Park National Correlations

PRK Stock

USD 168.43 1.72 1.01%

The current 90-days correlation between Park National and Peoples Bancorp is 0.93 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Park National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Park National moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Park National Correlation With Market

Average diversification

The correlation between Park National and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Park National 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 Park National. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Park Stock please use our How to buy in Park Stock guide.

Moving together with Park Stock

0.95	AX	Axos Financial	Pair Corr
0.91	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.91	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.93	RF	Regions Financial	Pair Corr
0.75	VABK	Virginia National Earnings Call This Week	Pair Corr
0.8	VBNK	VersaBank	Pair Corr
0.92	VBTX	Veritex Holdings Earnings Call This Week	Pair Corr
0.71	EBMT	Eagle Bancorp Montana Earnings Call This Week	Pair Corr
0.86	EFSC	Enterprise Financial Earnings Call This Week	Pair Corr
0.9	EGBN	Eagle Bancorp Earnings Call This Week	Pair Corr
0.96	WABC	Westamerica Bancorporation	Pair Corr
0.83	WAFD	Washington Federal	Pair Corr
0.85	WASH	Washington Trust Bancorp Earnings Call This Week	Pair Corr
0.95	EQBK	Equity Bancshares, Earnings Call This Week	Pair Corr
0.79	ESSA	ESSA Bancorp Earnings Call This Week	Pair Corr
0.7	EVBN	Evans Bancorp	Pair Corr
0.88	EWBC	East West Bancorp Earnings Call This Week	Pair Corr
0.78	WMPN	William Penn Bancorp	Pair Corr

Moving against Park Stock

0.44	FRCIL	First Republic Bank	Pair Corr
0.33	FRCCL	First Republic Bank	Pair Corr
0.33	FRCHL	First Republic Bank	Pair Corr
0.32	FRCKL	First Republic Bank	Pair Corr
0.32	FRCML	First Republic Bank	Pair Corr

Related Correlations Analysis

	PEBO	LKFN	NBTB	TRMK	ONB
PEBO		0.98	0.88	0.98	0.75	PEBO
LKFN	0.98		0.91	0.96	0.84	LKFN
NBTB	0.88	0.91		0.85	0.9	NBTB
TRMK	0.98	0.96	0.85		0.76	TRMK
ONB	0.75	0.84	0.9	0.76		ONB
	PEBO	LKFN	NBTB	TRMK	ONB

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Risk-Adjusted Indicators

There is a big difference between Park Stock performing well and Park National 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 Park National'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
PEBO	1.42	0.08	0.04	0.19	1.78	(1.60)	2.87	(3.30)	20.36
LKFN	1.55	0.13	0.08	0.28	1.67	(1.90)	3.57	(3.00)	16.50
NBTB	1.40	0.10	0.05	0.21	1.81	(1.43)	2.53	(2.79)	17.78
TRMK	1.59	0.12	0.07	0.20	1.66	(1.93)	3.09	(2.76)	19.01
ONB	1.54	0.32	0.19	0.50	1.39	(1.95)	3.61	(2.91)	20.89

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