Enterprise Bancorp Correlations

EBTC Stock

USD 38.88 0.31 0.79%

The current 90-days correlation between Enterprise Bancorp and First Northwest Bancorp is 0.31 (i.e., Weak diversification). The correlation of Enterprise 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.

Enterprise Bancorp Correlation With Market

Poor diversification

The correlation between Enterprise Bancorp and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enterprise Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enterprise 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 estimate.

For information on how to trade Enterprise Stock refer to our How to Trade Enterprise Stock guide.

Moving together with Enterprise Stock

0.74	BY	Byline Bancorp	Pair Corr
0.7	NU	Nu Holdings	Pair Corr
0.76	PB	Prosperity Bancshares	Pair Corr
0.61	RF	Regions Financial	Pair Corr
0.76	TFC-PI	Truist Financial	Pair Corr
0.92	EFSC	Enterprise Financial	Pair Corr
0.83	WASH	Washington Trust Bancorp	Pair Corr
0.78	EQBK	Equity Bancshares,	Pair Corr
0.93	ESSA	ESSA Bancorp	Pair Corr
0.63	EVBN	Evans Bancorp	Pair Corr
0.76	WMPN	William Penn Bancorp	Pair Corr
0.74	WNEB	Western New England	Pair Corr

Moving against Enterprise Stock

0.33

VBFC

Village Bank

Pair Corr

Related Correlations Analysis

	OFED	CULL	HMNF	HFBL	FNWB	CWBC	FFNW	GSBC	FCAP	HTBI
OFED		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	OFED
CULL	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CULL
HMNF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	HMNF
HFBL	0.0	0.0	0.0		0.31	-0.25	-0.24	-0.39	0.44	-0.22	HFBL
FNWB	0.0	0.0	0.0	0.31		0.21	0.04	0.23	0.04	-0.66	FNWB
CWBC	0.0	0.0	0.0	-0.25	0.21		0.22	0.88	-0.59	-0.19	CWBC
FFNW	0.0	0.0	0.0	-0.24	0.04	0.22		0.27	-0.01	-0.06	FFNW
GSBC	0.0	0.0	0.0	-0.39	0.23	0.88	0.27		-0.73	-0.18	GSBC
FCAP	0.0	0.0	0.0	0.44	0.04	-0.59	-0.01	-0.73		0.18	FCAP
HTBI	0.0	0.0	0.0	-0.22	-0.66	-0.19	-0.06	-0.18	0.18		HTBI
	OFED	CULL	HMNF	HFBL	FNWB	CWBC	FFNW	GSBC	FCAP	HTBI

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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

GSBC	+ 0.88	CWBC
FCAP	+ 0.44	HFBL
FNWB	+ 0.31	HFBL
GSBC	+ 0.27	FFNW
GSBC	+ 0.23	FNWB
FFNW	+ 0.22	CWBC

High negative correlations

FCAP	- 0.73	GSBC
HTBI	- 0.66	FNWB
FCAP	- 0.59	CWBC
GSBC	- 0.39	HFBL
CWBC	- 0.25	HFBL
FFNW	- 0.24	HFBL

Risk-Adjusted Indicators

There is a big difference between Enterprise Stock performing well and Enterprise 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 Enterprise 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
OFED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HFBL	1.61	0.16	0.07	0.48	2.06	(2.10)	5.67	(4.53)	13.32
FNWB	1.20	0.00	0.00	(0.07)	0.00	0.00	2.68	(2.76)	9.99
CWBC	0.99	(0.21)	0.00	(0.33)	0.00	0.00	2.28	(2.17)	6.01
FFNW	0.98	0.05	0.10	(4.29)	1.01	(1.14)	1.17	(1.77)	16.29
GSBC	1.25	(0.16)	0.00	(0.26)	0.00	0.00	2.27	(3.02)	7.73
FCAP	1.23	0.45	0.26	0.88	1.22	(1.40)	3.26	(2.28)	10.37
HTBI	1.24	(0.03)	0.00	(5.96)	0.00	0.00	2.33	(1.88)	7.22

Enterprise Bancorp Corporate Executives

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

James Marcotte

CFO, Executive VP, Treasurer, CFO of Enterprise Bank and Trust Company, Executive VP of Enterprise Bank and Trust Company and Treasurer of Enterprise Bank and Trust Company

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