ECB Bancorp Correlations

ECBK Stock

USD 14.25 0.09 0.63%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ECB Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ECB Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ECB Bancorp Correlation With Market

Average diversification

The correlation between ECB Bancorp and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ECB 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 ECB 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 ECB Stock please use our How to buy in ECB Stock guide.

Moving together with ECB Stock

0.67	AX	Axos Financial	Pair Corr
0.62	BY	Byline Bancorp	Pair Corr
0.76	VABK	Virginia National	Pair Corr
0.73	VBTX	Veritex Holdings	Pair Corr
0.68	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.7	EGBN	Eagle Bancorp	Pair Corr
0.7	WABC	Westamerica Bancorporation	Pair Corr
0.76	WAFD	Washington Federal	Pair Corr
0.8	WAFDP	Washington Federal	Pair Corr

Moving against ECB Stock

0.65	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.63	TECTP	Tectonic Financial	Pair Corr
0.53	VBFC	Village Bank	Pair Corr
0.41	EBTC	Enterprise Bancorp	Pair Corr
0.68	WSBCP	WesBanco	Pair Corr
0.6	OCFCP	OceanFirst Financial Corp	Pair Corr
0.51	BANC-PF	Banc of California	Pair Corr
0.46	KEY-PI	KeyCorp	Pair Corr
0.34	ESSA	ESSA Bancorp	Pair Corr

Related Correlations Analysis

	OFED	CULL	HFBL	HMNF	MGYR	CWBC	HVBC	LSBK	OVLY	CIZN
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
HFBL	0.0	0.0		0.0	0.42	-0.58	0.0	0.48	-0.58	0.0	HFBL
HMNF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HMNF
MGYR	0.0	0.0	0.42	0.0		-0.35	0.0	0.31	-0.38	0.0	MGYR
CWBC	0.0	0.0	-0.58	0.0	-0.35		0.0	-0.23	0.86	0.0	CWBC
HVBC	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	HVBC
LSBK	0.0	0.0	0.48	0.0	0.31	-0.23	0.0		-0.36	0.0	LSBK
OVLY	0.0	0.0	-0.58	0.0	-0.38	0.86	0.0	-0.36		0.0	OVLY
CIZN	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CIZN
	OFED	CULL	HFBL	HMNF	MGYR	CWBC	HVBC	LSBK	OVLY	CIZN

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

OVLY	+ 0.86	CWBC
LSBK	+ 0.48	HFBL
MGYR	+ 0.42	HFBL
LSBK	+ 0.31	MGYR
CULL	+ 0.0	OFED
HFBL	+ 0.0	OFED

High negative correlations

OVLY	- 0.58	HFBL
CWBC	- 0.58	HFBL
OVLY	- 0.38	MGYR
OVLY	- 0.36	LSBK
CWBC	- 0.35	MGYR
LSBK	- 0.23	CWBC

Risk-Adjusted Indicators

There is a big difference between ECB Stock performing well and ECB 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 ECB 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
HFBL	1.61	0.09	0.03	0.14	2.07	(2.31)	6.19	(4.82)	13.83
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MGYR	1.33	0.27	0.15	1.07	1.22	(1.70)	3.04	(2.91)	10.79
CWBC	1.02	(0.05)	0.00	(0.06)	0.00	0.00	2.48	(2.17)	6.94
HVBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LSBK	1.54	0.25	0.10	0.39	1.60	(2.47)	2.99	(3.31)	21.60
OVLY	1.49	0.00	0.00	0.01	2.27	(1.60)	3.76	(2.65)	12.78
CIZN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

ECB Bancorp Corporate Management

Carmela Vitale	Senior Treasurer	Profile
Karen Chasse	Compliance VP	Profile
John Migliozzi	Executive Officer	Profile
Sean Cummings	Senior Lending	Profile
Brandon Lavertu	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC