Peoples Fin Correlations

PFIS Stock

USD 51.38 0.09 0.17%

The current 90-days correlation between Peoples Fin and Community West Bancshares is 0.1 (i.e., Average diversification). The correlation of Peoples Fin 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.

Peoples Fin Correlation With Market

Significant diversification

The correlation between Peoples Fin and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Peoples Fin 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 Fin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

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

Moving together with Peoples Stock

0.73	AX	Axos Financial	Pair Corr
0.78	BY	Byline Bancorp	Pair Corr
0.71	PB	Prosperity Bancshares	Pair Corr
0.65	RF	Regions Financial	Pair Corr
0.69	VBTX	Veritex Holdings	Pair Corr
0.76	EFSC	Enterprise Financial Normal Trading	Pair Corr
0.66	EGBN	Eagle Bancorp	Pair Corr
0.66	WABC	Westamerica Bancorporation	Pair Corr
0.69	EQBK	Equity Bancshares,	Pair Corr
0.82	EVBN	Evans Bancorp	Pair Corr
0.84	WNEB	Western New England	Pair Corr

Moving against Peoples Stock

0.61	FRCCL	First Republic Bank	Pair Corr
0.61	FRCHL	First Republic Bank	Pair Corr
0.57	FRCIL	First Republic Bank	Pair Corr

Related Correlations Analysis

	CULL	HFBL	HMNF	MGYR	NWYF	FNWD	CWBC	FFNW	OVLY	OFED
CULL		-0.21	-0.5	-0.41	-0.17	0.45	-0.05	0.34	0.17	0.36	CULL
HFBL	-0.21		0.41	0.44	0.55	-0.7	-0.5	-0.65	-0.55	-0.56	HFBL
HMNF	-0.5	0.41		0.41	0.42	-0.57	-0.27	-0.65	-0.42	-0.34	HMNF
MGYR	-0.41	0.44	0.41		0.08	-0.66	0.06	-0.64	-0.08	-0.89	MGYR
NWYF	-0.17	0.55	0.42	0.08		-0.64	-0.81	-0.55	-0.83	-0.32	NWYF
FNWD	0.45	-0.7	-0.57	-0.66	-0.64		0.53	0.87	0.68	0.78	FNWD
CWBC	-0.05	-0.5	-0.27	0.06	-0.81	0.53		0.6	0.87	0.29	CWBC
FFNW	0.34	-0.65	-0.65	-0.64	-0.55	0.87	0.6		0.66	0.77	FFNW
OVLY	0.17	-0.55	-0.42	-0.08	-0.83	0.68	0.87	0.66		0.38	OVLY
OFED	0.36	-0.56	-0.34	-0.89	-0.32	0.78	0.29	0.77	0.38		OFED
	CULL	HFBL	HMNF	MGYR	NWYF	FNWD	CWBC	FFNW	OVLY	OFED

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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

FFNW	+ 0.87	FNWD
OVLY	+ 0.87	CWBC
OFED	+ 0.78	FNWD
OFED	+ 0.77	FFNW
OVLY	+ 0.68	FNWD
OVLY	+ 0.66	FFNW

High negative correlations

OFED	- 0.89	MGYR
OVLY	- 0.83	NWYF
CWBC	- 0.81	NWYF
FNWD	- 0.7	HFBL
FNWD	- 0.66	MGYR
FFNW	- 0.65	HMNF

Risk-Adjusted Indicators

There is a big difference between Peoples Stock performing well and Peoples Fin 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 Fin'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
CULL	0.51	(0.14)	0.00	(0.47)	0.00	0.00	1.18	(1.64)	4.73
HFBL	1.48	0.08	(0.01)	(0.16)	2.10	(2.09)	5.67	(4.53)	13.83
HMNF	1.88	0.42	0.14	(1.00)	1.85	(2.37)	4.29	(3.19)	13.15
MGYR	1.19	0.23	0.11	22.96	1.11	(1.58)	2.98	(2.52)	10.51
NWYF	1.82	0.14	0.01	(0.12)	2.03	(3.86)	5.50	(4.94)	13.65
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
OVLY	1.59	(0.06)	0.00	(0.02)	0.00	0.00	4.00	(3.81)	14.90
OFED	2.13	(0.29)	0.00	(0.36)	0.00	0.00	3.48	(5.28)	12.66

Peoples Fin Corporate Management

Thomas Tulaney	Chief Lending Officer and Executive VP	Profile
James Chiaro	Executive Officer	Profile
Susan Hubble	Executive Officer	Profile
Mary Cummings	Executive Counsel	Profile

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