Equity Bancshares, Correlations

EQBK Stock

USD 48.26 0.21 0.43%

The current 90-days correlation between Equity Bancshares, and Brookline Bancorp is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Equity Bancshares, moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equity Bancshares, moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Equity Bancshares, Correlation With Market

Poor diversification

The correlation between Equity Bancshares, and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equity Bancshares, and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equity Bancshares,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

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

Moving together with Equity Stock

0.93	AX	Axos Financial	Pair Corr
0.92	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.63	KB	KB Financial Group	Pair Corr
0.94	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.97	RF	Regions Financial Sell-off Trend	Pair Corr
0.68	VABK	Virginia National	Pair Corr
0.94	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.97	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.78	TECTP	Tectonic Financial	Pair Corr
0.86	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.95	EBTC	Enterprise Bancorp	Pair Corr
0.69	ECBK	ECB Bancorp	Pair Corr
0.97	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.93	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.62	KEY-PJ	KeyCorp	Pair Corr
0.66	KEY-PK	KeyCorp	Pair Corr
0.65	KEY-PL	KeyCorp	Pair Corr
0.95	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.62	WAFD	Washington Federal	Pair Corr
0.94	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.71	BANC-PF	Banc of California	Pair Corr
0.88	ESSA	ESSA Bancorp	Pair Corr
0.88	EVBN	Evans Bancorp	Pair Corr
0.8	WSBCP	WesBanco	Pair Corr
0.87	WMPN	William Penn Bancorp	Pair Corr

Moving against Equity Stock

0.57	CFG-PE	Citizens Financial	Pair Corr
0.56	TFC-PO	Truist Financial	Pair Corr
0.52	TFC-PR	Truist Financial	Pair Corr
0.36	FRCCL	First Republic Bank	Pair Corr
0.36	FRCHL	First Republic Bank	Pair Corr

Related Correlations Analysis

	BRKL	KRNY	HFWA	FVCB	CWBC	CULL	HMNF	HFBL	ISTR	LBC
BRKL		0.92	0.94	0.71	0.58	-0.42	0.59	0.12	0.95	0.41	BRKL
KRNY	0.92		0.94	0.8	0.59	-0.34	0.62	0.13	0.95	0.4	KRNY
HFWA	0.94	0.94		0.67	0.68	-0.36	0.58	0.1	0.92	0.35	HFWA
FVCB	0.71	0.8	0.67		0.22	-0.41	0.42	0.19	0.83	0.42	FVCB
CWBC	0.58	0.59	0.68	0.22		-0.31	0.44	-0.04	0.46	0.13	CWBC
CULL	-0.42	-0.34	-0.36	-0.41	-0.31		-0.5	0.09	-0.47	-0.33	CULL
HMNF	0.59	0.62	0.58	0.42	0.44	-0.5		-0.16	0.62	0.32	HMNF
HFBL	0.12	0.13	0.1	0.19	-0.04	0.09	-0.16		0.14	0.24	HFBL
ISTR	0.95	0.95	0.92	0.83	0.46	-0.47	0.62	0.14		0.48	ISTR
LBC	0.41	0.4	0.35	0.42	0.13	-0.33	0.32	0.24	0.48		LBC
	BRKL	KRNY	HFWA	FVCB	CWBC	CULL	HMNF	HFBL	ISTR	LBC

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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

ISTR	+ 0.95	BRKL
ISTR	+ 0.95	KRNY
HFWA	+ 0.94	BRKL
HFWA	+ 0.94	KRNY
KRNY	+ 0.92	BRKL
ISTR	+ 0.92	HFWA

High negative correlations

HMNF	- 0.5	CULL
ISTR	- 0.47	CULL
CULL	- 0.42	BRKL
CULL	- 0.41	FVCB
CULL	- 0.36	HFWA
CULL	- 0.34	KRNY

Risk-Adjusted Indicators

There is a big difference between Equity Stock performing well and Equity Bancshares, 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 Equity Bancshares,'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
BRKL	1.36	0.38	0.17	(9.46)	1.16	(1.57)	3.72	(2.11)	14.18
KRNY	1.88	(0.04)	0.09	0.10	1.72	(2.35)	4.40	(3.47)	22.42
HFWA	1.53	0.07	0.10	0.15	1.54	(1.56)	3.20	(2.17)	19.67
FVCB	1.96	0.06	0.06	0.15	2.23	(2.16)	4.78	(3.23)	13.88
CWBC	1.03	0.00	0.02	0.11	1.12	(1.11)	2.53	(2.16)	9.14
CULL	0.51	(0.12)	0.00	39.32	0.00	0.00	1.18	(1.64)	4.73
HMNF	1.88	0.36	0.12	1.37	1.85	(2.37)	4.29	(3.19)	13.15
HFBL	1.56	(0.16)	0.00	(0.27)	0.00	0.00	3.75	(4.31)	17.43
ISTR	1.46	0.22	0.19	0.24	1.11	(1.66)	3.41	(2.50)	17.09
LBC	2.06	0.15	0.00	(0.46)	2.16	(2.32)	5.04	(3.88)	10.73

Equity Bancshares, Corporate Management

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