Evans Bancorp Correlations

EVBN Stock

USD 44.58 0.15 0.34%

The current 90-days correlation between Evans Bancorp and First Community is 0.4 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Evans Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evans Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Evans Bancorp Correlation With Market

Very weak diversification

The correlation between Evans Bancorp and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evans 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 Evans 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 Evans Stock, please use our How to Invest in Evans Bancorp guide.

Moving together with Evans Stock

0.73	AX	Axos Financial	Pair Corr
0.73	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.82	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.84	RF	Regions Financial Sell-off Trend	Pair Corr
0.76	VABK	Virginia National	Pair Corr
0.85	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.9	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.75	TECTP	Tectonic Financial	Pair Corr
0.88	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.91	EBTC	Enterprise Bancorp	Pair Corr
0.69	ECBK	ECB Bancorp	Pair Corr
0.67	CFG-PH	Citizens Financial Group,	Pair Corr
0.8	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.86	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.74	KEY-PJ	KeyCorp	Pair Corr
0.78	KEY-PK	KeyCorp	Pair Corr
0.82	KEY-PL	KeyCorp	Pair Corr
0.75	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.83	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.65	BANC-PF	Banc of California	Pair Corr
0.87	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.89	ESSA	ESSA Bancorp	Pair Corr
0.84	WSBCP	WesBanco	Pair Corr
0.82	WMPN	William Penn Bancorp	Pair Corr

Moving against Evans Stock

0.49	WF	Woori Financial Group	Pair Corr
0.32	TFC-PO	Truist Financial	Pair Corr
0.69	FRCCL	First Republic Bank	Pair Corr
0.69	FRCHL	First Republic Bank	Pair Corr
0.44	WBBW	Westbury Bancorp	Pair Corr

Related Correlations Analysis

	FCCO	OVLY	FFNW	ESSA	FSBW	HVBC	HMNF	MGYR	OFED
FCCO		0.91	-0.2	0.8	0.81	0.28	0.56	0.71	-0.7	FCCO
OVLY	0.91		-0.24	0.8	0.87	0.48	0.55	0.79	-0.59	OVLY
FFNW	-0.2	-0.24		-0.01	-0.12	-0.09	0.1	-0.24	0.09	FFNW
ESSA	0.8	0.8	-0.01		0.77	0.42	0.63	0.63	-0.67	ESSA
FSBW	0.81	0.87	-0.12	0.77		0.24	0.38	0.6	-0.44	FSBW
HVBC	0.28	0.48	-0.09	0.42	0.24		0.4	0.7	-0.25	HVBC
HMNF	0.56	0.55	0.1	0.63	0.38	0.4		0.54	-0.34	HMNF
MGYR	0.71	0.79	-0.24	0.63	0.6	0.7	0.54		-0.41	MGYR
OFED	-0.7	-0.59	0.09	-0.67	-0.44	-0.25	-0.34	-0.41		OFED
	FCCO	OVLY	FFNW	ESSA	FSBW	HVBC	HMNF	MGYR	OFED

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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	+ 0.91	FCCO
FSBW	+ 0.87	OVLY
FSBW	+ 0.81	FCCO
ESSA	+ 0.8	FCCO
ESSA	+ 0.8	OVLY
MGYR	+ 0.79	OVLY

High negative correlations

OFED	- 0.7	FCCO
OFED	- 0.67	ESSA
OFED	- 0.59	OVLY
OFED	- 0.44	FSBW
OFED	- 0.41	MGYR
OFED	- 0.34	HMNF

Risk-Adjusted Indicators

There is a big difference between Evans Stock performing well and Evans 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 Evans 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
FCCO	1.24	0.13	0.09	0.25	1.04	(1.43)	3.05	(2.20)	10.76
OVLY	1.68	0.02	0.06	0.13	1.53	(2.14)	4.78	(2.77)	11.90
FFNW	0.62	(0.01)	(0.12)	0.07	0.76	(0.67)	1.65	(1.13)	4.32
ESSA	1.62	0.05	0.04	0.16	2.50	(1.51)	3.69	(3.88)	12.53
FSBW	1.64	(0.11)	(0.01)	0.06	1.67	(1.98)	4.14	(2.96)	11.90
HVBC	1.51	0.33	0.08	5.99	2.03	(1.59)	2.68	(4.11)	18.63
HMNF	1.88	0.38	0.12	3.54	1.85	(2.37)	4.29	(3.19)	13.15
MGYR	0.65	0.14	0.05	1.05	0.47	(0.78)	1.85	(1.22)	3.88
OFED	2.13	(0.21)	0.00	0.83	0.00	0.00	3.48	(5.28)	12.66

Evans Bancorp Corporate Management

Nicholas Snyder	Sr. VP and Controller	Profile
Michelle Baumgarden	Corporate Secretary	Profile
Kenneth Pawlak	NA Bank	Profile
Aaron Whitehouse	LLC Agency	Profile

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