Eagle Bancorp Correlations

EGBN Stock

USD 17.23 0.29 1.71%

The current 90-days correlation between Eagle Bancorp and Peoples Bancorp is 0.69 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eagle Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eagle Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Eagle Bancorp Correlation With Market

Good diversification

The correlation between Eagle Bancorp and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eagle Bancorp and DJI in the same portfolio, assuming nothing else is changed.

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eagle 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 bureau of labor statistics.

To learn how to invest in Eagle Stock, please use our How to Invest in Eagle Bancorp guide.

Moving together with Eagle Stock

0.75	MBBC	Marathon Bancorp, Common	Pair Corr
0.76	MBIN	Merchants Bancorp	Pair Corr
0.68	EFSI	Eagle Financial Services	Pair Corr

Moving against Eagle Stock

0.74	KB	KB Financial Group	Pair Corr
0.71	WF	Woori Financial Group	Pair Corr
0.7	MGYR	Magyar Bancorp	Pair Corr
0.62	DB	Deutsche Bank AG	Pair Corr
0.58	TECTP	Tectonic Financial	Pair Corr
0.5	NU	Nu Holdings	Pair Corr
0.5	VBNK	VersaBank	Pair Corr
0.47	AX	Axos Financial	Pair Corr
0.46	MBCN	Middlefield Banc	Pair Corr
0.35	RF-PF	Regions Financial	Pair Corr
0.33	VABK	Virginia National	Pair Corr
0.6	MVBF	MVB Financial Corp	Pair Corr
0.55	MYFW	First Western Financial	Pair Corr
0.53	MNSB	Mainstreet Bank	Pair Corr

Related Correlations Analysis

	PEBO	NRIM	UBSI	PPBI	FBIZ	OFED	OPOF	CULL	PKBK	SMBC
PEBO		0.76	0.95	0.98	0.84	0.0	0.12	0.0	0.9	0.94	PEBO
NRIM	0.76		0.89	0.69	0.67	0.0	0.6	0.0	0.84	0.73	NRIM
UBSI	0.95	0.89		0.92	0.85	0.0	0.33	0.0	0.92	0.92	UBSI
PPBI	0.98	0.69	0.92		0.82	0.0	0.05	0.0	0.88	0.92	PPBI
FBIZ	0.84	0.67	0.85	0.82		0.0	0.21	0.0	0.81	0.94	FBIZ
OFED	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	OFED
OPOF	0.12	0.6	0.33	0.05	0.21	0.0		0.0	0.42	0.18	OPOF
CULL	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CULL
PKBK	0.9	0.84	0.92	0.88	0.81	0.0	0.42	0.0		0.89	PKBK
SMBC	0.94	0.73	0.92	0.92	0.94	0.0	0.18	0.0	0.89		SMBC
	PEBO	NRIM	UBSI	PPBI	FBIZ	OFED	OPOF	CULL	PKBK	SMBC

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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

PPBI	+ 0.98	PEBO
UBSI	+ 0.95	PEBO
SMBC	+ 0.94	PEBO
SMBC	+ 0.94	FBIZ
PPBI	+ 0.92	UBSI
PKBK	+ 0.92	UBSI

High negative correlations

SMBC	- 0.0	CULL
PKBK	- 0.0	CULL
CULL	- 0.0	OPOF
SMBC	- 0.0	OFED
PKBK	- 0.0	OFED
CULL	- 0.0	OFED

Risk-Adjusted Indicators

There is a big difference between Eagle Stock performing well and Eagle 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 Eagle 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
PEBO	1.16	(0.04)	0.00	0.24	0.00	0.00	2.15	(2.51)	8.23
NRIM	1.32	0.24	0.09	(0.85)	2.17	(1.36)	2.73	(2.30)	10.08
UBSI	1.24	0.01	(0.01)	(0.03)	1.86	(1.32)	2.67	(2.12)	11.20
PPBI	1.68	(0.06)	0.00	0.27	0.00	0.00	4.40	(3.20)	11.89
FBIZ	1.43	(0.03)	0.00	0.12	0.00	0.00	3.18	(2.70)	11.55
OFED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OPOF	1.33	0.53	0.58	27.73	0.15	(1.95)	2.47	(0.99)	25.60
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PKBK	1.15	0.08	0.03	(0.20)	1.52	(1.38)	2.32	(2.18)	9.12
SMBC	1.19	(0.06)	0.00	0.19	0.00	0.00	2.19	(2.95)	9.72

Eagle Bancorp Corporate Management

CPA CPA	Ex CFO	Profile
Joseph Clarke	Ex COO	Profile
JD Esq	Executive Officer	Profile
Ryan Segars	Senior Lending	Profile
Akash CFA	Corporate Manager	Profile

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