ESSA Bancorp Correlations

ESSA Bancorp Correlation With Market

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ESSA 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 state. For information on how to trade ESSA Stock refer to our How to Trade ESSA Stock guide.

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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    LNKB + 0.93 CWBC MIFF + 0.9 CWBC FCCO + 0.86 CWBC CEFC + 0.82 NFBK LNKB + 0.81 FCCO MIFF + 0.81 LNKB

High negative correlations    MIFF - 0.27 FIDS APLO - 0.26 FIDS FIDS - 0.24 CWBC CEFC - 0.17 FIDS FIDS - 0.16 LNKB FIDS - 0.13 NFBK

Risk-Adjusted Indicators

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