(0.33)	0.00	0.00	3.02	(3.73)	18.73
HBCP	1.61	0.07	0.02	0.20	1.87	(1.84)	3.32	(3.07)	14.40
HTBI	1.50	0.15	0.07	0.34	1.64	(1.79)	2.80	(2.27)	18.89
GSBC	1.52	0.04	0.00	0.14	1.99	(1.56)	2.62	(2.99)	19.07
BKSC	1.36	(0.03)	0.00	0.25	0.00	0.00	2.77	(2.79)	6.92
FNWD	0.96	(0.25)	0.00	(0.99)	0.00	0.00	2.12	(2.54)	8.51
FCF	1.35	0.01	(0.03)	0.19	1.67	(1.57)	2.85	(2.89)	21.65

Premier Financial Corporate Management

Matthew Garrity	Ex Officer	Profile
Jason Gendics	Exec Bank	Profile
Rick Hull	Executive Banking	Profile
Varun Chandhok	Executive Officer	Profile
Sharon Davis	Executive Officer	Profile
Shannon Kuhl	Chief VP	Profile

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