Peoples Fin Correlations

PFIS Stock

USD 49.34 0.39 0.78%

The current 90-days correlation between Peoples Fin and Peapack Gladstone Financial is 0.75 (i.e., Poor diversification). The correlation of Peoples Fin 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.

Peoples Fin Correlation With Market

Very weak diversification

The correlation between Peoples Fin and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Peoples Fin and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Peoples Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Peoples Fin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy Peoples Stock please use our How to Invest in Peoples Fin guide.

Moving together with Peoples Stock

0.83	FBNC	First Bancorp	Pair Corr
0.79	FFBC	First Financial Bancorp Normal Trading	Pair Corr
0.66	AUB	Atlantic Union Bankshares	Pair Corr
0.67	HTB	HomeTrust Bancshares, Symbol Change	Pair Corr
0.66	NIC	Nicolet Bankshares	Pair Corr
0.75	TMP	Tompkins Financial	Pair Corr
0.69	INBK	First Internet Bancorp	Pair Corr
0.88	NBTB	NBT Bancorp	Pair Corr
0.9	BANR	Banner	Pair Corr
0.62	BHRB	Burke Herbert Financial	Pair Corr
0.83	TRMK	Trustmark	Pair Corr
0.72	CARE	Carter Bank	Pair Corr

Moving against Peoples Stock

0.7	601665	Qilu Bank	Pair Corr
0.55	SBID	State Bank	Pair Corr
0.46	002966	Bank of Suzhou	Pair Corr
0.45	WBCPM	Westpac Banking Earnings Call This Week	Pair Corr
0.43	BOQPG	Bank of Queensland	Pair Corr
0.39	MBLPD	Macquarie Bank	Pair Corr
0.41	SHG	Shinhan Financial	Pair Corr

Related Correlations Analysis

	PGC	ACNB	UNTY	COFS	BWB	RRBI	CBNK	AROW	NFBK	FBIZ
PGC		-0.23	0.86	0.29	0.37	-0.05	0.86	-0.1	0.84	0.31	PGC
ACNB	-0.23		0.17	0.67	0.26	0.86	-0.46	0.87	-0.34	0.78	ACNB
UNTY	0.86	0.17		0.55	0.36	0.26	0.68	0.29	0.73	0.6	UNTY
COFS	0.29	0.67	0.55		0.23	0.7	0.16	0.75	0.17	0.88	COFS
BWB	0.37	0.26	0.36	0.23		0.5	0.02	0.11	0.29	0.41	BWB
RRBI	-0.05	0.86	0.26	0.7	0.5		-0.36	0.66	-0.19	0.72	RRBI
CBNK	0.86	-0.46	0.68	0.16	0.02	-0.36		-0.18	0.82	0.12	CBNK
AROW	-0.1	0.87	0.29	0.75	0.11	0.66	-0.18		-0.15	0.85	AROW
NFBK	0.84	-0.34	0.73	0.17	0.29	-0.19	0.82	-0.15		0.2	NFBK
FBIZ	0.31	0.78	0.6	0.88	0.41	0.72	0.12	0.85	0.2		FBIZ
	PGC	ACNB	UNTY	COFS	BWB	RRBI	CBNK	AROW	NFBK	FBIZ

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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

FBIZ	+ 0.88	COFS
AROW	+ 0.87	ACNB
UNTY	+ 0.86	PGC
CBNK	+ 0.86	PGC
RRBI	+ 0.86	ACNB
FBIZ	+ 0.85	AROW

High negative correlations

CBNK	- 0.46	ACNB
CBNK	- 0.36	RRBI
NFBK	- 0.34	ACNB
ACNB	- 0.23	PGC
NFBK	- 0.19	RRBI
AROW	- 0.18	CBNK

Risk-Adjusted Indicators

There is a big difference between Peoples Stock performing well and Peoples Fin 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 Fin'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
PGC	1.56	(0.13)	0.00	(0.02)	0.00	0.00	3.64	(3.17)	14.41
ACNB	1.22	0.12	0.07	0.23	1.23	(1.39)	2.45	(2.17)	6.18
UNTY	1.50	(0.06)	(0.02)	0.02	2.09	(1.57)	3.47	(4.05)	11.20
COFS	1.27	(0.05)	(0.01)	0.04	1.44	(1.82)	4.04	(3.29)	15.48
BWB	1.55	0.07	0.05	0.12	1.67	(1.77)	3.67	(2.86)	11.00
RRBI	1.30	0.07	0.06	0.12	1.41	(1.46)	3.40	(2.59)	7.75
CBNK	1.13	(0.32)	0.00	(0.26)	0.00	0.00	2.71	(2.88)	6.99
AROW	1.48	0.07	0.04	0.14	1.51	(1.71)	3.27	(2.82)	9.60
NFBK	1.50	(0.09)	0.00	(0.31)	0.00	0.00	3.24	(3.56)	9.85
FBIZ	1.18	(0.01)	0.00	0.06	1.44	(1.26)	3.04	(2.41)	8.01

Peoples Fin Corporate Management

Gerard Champi	Chief Officer	Profile
Mary Esq	Executive Counsel	Profile
Thomas Cassidy	Senior Division	Profile
Carol McMullen	Senior Secretary	Profile

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