BCB Bancorp Correlations

BCBP Stock

USD 10.16 0.32 3.25%

The current 90-days correlation between BCB Bancorp and First Mid Illinois is 0.62 (i.e., Poor diversification). The correlation of BCB 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. If the correlation is 0, the equities are not correlated; they are entirely random.

BCB Bancorp Correlation With Market

Good diversification

The correlation between BCB Bancorp and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BCB Bancorp 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 BCB 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.

To learn how to invest in BCB Stock, please use our How to Invest in BCB Bancorp guide.

Moving together with BCB Stock

0.78	MCBS	MetroCity Bankshares	Pair Corr
0.81	AX	Axos Financial	Pair Corr
0.72	KB	KB Financial Group	Pair Corr
0.65	RF	Regions Financial	Pair Corr
0.69	VBNK	VersaBank	Pair Corr
0.67	VBTX	Veritex Holdings	Pair Corr
0.82	MSBI	Midland States Bancorp	Pair Corr

Moving against BCB Stock

0.81	TECTP	Tectonic Financial	Pair Corr
0.79	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.62	WF	Woori Financial Group	Pair Corr
0.79	EBMT	Eagle Bancorp Montana	Pair Corr
0.53	MBINN	Merchants Bancorp	Pair Corr
0.52	TFC-PO	Truist Financial	Pair Corr
0.48	TFC-PI	Truist Financial	Pair Corr
0.43	TFC-PR	Truist Financial	Pair Corr
0.37	WAL-PA	Western Alliance Ban	Pair Corr
0.32	CFG-PH	Citizens Financial Group,	Pair Corr

Related Correlations Analysis

	PFS	FMBH	CNOB	FNWD	CFB	NFBK	HFWA	HTBK	NBHC	BWFG
PFS		0.58	0.21	-0.46	-0.37	-0.03	0.12	-0.2	0.4	0.45	PFS
FMBH	0.58		0.79	-0.63	-0.44	0.21	0.38	0.49	0.2	0.87	FMBH
CNOB	0.21	0.79		-0.47	-0.38	0.4	0.51	0.78	0.15	0.71	CNOB
FNWD	-0.46	-0.63	-0.47		0.7	0.37	-0.02	-0.2	0.18	-0.3	FNWD
CFB	-0.37	-0.44	-0.38	0.7		0.32	-0.08	0.09	0.17	-0.13	CFB
NFBK	-0.03	0.21	0.4	0.37	0.32		0.78	0.51	0.74	0.39	NFBK
HFWA	0.12	0.38	0.51	-0.02	-0.08	0.78		0.45	0.68	0.46	HFWA
HTBK	-0.2	0.49	0.78	-0.2	0.09	0.51	0.45		0.08	0.53	HTBK
NBHC	0.4	0.2	0.15	0.18	0.17	0.74	0.68	0.08		0.27	NBHC
BWFG	0.45	0.87	0.71	-0.3	-0.13	0.39	0.46	0.53	0.27		BWFG
	PFS	FMBH	CNOB	FNWD	CFB	NFBK	HFWA	HTBK	NBHC	BWFG

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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

BWFG	+ 0.87	FMBH
CNOB	+ 0.79	FMBH
HTBK	+ 0.78	CNOB
HFWA	+ 0.78	NFBK
NBHC	+ 0.74	NFBK
BWFG	+ 0.71	CNOB

High negative correlations

FNWD	- 0.63	FMBH
FNWD	- 0.47	CNOB
FNWD	- 0.46	PFS
CFB	- 0.44	FMBH
CFB	- 0.38	CNOB
CFB	- 0.37	PFS

Risk-Adjusted Indicators

There is a big difference between BCB Stock performing well and BCB 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 BCB 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
PFS	1.24	(0.17)	0.00	1.14	0.00	0.00	2.55	(3.00)	8.56
FMBH	1.07	(0.10)	0.00	(14.99)	0.00	0.00	2.39	(2.54)	6.93
CNOB	1.42	0.06	0.07	(0.54)	1.90	(1.38)	3.12	(3.01)	9.41
FNWD	1.04	(0.06)	0.00	(0.33)	0.00	0.00	2.12	(1.97)	8.51
CFB	1.41	(0.12)	0.00	(1.29)	0.00	0.00	2.78	(2.78)	8.40
NFBK	1.44	(0.10)	0.00	(0.16)	0.00	0.00	2.58	(3.33)	9.15
HFWA	1.19	(0.08)	0.00	(0.17)	0.00	0.00	2.33	(3.27)	8.15
HTBK	1.11	(0.02)	0.00	(0.10)	0.00	0.00	2.22	(2.81)	7.95
NBHC	1.11	(0.16)	0.00	(0.25)	0.00	0.00	1.77	(3.03)	6.80
BWFG	1.40	(0.10)	0.00	0.64	0.00	0.00	3.31	(2.86)	7.92

BCB Bancorp Corporate Management

CPA CPA	VP CFO	Profile
Sandra Sievewright	Chief Compliance Officer, Chief Risk Officer of BCB Community Bank	Profile
Karen CPA	Senior Officer	Profile
Ryan MBA	COO, VP	Profile
Jawad Chaudhry	Chief Officer	Profile

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