Parke Bancorp Correlations

PKBK Stock

USD 18.78 0.24 1.29%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Parke Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Parke Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Parke Bancorp Correlation With Market

Very weak diversification

The correlation between Parke Bancorp and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Parke 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 Parke 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 Parke Stock please use our How to buy in Parke Stock guide.

Moving together with Parke Stock

0.91	AX	Axos Financial	Pair Corr
0.87	BY	Byline Bancorp	Pair Corr
0.66	PB	Prosperity Bancshares	Pair Corr
0.75	RF	Regions Financial	Pair Corr
0.87	VABK	Virginia National	Pair Corr
0.78	VBNK	VersaBank	Pair Corr
0.95	VBTX	Veritex Holdings	Pair Corr
0.91	EGBN	Eagle Bancorp	Pair Corr
0.79	WABC	Westamerica Bancorporation	Pair Corr
0.85	WAFD	Washington Federal	Pair Corr
0.64	WASH	Washington Trust Bancorp	Pair Corr
0.84	EQBK	Equity Bancshares,	Pair Corr
0.78	WAFDP	Washington Federal	Pair Corr
0.86	EVBN	Evans Bancorp	Pair Corr
0.78	WMPN	William Penn Bancorp	Pair Corr

Moving against Parke Stock

0.87	VBFC	Village Bank	Pair Corr
0.68	DB	Deutsche Bank AG	Pair Corr
0.64	TECTP	Tectonic Financial	Pair Corr
0.63	KEY-PI	KeyCorp	Pair Corr
0.56	WSBCP	WesBanco	Pair Corr
0.43	BANC-PF	Banc of California	Pair Corr
0.33	KEY-PL	KeyCorp	Pair Corr

Related Correlations Analysis

	HMNF	SFBC	FNWD	FRAF	CWBC	OVLY	MGYR	PBHC	CVLY	OFED
HMNF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HMNF
SFBC	0.0		0.42	-0.77	0.39	0.4	-0.22	-0.05	0.0	0.0	SFBC
FNWD	0.0	0.42		-0.4	0.42	0.34	-0.27	0.35	0.0	0.0	FNWD
FRAF	0.0	-0.77	-0.4		-0.08	-0.28	0.39	0.23	0.0	0.0	FRAF
CWBC	0.0	0.39	0.42	-0.08		0.74	0.08	0.59	0.0	0.0	CWBC
OVLY	0.0	0.4	0.34	-0.28	0.74		0.07	0.51	0.0	0.0	OVLY
MGYR	0.0	-0.22	-0.27	0.39	0.08	0.07		0.2	0.0	0.0	MGYR
PBHC	0.0	-0.05	0.35	0.23	0.59	0.51	0.2		0.0	0.0	PBHC
CVLY	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CVLY
OFED	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		OFED
	HMNF	SFBC	FNWD	FRAF	CWBC	OVLY	MGYR	PBHC	CVLY	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	+ 0.74	CWBC
PBHC	+ 0.59	CWBC
PBHC	+ 0.51	OVLY
FNWD	+ 0.42	SFBC
CWBC	+ 0.42	FNWD
OVLY	+ 0.4	SFBC

High negative correlations

FRAF	- 0.77	SFBC
FRAF	- 0.4	FNWD
OVLY	- 0.28	FRAF
MGYR	- 0.27	FNWD
MGYR	- 0.22	SFBC
CWBC	- 0.08	FRAF

Risk-Adjusted Indicators

There is a big difference between Parke Stock performing well and Parke 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 Parke 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
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SFBC	1.04	(0.10)	0.00	(0.94)	0.00	0.00	4.00	(2.02)	7.78
FNWD	1.04	(0.06)	0.00	(0.33)	0.00	0.00	2.12	(1.97)	8.51
FRAF	1.08	0.20	0.20	0.31	0.94	(1.34)	4.20	(1.64)	8.27
CWBC	0.98	(0.19)	0.00	(0.32)	0.00	0.00	2.28	(2.17)	6.01
OVLY	1.51	(0.29)	0.00	(0.50)	0.00	0.00	2.38	(3.77)	11.49
MGYR	1.14	0.07	0.06	0.12	1.45	(1.40)	2.98	(2.68)	6.74
PBHC	1.16	(0.04)	0.00	(0.15)	0.00	0.00	2.75	(2.92)	8.31
CVLY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OFED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Parke Bancorp Corporate Executives

Elected by the shareholders, the Parke Bancorp's board of directors comprises two types of representatives: Parke Bancorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Parke. The board's role is to monitor Parke Bancorp's management team and ensure that shareholders' interests are well served. Parke Bancorp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Parke Bancorp's outside directors are responsible for providing unbiased perspectives on the board's policies.

Jonathan Hill

Senior CFO

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