Peoples Bancorp Correlations

PEBO Stock

USD 29.73 0.06 0.20%

The current 90-days correlation between Peoples Bancorp and Eagle Bancorp is 0.77 (i.e., Poor 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 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Peoples Bancorp Correlation With Market

Very weak diversification

The correlation between Peoples Bancorp and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Peoples 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 Peoples 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 Peoples Stock, please use our How to Invest in Peoples Bancorp guide.

Moving together with Peoples Stock

0.8	AX	Axos Financial	Pair Corr
0.96	BY	Byline Bancorp	Pair Corr
0.86	PB	Prosperity Bancshares	Pair Corr
0.84	RF	Regions Financial	Pair Corr
0.76	VBNK	VersaBank	Pair Corr
0.86	VBTX	Veritex Holdings	Pair Corr
0.82	EBTC	Enterprise Bancorp	Pair Corr
0.8	EFSC	Enterprise Financial	Pair Corr
0.82	EGBN	Eagle Bancorp	Pair Corr
0.83	WASH	Washington Trust Bancorp	Pair Corr
0.95	EQBK	Equity Bancshares,	Pair Corr
0.71	ESSA	ESSA Bancorp	Pair Corr
0.78	TFINP	Triumph Financial	Pair Corr
0.88	EVBN	Evans Bancorp	Pair Corr
0.92	WMPN	William Penn Bancorp	Pair Corr
0.63	WNEB	Western New England	Pair Corr

Moving against Peoples Stock

0.7	VBFC	Village Bank	Pair Corr
0.46	DB	Deutsche Bank AG	Pair Corr

Related Correlations Analysis

	EGBN	NRIM	UBSI	PPBI	SASR	FRST	EQBK	NKSH	LBAI	CNOB
EGBN		0.61	0.95	0.93	0.94	0.93	0.85	0.82	0.0	0.29	EGBN
NRIM	0.61		0.64	0.82	0.71	0.4	0.83	0.49	0.0	0.86	NRIM
UBSI	0.95	0.64		0.92	0.95	0.88	0.89	0.88	0.0	0.32	UBSI
PPBI	0.93	0.82	0.92		0.94	0.81	0.94	0.77	0.0	0.53	PPBI
SASR	0.94	0.71	0.95	0.94		0.88	0.92	0.81	0.0	0.4	SASR
FRST	0.93	0.4	0.88	0.81	0.88		0.76	0.79	0.0	0.1	FRST
EQBK	0.85	0.83	0.89	0.94	0.92	0.76		0.79	0.0	0.59	EQBK
NKSH	0.82	0.49	0.88	0.77	0.81	0.79	0.79		0.0	0.21	NKSH
LBAI	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	LBAI
CNOB	0.29	0.86	0.32	0.53	0.4	0.1	0.59	0.21	0.0		CNOB
	EGBN	NRIM	UBSI	PPBI	SASR	FRST	EQBK	NKSH	LBAI	CNOB

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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

UBSI	+ 0.95	EGBN
SASR	+ 0.95	UBSI
SASR	+ 0.94	EGBN
SASR	+ 0.94	PPBI
EQBK	+ 0.94	PPBI
PPBI	+ 0.93	EGBN

High negative correlations

CNOB	- 0.0	LBAI
LBAI	- 0.0	NKSH
LBAI	- 0.0	EQBK
LBAI	- 0.0	FRST
LBAI	- 0.0	SASR
LBAI	- 0.0	PPBI

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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
EGBN	1.71	(0.35)	(0.32)	2.87	(3.78)	8.86
NRIM	1.63	(0.12)	(0.17)	2.44	(3.45)	9.90
UBSI	1.16	(0.17)	(0.23)	1.79	(2.96)	7.17
PPBI	1.40	(0.24)	(0.26)	3.08	(4.13)	7.91
SASR	1.35	(0.26)	(0.30)	2.35	(3.04)	10.75
FRST	1.48	(0.25)	(0.31)	2.90	(3.67)	10.96
EQBK	1.22	(0.18)	(0.25)	2.15	(2.87)	7.52
NKSH	1.51	(0.12)	(0.17)	3.81	(3.03)	10.80
LBAI	0.00	0.00	0.00	0.00	0.00	0.00
CNOB	1.57	(0.04)	(0.10)	3.12	(3.37)	9.41

Peoples Bancorp Corporate Management

Matthew Edgell	Chief VP	Profile
Ryan Kirkham	General VP	Profile
Matthew Macia	Executive Officer	Profile
Jason Eakle	Executive Officer	Profile

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