Provident Bancorp Correlations
| PVBC Stock | USD 11.47 0.17 1.46% |
The current 90-days correlation between Provident Bancorp and Community West Bancshares is 0.48 (i.e., Very weak diversification). The correlation of Provident 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.
Provident Bancorp Correlation With Market
Weak diversification
The correlation between Provident Bancorp and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Provident Bancorp and DJI in the same portfolio, assuming nothing else is changed.
Provident |
Moving together with Provident Stock
| 0.66 | NU | Nu Holdings | PairCorr |
| 0.61 | WF | Woori Financial Group | PairCorr |
| 0.63 | TFC-PI | Truist Financial | PairCorr |
| 0.78 | EBTC | Enterprise Bancorp | PairCorr |
| 0.79 | EFSC | Enterprise Financial | PairCorr |
| 0.81 | ESSA | ESSA Bancorp | PairCorr |
| 0.72 | WNEB | Western New England | PairCorr |
Moving against Provident Stock
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Provident Stock performing well and Provident 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 Provident 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HFBL | 1.56 | 0.11 | 0.06 | 0.34 | 2.04 | 5.67 | 13.32 | |||
| CWBC | 0.98 | (0.19) | 0.00 | (0.31) | 0.00 | 2.28 | 6.01 | |||
| HVBC | 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 | |||
| CULL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HMNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FFNW | 0.99 | 0.03 | 0.09 | (5.19) | 1.05 | 1.17 | 16.29 | |||
| FNWB | 1.17 | (0.01) | 0.00 | (0.17) | 0.00 | 2.68 | 9.99 | |||
| FCAP | 1.28 | 0.39 | 0.21 | 0.73 | 1.46 | 3.26 | 10.37 | |||
| MGYR | 1.14 | 0.06 | 0.06 | 0.23 | 1.45 | 2.98 | 6.74 |
Provident Bancorp Corporate Executives
Elected by the shareholders, the Provident Bancorp's board of directors comprises two types of representatives: Provident Bancorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Provident. The board's role is to monitor Provident Bancorp's management team and ensure that shareholders' interests are well served. Provident 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, Provident Bancorp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Joseph Mancini | Executive COO | Profile |