AmeriServ Financial Correlations

ASRV Stock

USD 2.49 0.03 1.22%

The current 90-days correlation between AmeriServ Financial and 1ST SUMMIT BANCORP is -0.09 (i.e., Good diversification). The correlation of AmeriServ Financial 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.

AmeriServ Financial Correlation With Market

Modest diversification

The correlation between AmeriServ Financial and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AmeriServ Financial and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AmeriServ 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 metropolitan statistical area.

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

Moving together with AmeriServ Stock

0.83	AX	Axos Financial	Pair Corr
0.71	BY	Byline Bancorp	Pair Corr
0.65	KB	KB Financial Group	Pair Corr
0.71	PB	Prosperity Bancshares	Pair Corr
0.79	RF	Regions Financial	Pair Corr
0.81	VBNK	VersaBank	Pair Corr
0.71	VBTX	Veritex Holdings	Pair Corr
0.81	EGBN	Eagle Bancorp	Pair Corr
0.69	WAFD	Washington Federal	Pair Corr
0.65	WASH	Washington Trust Bancorp	Pair Corr
0.74	EQBK	Equity Bancshares,	Pair Corr
0.64	WAFDP	Washington Federal	Pair Corr
0.72	EVBN	Evans Bancorp	Pair Corr
0.75	EWBC	East West Bancorp	Pair Corr
0.7	WMPN	William Penn Bancorp	Pair Corr

Moving against AmeriServ Stock

0.73	VBFC	Village Bank	Pair Corr
0.65	TECTP	Tectonic Financial	Pair Corr
0.46	KEY-PI	KeyCorp	Pair Corr
0.39	EBMT	Eagle Bancorp Montana	Pair Corr
0.33	WF	Woori Financial Group	Pair Corr
0.8	FCAP	First Capital	Pair Corr
0.61	OCFCP	OceanFirst Financial Corp	Pair Corr
0.46	BANC-PF	Banc of California	Pair Corr
0.43	BANFP	BFC Capital Trust	Pair Corr
0.4	WSBCP	WesBanco	Pair Corr

Related Correlations Analysis

	FSMK	PTBS	APLO	CYFL	FBPA	AFBI	FFNW	NECB	BAFN	BCAL
FSMK		0.19	-0.71	-0.73	-0.47	0.09	0.06	0.57	-0.77	0.28	FSMK
PTBS	0.19		-0.26	-0.28	-0.15	0.34	0.2	0.23	-0.34	0.51	PTBS
APLO	-0.71	-0.26		0.82	0.64	-0.15	-0.08	-0.59	0.92	-0.26	APLO
CYFL	-0.73	-0.28	0.82		0.61	-0.09	-0.25	-0.72	0.87	-0.45	CYFL
FBPA	-0.47	-0.15	0.64	0.61		-0.11	-0.17	-0.57	0.62	-0.21	FBPA
AFBI	0.09	0.34	-0.15	-0.09	-0.11		0.26	0.32	-0.25	0.65	AFBI
FFNW	0.06	0.2	-0.08	-0.25	-0.17	0.26		0.49	-0.12	0.46	FFNW
NECB	0.57	0.23	-0.59	-0.72	-0.57	0.32	0.49		-0.64	0.66	NECB
BAFN	-0.77	-0.34	0.92	0.87	0.62	-0.25	-0.12	-0.64		-0.4	BAFN
BCAL	0.28	0.51	-0.26	-0.45	-0.21	0.65	0.46	0.66	-0.4		BCAL
	FSMK	PTBS	APLO	CYFL	FBPA	AFBI	FFNW	NECB	BAFN	BCAL

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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

BAFN	+ 0.92	APLO
BAFN	+ 0.87	CYFL
CYFL	+ 0.82	APLO
BCAL	+ 0.66	NECB
BCAL	+ 0.65	AFBI
FBPA	+ 0.64	APLO

High negative correlations

BAFN	- 0.77	FSMK
CYFL	- 0.73	FSMK
NECB	- 0.72	CYFL
APLO	- 0.71	FSMK
BAFN	- 0.64	NECB
NECB	- 0.59	APLO

Risk-Adjusted Indicators

There is a big difference between AmeriServ Stock performing well and AmeriServ Financial 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 AmeriServ Financial'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
FSMK	0.62	(0.05)	0.00	0.79	0.00	0.00	1.81	(2.22)	9.99
PTBS	1.38	(0.10)	0.00	(1.25)	0.00	0.00	3.66	(4.08)	13.91
APLO	1.00	0.20	0.13	1.78	0.99	(1.69)	1.45	(2.31)	13.95
CYFL	0.85	0.35	0.17	3.16	0.70	(1.69)	2.48	(1.66)	12.44
FBPA	0.88	0.04	0.06	(0.34)	1.12	(1.99)	2.41	(2.32)	6.83
AFBI	1.14	0.00	0.00	0.00	0.00	0.00	2.53	(2.02)	22.46
FFNW	1.01	0.04	0.12	(4.95)	1.05	(1.15)	1.17	(1.77)	16.29
NECB	1.32	(0.25)	0.00	(0.48)	0.00	0.00	2.58	(2.61)	6.86
BAFN	2.01	0.71	0.36	0.48	1.56	(2.57)	4.62	(3.37)	18.73
BCAL	1.12	(0.20)	0.00	(0.41)	0.00	0.00	2.01	(2.95)	9.36

AmeriServ Financial Corporate Management

Bettina Fochler	Senior Officer	Profile
Laura Fiore	Senior Auditor	Profile
Gary McKeown	Executive Bank	Profile
Charlene Tessari	Senior Applications	Profile
Kathleen Wallace	Senior Manager	Profile
Michele Scanlan	Senior Officer	Profile
Catherine Torok	Senior Officer	Profile

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