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

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

Moving against Equity Stock

  0.57CFG-PE Citizens FinancialPairCorr
  0.56TFC-PO Truist FinancialPairCorr
  0.52TFC-PR Truist FinancialPairCorr
  0.36FRCCL First Republic BankPairCorr
  0.36FRCHL First Republic BankPairCorr

Related Correlations Analysis

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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   
ISTRBRKL
ISTRKRNY
HFWABRKL
HFWAKRNY
KRNYBRKL
ISTRHFWA
  
High negative correlations   
HMNFCULL
ISTRCULL
CULLBRKL
CULLFVCB
CULLHFWA
CULLKRNY

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BRKL  1.36  0.38  0.17 (9.46) 1.16 
 3.72 
 14.18 
KRNY  1.88 (0.04) 0.09  0.10  1.72 
 4.40 
 22.42 
HFWA  1.53  0.07  0.10  0.15  1.54 
 3.20 
 19.67 
FVCB  1.96  0.06  0.06  0.15  2.23 
 4.78 
 13.88 
CWBC  1.03  0.00  0.02  0.11  1.12 
 2.53 
 9.14 
CULL  0.51 (0.12) 0.00  39.32  0.00 
 1.18 
 4.73 
HMNF  1.88  0.36  0.12  1.37  1.85 
 4.29 
 13.15 
HFBL  1.56 (0.16) 0.00 (0.27) 0.00 
 3.75 
 17.43 
ISTR  1.46  0.22  0.19  0.24  1.11 
 3.41 
 17.09 
LBC  2.06  0.15  0.00 (0.46) 2.16 
 5.04 
 10.73 

Equity Bancshares, Corporate Management

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