Pioneer Bancorp Correlations
The correlation of Pioneer Bancorp 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices. Moving together with Pioneer Stock
| 0.69 | MBIN | Merchants Bancorp | PairCorr |
| 0.86 | MBWM | Mercantile Bank | PairCorr |
| 0.81 | BY | Byline Bancorp | PairCorr |
| 0.89 | RF-PC | Regions Financial | PairCorr |
| 0.75 | RF-PE | Regions Financial | PairCorr |
| 0.82 | RF-PF | Regions Financial | PairCorr |
| 0.83 | PB | Prosperity Bancshares | PairCorr |
| 0.84 | RF | Regions Financial | PairCorr |
| 0.83 | VBTX | Veritex Holdings | PairCorr |
| 0.85 | MBINN | Merchants Bancorp | PairCorr |
| 0.77 | MOFG | MidWestOne Financial | PairCorr |
| 0.66 | TFC-PI | Truist Financial | PairCorr |
| 0.81 | TFC-PO | Truist Financial | PairCorr |
| 0.76 | TFC-PR | Truist Financial | PairCorr |
| 0.7 | MRBK | Meridian Bank | PairCorr |
| 0.87 | MSBI | Midland States Bancorp | PairCorr |
| 0.7 | MVBF | MVB Financial Corp | PairCorr |
| 0.8 | WAL-PA | Western Alliance Ban | PairCorr |
| 0.84 | EBTC | Enterprise Bancorp | PairCorr |
| 0.84 | CFG-PE | Citizens Financial | PairCorr |
| 0.68 | CFG-PH | Citizens Financial Group, | PairCorr |
| 0.88 | EFSC | Enterprise Financial | PairCorr |
| 0.62 | EFSI | Eagle Financial Services | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Pioneer Stock performing well and Pioneer 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 Pioneer 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HFBL | 1.43 | 0.00 | 0.03 | (0.10) | 1.93 | 3.49 | 11.15 | |||
| HMNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HVBC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LSBK | 1.39 | (0.06) | 0.00 | (0.24) | 0.00 | 3.04 | 10.30 | |||
| CWBC | 1.16 | 0.02 | 0.00 | (0.07) | 0.00 | 3.51 | 11.18 | |||
| OFED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CULL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MGYR | 1.09 | 0.09 | 0.12 | 6.05 | 1.22 | 2.26 | 5.40 | |||
| LNKB | 1.89 | 0.05 | 0.00 | (0.04) | 0.00 | 4.37 | 12.08 | |||
| RBKB | 1.09 | 0.15 | 0.16 | 2.09 | 1.30 | 2.94 | 9.15 |
Pioneer Bancorp Corporate Management
| Robert Nichols | Ex Officer | Profile | |
| Thomas CPA | Executive Officer | Profile | |
| Kelli Arnold | Executive Officer | Profile | |
| James Murphy | Executive Officer | Profile | |
| Jesse Tomczak | Executive Officer | Profile |