Peapack Gladstone Correlations

PGC Stock

USD 27.90 0.06 0.21%

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

Peapack Gladstone Correlation With Market

Very weak diversification

The correlation between Peapack Gladstone Financial and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Peapack Gladstone Financial and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Peapack Stock

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

Moving together with Peapack Stock

0.74	FBNC	First Bancorp	Pair Corr
0.88	FFBC	First Financial Bancorp Normal Trading	Pair Corr
0.89	AUB	Atlantic Union Bankshares	Pair Corr
0.67	LDI	Loandepot	Pair Corr
0.89	NIC	Nicolet Bankshares	Pair Corr
0.79	OFG	OFG Bancorp	Pair Corr
0.83	GBCI	Glacier Bancorp	Pair Corr
0.91	INBK	First Internet Bancorp	Pair Corr
0.7	MTRO	Metro Bank PLC	Pair Corr
0.78	NBTB	NBT Bancorp	Pair Corr
0.72	SACH	Sachem Capital Corp	Pair Corr
0.64	SFBC	Sound Financial Bancorp	Pair Corr
0.89	BANR	Banner	Pair Corr
0.65	BYFC	Broadway Financial	Pair Corr
0.87	TRMK	Trustmark	Pair Corr
0.96	CARE	Carter Bank	Pair Corr

Moving against Peapack Stock

0.78	SBID	State Bank	Pair Corr
0.68	601665	Qilu Bank	Pair Corr
0.67	WBCPM	Westpac Banking Earnings Call This Week	Pair Corr
0.56	601187	Xiamen Bank	Pair Corr
0.53	HFBL	Home Federal Bancorp Normal Trading	Pair Corr
0.49	BIRG	Bank of Ireland	Pair Corr
0.43	BOQPG	Bank of Queensland	Pair Corr
0.4	002966	Bank of Suzhou	Pair Corr
0.35	MBLPD	Macquarie Bank	Pair Corr
0.61	SHG	Shinhan Financial	Pair Corr
0.56	PBCRY	Bank Central Asia	Pair Corr
0.37	PPERY	Bank Mandiri Persero	Pair Corr
0.31	BKRKF	PT Bank Rakyat	Pair Corr

Related Correlations Analysis

	PFIS	RRBI	UNTY	NFBK	BWB	COFS	FBIZ	CBNK	KRNY	FFWM
PFIS		0.21	0.92	0.69	0.16	0.65	0.58	0.76	0.33	0.67	PFIS
RRBI	0.21		0.26	-0.19	0.5	0.7	0.72	-0.36	0.73	-0.19	RRBI
UNTY	0.92	0.26		0.73	0.36	0.55	0.6	0.68	0.51	0.67	UNTY
NFBK	0.69	-0.19	0.73		0.29	0.17	0.2	0.82	0.21	0.81	NFBK
BWB	0.16	0.5	0.36	0.29		0.23	0.41	0.02	0.73	0.28	BWB
COFS	0.65	0.7	0.55	0.17	0.23		0.88	0.16	0.52	0.2	COFS
FBIZ	0.58	0.72	0.6	0.2	0.41	0.88		0.12	0.67	0.16	FBIZ
CBNK	0.76	-0.36	0.68	0.82	0.02	0.16	0.12		-0.12	0.85	CBNK
KRNY	0.33	0.73	0.51	0.21	0.73	0.52	0.67	-0.12		0.19	KRNY
FFWM	0.67	-0.19	0.67	0.81	0.28	0.2	0.16	0.85	0.19		FFWM
	PFIS	RRBI	UNTY	NFBK	BWB	COFS	FBIZ	CBNK	KRNY	FFWM

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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

UNTY	+ 0.92	PFIS
FBIZ	+ 0.88	COFS
FFWM	+ 0.85	CBNK
CBNK	+ 0.82	NFBK
FFWM	+ 0.81	NFBK
CBNK	+ 0.76	PFIS

High negative correlations

CBNK	- 0.36	RRBI
FFWM	- 0.19	RRBI
NFBK	- 0.19	RRBI
KRNY	- 0.12	CBNK

Risk-Adjusted Indicators

There is a big difference between Peapack Stock performing well and Peapack Gladstone 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 Peapack Gladstone'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
PFIS	1.28	(0.15)	0.00	(0.08)	0.00	0.00	2.97	(2.69)	9.46
RRBI	1.30	0.07	0.06	0.12	1.41	(1.46)	3.40	(2.59)	7.75
UNTY	1.50	(0.06)	(0.02)	0.02	2.09	(1.57)	3.47	(4.05)	11.20
NFBK	1.50	(0.09)	0.00	(0.31)	0.00	0.00	3.24	(3.56)	9.85
BWB	1.55	0.07	0.05	0.12	1.67	(1.77)	3.67	(2.86)	11.00
COFS	1.27	(0.05)	(0.01)	0.04	1.44	(1.82)	4.04	(3.29)	15.48
FBIZ	1.18	(0.01)	0.00	0.06	1.44	(1.26)	3.04	(2.41)	8.01
CBNK	1.13	(0.32)	0.00	(0.26)	0.00	0.00	2.71	(2.88)	6.99
KRNY	1.29	0.11	0.07	0.16	1.42	(1.52)	4.09	(2.74)	8.83
FFWM	1.84	(0.18)	0.00	(0.05)	0.00	0.00	3.39	(3.38)	12.83

Peapack Gladstone Corporate Executives

Elected by the shareholders, the Peapack Gladstone's board of directors comprises two types of representatives: Peapack Gladstone inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Peapack. The board's role is to monitor Peapack Gladstone's management team and ensure that shareholders' interests are well served. Peapack Gladstone's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Peapack Gladstone's outside directors are responsible for providing unbiased perspectives on the board's policies.

Jeffrey Carfora	CFO, Chief Accounting Officer, Sr. Executive VP, CFO of Peapack-Gladstone Bank and Sr. Executive VP of Peapack-Gladstone Bank	Profile
Frank Cavallaro	Senior CFO	Profile
Frank CPA	Senior CFO	Profile
Robert Plante	Executive COO	Profile

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