Peoples Bancorp Correlations

PEBK Stock

USD 32.00 0.23 0.72%

The current 90-days correlation between Peoples Bancorp and Oconee Federal Financial is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Peoples Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Peoples Bancorp of moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Peoples Bancorp Correlation With Market

Poor diversification

The correlation between Peoples Bancorp of and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Peoples Bancorp of 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 Peoples Bancorp of. 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 Peoples Stock please use our How to buy in Peoples Stock guide.

Moving together with Peoples Stock

0.91	AX	Axos Financial	Pair Corr
0.93	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.92	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.86	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.65	VABK	Virginia National	Pair Corr
0.78	VBNK	VersaBank	Pair Corr
0.84	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.62	TECTP	Tectonic Financial	Pair Corr
0.71	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.85	EBTC	Enterprise Bancorp Normal Trading	Pair Corr
0.92	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.79	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.63	KEY-PL	KeyCorp	Pair Corr
0.89	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.73	WAFD	Washington Federal	Pair Corr
0.74	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.94	BANC-PF	Banc of California	Pair Corr
0.88	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.79	ESSA	ESSA Bancorp	Pair Corr
0.91	EVBN	Evans Bancorp	Pair Corr
0.72	WSBCP	WesBanco	Pair Corr
0.69	WMPN	William Penn Bancorp	Pair Corr
0.92	WNEB	Western New England Fiscal Year End 28th of January 2025	Pair Corr

Moving against Peoples Stock

0.7	CFG-PE	Citizens Financial	Pair Corr
0.62	TFC-PR	Truist Financial	Pair Corr
0.61	TFC-PO	Truist Financial	Pair Corr
0.39	NU	Nu Holdings Aggressive Push	Pair Corr
0.36	WF	Woori Financial Group	Pair Corr
0.76	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	OFED	CULL	HMNF	HFBL	ISTR	HVBC	LSBK	FNWD	CWBC	FFNW
OFED		0.36	-0.34	-0.13	-0.87	-0.25	-0.61	-0.12	-0.47	0.27	OFED
CULL	0.36		-0.5	-0.07	-0.42	-0.54	-0.37	-0.22	-0.27	0.23	CULL
HMNF	-0.34	-0.5		0.18	0.54	0.4	0.31	0.36	0.47	-0.29	HMNF
HFBL	-0.13	-0.07	0.18		0.19	0.07	0.23	0.43	-0.05	-0.07	HFBL
ISTR	-0.87	-0.42	0.54	0.19		0.26	0.61	0.28	0.7	-0.27	ISTR
HVBC	-0.25	-0.54	0.4	0.07	0.26		0.28	0.13	0.16	0.11	HVBC
LSBK	-0.61	-0.37	0.31	0.23	0.61	0.28		0.44	0.13	-0.28	LSBK
FNWD	-0.12	-0.22	0.36	0.43	0.28	0.13	0.44		-0.24	-0.07	FNWD
CWBC	-0.47	-0.27	0.47	-0.05	0.7	0.16	0.13	-0.24		-0.23	CWBC
FFNW	0.27	0.23	-0.29	-0.07	-0.27	0.11	-0.28	-0.07	-0.23		FFNW
	OFED	CULL	HMNF	HFBL	ISTR	HVBC	LSBK	FNWD	CWBC	FFNW

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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

CWBC	+ 0.7	ISTR
LSBK	+ 0.61	ISTR
ISTR	+ 0.54	HMNF
CWBC	+ 0.47	HMNF
FNWD	+ 0.44	LSBK
FNWD	+ 0.43	HFBL

High negative correlations

ISTR	- 0.87	OFED
LSBK	- 0.61	OFED
HVBC	- 0.54	CULL
HMNF	- 0.5	CULL
CWBC	- 0.47	OFED
ISTR	- 0.42	CULL

Risk-Adjusted Indicators

There is a big difference between Peoples Stock performing well and Peoples Bancorp 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 Peoples Bancorp'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
OFED	2.13	(0.30)	0.00	(0.51)	0.00	0.00	3.48	(5.28)	12.66
CULL	0.51	(0.10)	0.00	0.86	0.00	0.00	1.18	(1.64)	4.73
HMNF	1.88	0.44	0.12	(1.03)	1.85	(2.37)	4.29	(3.19)	13.15
HFBL	1.43	(0.10)	0.00	(0.09)	0.00	0.00	3.75	(4.31)	17.43
ISTR	1.46	0.17	0.18	0.20	1.13	(1.75)	3.41	(2.50)	17.09
HVBC	1.51	0.32	0.08	2.29	2.03	(1.59)	2.68	(4.11)	18.63
LSBK	1.19	0.09	(0.01)	1.07	1.35	(1.74)	3.69	(3.23)	8.64
FNWD	1.04	0.12	0.05	0.41	0.84	(1.32)	2.57	(1.90)	12.55
CWBC	1.03	(0.03)	0.00	0.09	1.15	(1.12)	2.53	(2.16)	9.14
FFNW	0.62	(0.07)	0.00	(0.06)	0.00	0.00	1.36	(1.20)	4.32

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