Penns Woods Correlations

PWOD Stock

USD 30.41 0.28 0.93%

The current 90-days correlation between Penns Woods Bancorp and Luther Burbank is -0.18 (i.e., Good diversification). The correlation of Penns Woods 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.

Penns Woods Correlation With Market

Average diversification

The correlation between Penns Woods Bancorp and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Penns Woods Bancorp 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 Penns Woods Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Penns Stock

0.74	AX	Axos Financial	Pair Corr
0.74	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.82	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.9	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.62	VABK	Virginia National	Pair Corr
0.93	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.92	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.9	TECTP	Tectonic Financial	Pair Corr
0.86	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.88	EBTC	Enterprise Bancorp	Pair Corr
0.84	ECBK	ECB Bancorp	Pair Corr
0.73	CFG-PH	Citizens Financial Group,	Pair Corr
0.82	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.95	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.69	KEY-PJ	KeyCorp	Pair Corr
0.77	KEY-PK	KeyCorp	Pair Corr
0.76	KEY-PL	KeyCorp	Pair Corr
0.74	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.87	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.88	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.8	ESSA	ESSA Bancorp	Pair Corr
0.84	EVBN	Evans Bancorp	Pair Corr
0.94	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.91	WSBCP	WesBanco	Pair Corr
0.93	WMPN	William Penn Bancorp	Pair Corr

Moving against Penns Stock

0.56	TFC-PO	Truist Financial	Pair Corr
0.52	WF	Woori Financial Group	Pair Corr
0.46	TFC-PR	Truist Financial	Pair Corr
0.4	CFG-PE	Citizens Financial	Pair Corr
0.58	FRCIL	First Republic Bank	Pair Corr
0.45	FRCCL	First Republic Bank	Pair Corr
0.45	FRCHL	First Republic Bank	Pair Corr
0.44	FRCKL	First Republic Bank	Pair Corr

Related Correlations Analysis

	LBC	SRCE	GSBC	WSBF	FCCO	OVLY	FFNW	ESSA	FSBW
LBC		0.39	0.25	-0.06	0.35	0.38	-0.04	0.38	0.17	LBC
SRCE	0.39		0.95	0.6	0.83	0.89	-0.28	0.71	0.86	SRCE
GSBC	0.25	0.95		0.71	0.8	0.89	-0.28	0.68	0.92	GSBC
WSBF	-0.06	0.6	0.71		0.67	0.65	-0.05	0.5	0.78	WSBF
FCCO	0.35	0.83	0.8	0.67		0.9	-0.2	0.79	0.79	FCCO
OVLY	0.38	0.89	0.89	0.65	0.9		-0.36	0.8	0.86	OVLY
FFNW	-0.04	-0.28	-0.28	-0.05	-0.2	-0.36		-0.07	-0.19	FFNW
ESSA	0.38	0.71	0.68	0.5	0.79	0.8	-0.07		0.75	ESSA
FSBW	0.17	0.86	0.92	0.78	0.79	0.86	-0.19	0.75		FSBW
	LBC	SRCE	GSBC	WSBF	FCCO	OVLY	FFNW	ESSA	FSBW

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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

GSBC	+ 0.95	SRCE
FSBW	+ 0.92	GSBC
OVLY	+ 0.9	FCCO
OVLY	+ 0.89	SRCE
OVLY	+ 0.89	GSBC
FSBW	+ 0.86	SRCE

High negative correlations

FFNW	- 0.36	OVLY
FFNW	- 0.28	GSBC
FFNW	- 0.28	SRCE
FFNW	- 0.2	FCCO
FSBW	- 0.19	FFNW
ESSA	- 0.07	FFNW

Risk-Adjusted Indicators

There is a big difference between Penns Stock performing well and Penns Woods 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 Penns Woods' 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
LBC	2.06	0.19	0.00	(0.19)	2.16	(2.32)	5.04	(3.88)	10.73
SRCE	1.41	(0.03)	0.06	0.11	1.51	(1.63)	2.92	(3.40)	15.84
GSBC	1.62	(0.07)	0.05	0.09	1.72	(1.78)	3.56	(3.32)	19.09
WSBF	1.47	0.14	0.01	(7.16)	1.60	(1.71)	2.94	(2.65)	15.80
FCCO	1.35	0.21	0.16	0.31	0.95	(1.61)	4.19	(2.20)	11.05
OVLY	1.78	0.13	0.13	0.19	1.45	(2.30)	5.14	(2.77)	11.90
FFNW	0.61	(0.01)	(0.14)	0.05	0.76	(0.67)	1.65	(1.13)	4.32
ESSA	1.73	0.04	0.04	0.15	2.68	(1.59)	3.80	(5.19)	12.53
FSBW	1.72	(0.06)	0.03	0.09	1.62	(2.13)	4.21	(2.96)	11.90

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