ECB Bancorp Correlations

ECBK Stock

USD 15.14 0.06 0.39%

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 against ECB Stock

0.56	KB	KB Financial Group	Pair Corr
0.51	NU	Nu Holdings Aggressive Push	Pair Corr
0.44	PB	Prosperity Bancshares	Pair Corr
0.39	RF	Regions Financial	Pair Corr
0.55	EFSI	Eagle Financial Services	Pair Corr
0.37	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	0.3	-0.3	0.0	0.57	-0.32	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	0.3	0.0		0.08	0.0	0.33	0.07	0.0	MGYR
CWBC	0.0	0.0	-0.3	0.0	0.08		0.0	-0.33	0.74	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	0.57	0.0	0.33	-0.33	0.0		-0.42	0.0	LSBK
OVLY	0.0	0.0	-0.32	0.0	0.07	0.74	0.0	-0.42		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

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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

OVLY	+ 0.74	CWBC
LSBK	+ 0.57	HFBL
LSBK	+ 0.33	MGYR
MGYR	+ 0.3	HFBL
CWBC	+ 0.08	MGYR
OVLY	+ 0.07	MGYR

High negative correlations

OVLY	- 0.42	LSBK
LSBK	- 0.33	CWBC
OVLY	- 0.32	HFBL
CWBC	- 0.3	HFBL
CIZN	- 0.0	OVLY
CIZN	- 0.0	LSBK

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	1.51	0.07	0.04	0.19	2.13	(1.98)	5.67	(4.53)	13.32
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MGYR	1.14	0.07	0.06	0.12	1.45	(1.40)	2.98	(2.68)	6.74
CWBC	0.98	(0.19)	0.00	(0.32)	0.00	0.00	2.28	(2.17)	6.01
HVBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LSBK	1.62	0.34	0.16	0.63	1.58	(2.36)	3.62	(3.16)	21.68
OVLY	1.51	(0.29)	0.00	(0.50)	0.00	0.00	2.38	(3.77)	11.49
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

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