Provident Financial Correlations
| PROV Stock | USD 15.75 0.25 1.61% |
The correlation of Provident 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Provident Financial Correlation With Market
Modest diversification
The correlation between Provident Financial Holdings and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Provident Financial Holdings and DJI in the same portfolio, assuming nothing else is changed.
Provident |
Moving against Provident Stock
| 0.34 | VBFC | Village Bank | PairCorr |
| 0.31 | TECTP | Tectonic Financial | PairCorr |
| 0.36 | EFSI | Eagle Financial Services | PairCorr |
| 0.33 | KEY-PI | KeyCorp | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Provident Stock performing well and Provident 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 Provident 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CULL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HFBL | 1.57 | 0.12 | 0.04 | 0.30 | 2.02 | 6.19 | 13.83 | |||
| HMNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MGYR | 1.33 | 0.22 | 0.12 | 0.69 | 1.26 | 3.04 | 10.79 | |||
| NWYF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CWBC | 0.99 | (0.13) | 0.00 | (1.22) | 0.00 | 2.45 | 6.94 | |||
| FNWB | 1.34 | (0.04) | 0.00 | (0.05) | 0.00 | 3.00 | 9.99 | |||
| OFED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FBIZ | 1.41 | 0.10 | 0.05 | 0.14 | 1.73 | 2.86 | 8.42 | |||
| OPOF | 1.24 | 0.60 | 0.30 | 5.03 | 1.19 | 4.21 | 11.44 |
Provident Financial Corporate Executives
Elected by the shareholders, the Provident Financial's board of directors comprises two types of representatives: Provident Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Provident. The board's role is to monitor Provident Financial's management team and ensure that shareholders' interests are well served. Provident Financial'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, Provident Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Tamhao Nguyen | CFO VP | Profile | |
| Tam Nguyen | CFO VP | Profile |