PCB Bancorp Correlations

PCB Stock  USD 21.62  0.07  0.32%   
The current 90-days correlation between PCB Bancorp and OP Bancorp is 0.67 (i.e., Poor diversification). The correlation of PCB 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.

PCB Bancorp Correlation With Market

Weak diversification

The correlation between PCB Bancorp and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PCB Bancorp 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 PCB 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 main economic indicators.
For information on how to trade PCB Stock refer to our How to Trade PCB Stock guide.

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between PCB Stock performing well and PCB 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 PCB 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.

PCB Bancorp Corporate Management

Joanne KimSenior BranchProfile
Troy AnExecutive CounselProfile
John AragonExecutive OfficerProfile
Mimi LeeSenior AdministratorProfile
Soo KyoungSenior IrvineProfile
Brian BangExecutive OfficerProfile