PCB Bancorp Correlations

PCB Stock

USD 21.01 0.34 1.59%

The current 90-days correlation between PCB Bancorp and OP Bancorp is 0.67 (i.e., Poor diversification). The correlation of PCB 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.

PCB Bancorp Correlation With Market

Poor diversification

The correlation between PCB Bancorp and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PCB Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PCB 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 main economic indicators.

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

Moving together with PCB Stock

0.98	AX	Axos Financial	Pair Corr
0.98	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.97	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.92	RF	Regions Financial Sell-off Trend	Pair Corr
0.65	VABK	Virginia National	Pair Corr
0.83	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.87	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.72	TECTP	Tectonic Financial	Pair Corr
0.65	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.92	EBTC	Enterprise Bancorp	Pair Corr
0.96	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.85	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.95	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.72	WAFD	Washington Federal	Pair Corr
0.89	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.76	BANC-PF	Banc of California	Pair Corr
0.91	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.72	ESSA	ESSA Bancorp	Pair Corr
0.77	EVBN	Evans Bancorp	Pair Corr
0.63	WSBCP	WesBanco	Pair Corr

Moving against PCB Stock

0.63	CFG-PE	Citizens Financial	Pair Corr
0.57	TFC-PO	Truist Financial	Pair Corr
0.56	TFC-PR	Truist Financial	Pair Corr
0.35	WF	Woori Financial Group	Pair Corr
0.49	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	HOPE	OPBK	FISI	LNKB	HAFC	HTBK	RVSB	CULL	JMSB
HOPE		0.82	0.94	0.83	0.83	0.89	0.73	-0.37	0.83	HOPE
OPBK	0.82		0.66	0.95	0.99	0.81	0.82	-0.47	0.91	OPBK
FISI	0.94	0.66		0.71	0.67	0.88	0.67	-0.32	0.68	FISI
LNKB	0.83	0.95	0.71		0.94	0.82	0.79	-0.47	0.89	LNKB
HAFC	0.83	0.99	0.67	0.94		0.8	0.78	-0.45	0.93	HAFC
HTBK	0.89	0.81	0.88	0.82	0.8		0.7	-0.29	0.73	HTBK
RVSB	0.73	0.82	0.67	0.79	0.78	0.7		-0.68	0.65	RVSB
CULL	-0.37	-0.47	-0.32	-0.47	-0.45	-0.29	-0.68		-0.32	CULL
JMSB	0.83	0.91	0.68	0.89	0.93	0.73	0.65	-0.32		JMSB
	HOPE	OPBK	FISI	LNKB	HAFC	HTBK	RVSB	CULL	JMSB

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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

HAFC	+ 0.99	OPBK
LNKB	+ 0.95	OPBK
FISI	+ 0.94	HOPE
HAFC	+ 0.94	LNKB
JMSB	+ 0.93	HAFC
JMSB	+ 0.91	OPBK

High negative correlations

CULL	- 0.68	RVSB
CULL	- 0.47	LNKB
CULL	- 0.47	OPBK
CULL	- 0.45	HAFC
CULL	- 0.37	HOPE
JMSB	- 0.32	CULL

Risk-Adjusted Indicators

There is a big difference between PCB Stock performing well and PCB 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 PCB 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
HOPE	1.49	(0.10)	0.03	0.07	1.57	(1.76)	3.19	(2.75)	19.73
OPBK	1.35	0.33	0.32	0.32	0.78	(1.67)	3.01	(2.13)	14.64
FISI	1.71	(0.15)	0.00	0.05	1.90	(1.90)	3.83	(3.22)	18.30
LNKB	1.64	0.13	0.10	0.21	1.33	(2.22)	3.72	(2.38)	10.82
HAFC	1.77	0.31	0.20	0.29	1.43	(1.93)	4.47	(3.10)	15.75
HTBK	1.42	(0.11)	0.01	0.06	1.42	(1.81)	2.93	(2.24)	17.09
RVSB	0.92	0.22	0.19	0.49	0.46	(1.37)	2.73	(1.49)	5.45
CULL	0.51	(0.12)	0.00	39.32	0.00	0.00	1.18	(1.64)	4.73
JMSB	2.19	0.03	0.07	0.13	2.52	(2.56)	4.60	(3.69)	18.68

PCB Bancorp Corporate Management

Joanne Kim	Senior Branch	Profile
John Aragon	Executive Officer	Profile
Mimi Lee	Senior Administrator	Profile
Soo Kyoung	Senior Irvine	Profile
Brian Bang	Executive Officer	Profile
Hoon Young	Senior Western	Profile

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