Peoples Bancorp Correlations

Stocks . USA . 
Stock . Peoples Bancorp of
PEBK Stock  USD 31.69  0.35  1.12%   
The current 90-days correlation between Peoples Bancorp and First Northwest Bancorp is 0.37 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Peoples Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Peoples Bancorp of moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Peoples Bancorp Correlation With Market

Poor diversification

The correlation between Peoples Bancorp of and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Peoples Bancorp of 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 Peoples Bancorp of. 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 Peoples Stock please use our How to buy in Peoples Stock guide.

Moving together with Peoples Stock

  0.88AX Axos FinancialPairCorr
  0.91BY Byline Bancorp Fiscal Year End 23rd of January 2025 PairCorr
  0.86PB Prosperity Bancshares Fiscal Year End 22nd of January 2025 PairCorr
  0.79RF Regions Financial Fiscal Year End 17th of January 2025 PairCorr
  0.84VBTX Veritex Holdings Fiscal Year End 28th of January 2025 PairCorr
  0.72TECTP Tectonic FinancialPairCorr
  0.64EBMT Eagle Bancorp Montana Fiscal Year End 28th of January 2025 PairCorr
  0.89EBTC Enterprise BancorpPairCorr
  0.91EFSC Enterprise Financial Fiscal Year End 27th of January 2025 PairCorr
  0.83EGBN Eagle Bancorp Fiscal Year End 22nd of January 2025 PairCorr
  0.84WABC Westamerica Bancorporation Fiscal Year End 16th of January 2025 PairCorr
  0.95BANC-PF Banc of CaliforniaPairCorr
  0.83EQBK Equity Bancshares, Fiscal Year End 22nd of January 2025 PairCorr
  0.8ESSA ESSA BancorpPairCorr
  0.93EVBN Evans BancorpPairCorr
  0.76EWBC East West Bancorp Fiscal Year End 28th of January 2025 PairCorr
  0.84WSBCP WesBancoPairCorr
  0.66WMPN William Penn BancorpPairCorr
  0.91WNEB Western New England Fiscal Year End 28th of January 2025 PairCorr

Moving against Peoples Stock

  0.78CFG-PE Citizens FinancialPairCorr
  0.73TFC-PO Truist FinancialPairCorr
  0.73TFC-PR Truist FinancialPairCorr
  0.56WF Woori Financial GroupPairCorr
  0.55NU Nu HoldingsPairCorr
  0.42KEY-PI KeyCorpPairCorr
  0.84WAFDP Washington FederalPairCorr
  0.43SBNYL Signature BankPairCorr
  0.4FRCIL First Republic BankPairCorr

Related Correlations Analysis

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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   
HTBI
+ 0.91
CWBC
CWBC
+ 0.65
FNWB
HTBI
+ 0.59
FNWB
LSBK
+ 0.26
CWBC
LSBK
+ 0.25
HTBI
FNWB
+ 0.02
HFBL
  
High negative correlations   
LSBK
- 0.15
HFBL
HTBI
- 0.03
HFBL
LSBK
- 0.01
FNWB

Risk-Adjusted Indicators

There is a big difference between Peoples Stock performing well and Peoples 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 Peoples 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.

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