Peapack Gladstone Correlations

PGC Stock

USD 31.65 0.01 0.03%

The current 90-days correlation between Peapack Gladstone and Community West Bancshares is 0.04 (i.e., Significant diversification). The correlation of Peapack Gladstone 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.

Peapack Gladstone Correlation With Market

Average diversification

The correlation between Peapack Gladstone Financial and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Peapack Gladstone Financial 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 Peapack Gladstone Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Peapack Stock

0.93	AX	Axos Financial	Pair Corr
0.91	BY	Byline Bancorp	Pair Corr
0.8	PB	Prosperity Bancshares	Pair Corr
0.88	RF	Regions Financial	Pair Corr
0.9	VABK	Virginia National	Pair Corr
0.86	VBNK	VersaBank Normal Trading	Pair Corr
0.87	VBTX	Veritex Holdings	Pair Corr
0.69	TFC-PI	Truist Financial	Pair Corr
0.82	EBMT	Eagle Bancorp Montana	Pair Corr
0.73	EFSC	Enterprise Financial Normal Trading	Pair Corr
0.96	EGBN	Eagle Bancorp	Pair Corr
0.72	KEY-PJ	KeyCorp	Pair Corr
0.76	KEY-PK	KeyCorp	Pair Corr
0.97	WABC	Westamerica Bancorporation	Pair Corr
0.88	WAFD	Washington Federal	Pair Corr
0.9	WASH	Washington Trust Bancorp	Pair Corr
0.95	EQBK	Equity Bancshares,	Pair Corr
0.85	WMPN	William Penn Bancorp	Pair Corr

Moving against Peapack Stock

0.37

Deutsche Bank AG

Pair Corr

Related Correlations Analysis

	HMNF	SFBC	FNWD	FRAF	CWBC	FNWB	FFNW	GSBC	NFBK	HFWA
HMNF		-0.31	-0.56	0.15	-0.19	-0.1	-0.62	0.05	-0.22	0.13	HMNF
SFBC	-0.31		0.36	0.07	0.36	0.19	0.27	0.26	0.26	0.17	SFBC
FNWD	-0.56	0.36		0.32	0.49	0.02	0.87	0.36	0.66	0.26	FNWD
FRAF	0.15	0.07	0.32		0.57	0.55	0.45	0.5	0.62	0.64	FRAF
CWBC	-0.19	0.36	0.49	0.57		0.68	0.51	0.86	0.76	0.74	CWBC
FNWB	-0.1	0.19	0.02	0.55	0.68		0.23	0.53	0.55	0.66	FNWB
FFNW	-0.62	0.27	0.87	0.45	0.51	0.23		0.31	0.67	0.33	FFNW
GSBC	0.05	0.26	0.36	0.5	0.86	0.53	0.31		0.74	0.76	GSBC
NFBK	-0.22	0.26	0.66	0.62	0.76	0.55	0.67	0.74		0.86	NFBK
HFWA	0.13	0.17	0.26	0.64	0.74	0.66	0.33	0.76	0.86		HFWA
	HMNF	SFBC	FNWD	FRAF	CWBC	FNWB	FFNW	GSBC	NFBK	HFWA

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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
GSBC	+ 0.86	CWBC
HFWA	+ 0.86	NFBK
NFBK	+ 0.76	CWBC
HFWA	+ 0.76	GSBC
HFWA	+ 0.74	CWBC

High negative correlations

FFNW	- 0.62	HMNF
FNWD	- 0.56	HMNF
SFBC	- 0.31	HMNF
NFBK	- 0.22	HMNF
CWBC	- 0.19	HMNF
FNWB	- 0.1	HMNF

Risk-Adjusted Indicators

There is a big difference between Peapack Stock performing well and Peapack Gladstone 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 Peapack Gladstone'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
HMNF	1.88	0.44	0.13	(0.82)	1.85	(2.37)	4.29	(3.19)	13.15
SFBC	0.96	(0.05)	0.00	(0.16)	0.00	0.00	3.30	(2.06)	7.41
FNWD	0.96	(0.26)	0.00	(0.95)	0.00	0.00	2.12	(2.54)	8.51
FRAF	1.09	0.18	0.10	0.57	0.95	(1.35)	4.60	(2.17)	11.12
CWBC	1.08	0.05	(0.02)	0.51	1.27	(1.16)	2.53	(1.95)	11.26
FNWB	1.26	(0.02)	(0.04)	0.06	1.53	(1.38)	2.98	(2.74)	8.98
FFNW	0.80	(0.12)	0.00	(0.35)	0.00	0.00	1.58	(1.74)	4.32
GSBC	1.52	0.08	(0.01)	(1.10)	1.99	(1.56)	2.62	(2.99)	19.07
NFBK	1.82	(0.04)	(0.04)	0.03	1.87	(2.43)	4.03	(2.55)	23.58
HFWA	1.41	0.18	0.08	0.39	1.57	(1.49)	2.91	(2.94)	21.63

Peapack Gladstone Corporate Executives

Elected by the shareholders, the Peapack Gladstone's board of directors comprises two types of representatives: Peapack Gladstone inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Peapack. The board's role is to monitor Peapack Gladstone's management team and ensure that shareholders' interests are well served. Peapack Gladstone'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, Peapack Gladstone's outside directors are responsible for providing unbiased perspectives on the board's policies.

Jeffrey Carfora	CFO, Chief Accounting Officer, Sr. Executive VP, CFO of Peapack-Gladstone Bank and Sr. Executive VP of Peapack-Gladstone Bank	Profile
Frank Cavallaro	Senior CFO	Profile
Frank CPA	Senior CFO	Profile
Robert Plante	Executive COO	Profile

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