Parke Bancorp Correlations

PKBK Stock

USD 21.95 0.10 0.46%

The current 90-days correlation between Parke Bancorp and Timberland Bancorp is 0.63 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Parke Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Parke Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Parke Bancorp Correlation With Market

Very weak diversification

The correlation between Parke Bancorp and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Parke Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Parke Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parke 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.

For more information on how to buy Parke Stock please use our How to buy in Parke Stock guide.

Moving together with Parke Stock

0.64	FBIZ	First Business Financial	Pair Corr
0.71	PFIS	Peoples Fin	Pair Corr
0.61	ACNB	ACNB	Pair Corr
0.75	AROW	Arrow Financial	Pair Corr
0.88	COFS	ChoiceOne Financial	Pair Corr

Moving against Parke Stock

0.65	PLG	Platinum Group Metals	Pair Corr
0.64	NEE	Nextera Energy Aggressive Push	Pair Corr
0.58	PATH	Uipath Inc	Pair Corr
0.48	UEC	Uranium Energy Corp	Pair Corr
0.48	DRDGF	Drdgold	Pair Corr

Related Correlations Analysis

	TSBK	CZFS	LNKB	COSO	FDBC	NECB	FNLC	MBCN	FINW	JMSB
TSBK		0.92	0.58	0.76	0.6	0.4	0.81	0.09	0.69	0.8	TSBK
CZFS	0.92		0.56	0.74	0.59	0.53	0.87	0.04	0.75	0.85	CZFS
LNKB	0.58	0.56		0.34	0.41	0.31	0.53	0.3	0.56	0.6	LNKB
COSO	0.76	0.74	0.34		0.61	0.15	0.54	0.11	0.64	0.68	COSO
FDBC	0.6	0.59	0.41	0.61		0.3	0.57	0.5	0.31	0.59	FDBC
NECB	0.4	0.53	0.31	0.15	0.3		0.78	-0.14	0.26	0.46	NECB
FNLC	0.81	0.87	0.53	0.54	0.57	0.78		0.07	0.57	0.79	FNLC
MBCN	0.09	0.04	0.3	0.11	0.5	-0.14	0.07		0.17	0.17	MBCN
FINW	0.69	0.75	0.56	0.64	0.31	0.26	0.57	0.17		0.69	FINW
JMSB	0.8	0.85	0.6	0.68	0.59	0.46	0.79	0.17	0.69		JMSB
	TSBK	CZFS	LNKB	COSO	FDBC	NECB	FNLC	MBCN	FINW	JMSB

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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

CZFS	+ 0.92	TSBK
FNLC	+ 0.87	CZFS
JMSB	+ 0.85	CZFS
FNLC	+ 0.81	TSBK
JMSB	+ 0.8	TSBK
JMSB	+ 0.79	FNLC

High negative correlations

MBCN

- 0.14

NECB

Risk-Adjusted Indicators

There is a big difference between Parke Stock performing well and Parke 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 Parke 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
TSBK	1.03	(0.14)	(0.09)	0.00	1.28	(1.13)	2.76	(2.44)	7.16
CZFS	1.79	(0.18)	0.00	(0.03)	0.00	0.00	3.26	(3.35)	11.45
LNKB	1.13	(0.02)	0.00	0.10	1.31	(1.40)	2.86	(2.37)	6.93
COSO	1.00	0.01	(0.01)	0.13	1.25	(1.17)	3.31	(2.43)	9.81
FDBC	1.63	(0.16)	0.00	0.05	2.01	(1.70)	3.56	(2.89)	16.46
NECB	1.45	(0.30)	0.00	(0.04)	0.00	0.00	2.33	(2.94)	11.29
FNLC	1.17	(0.20)	0.00	(0.01)	0.00	0.00	2.40	(3.02)	8.63
MBCN	2.41	0.00	0.06	0.12	2.33	(2.92)	6.11	(3.74)	21.65
FINW	1.81	(0.13)	(0.05)	0.00	2.46	(2.14)	4.09	(4.20)	18.49
JMSB	1.76	(0.11)	(0.04)	0.02	2.08	(2.11)	4.74	(3.23)	15.99

Parke Bancorp Corporate Executives

Elected by the shareholders, the Parke Bancorp's board of directors comprises two types of representatives: Parke Bancorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Parke. The board's role is to monitor Parke Bancorp's management team and ensure that shareholders' interests are well served. Parke Bancorp'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, Parke Bancorp's outside directors are responsible for providing unbiased perspectives on the board's policies.

Jonathan Hill

Senior CFO

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