Ponce Financial Correlations

PDLB Stock

USD 13.93 0.04 0.29%

The current 90-days correlation between Ponce Financial Group and Provident Bancorp is 0.16 (i.e., Average diversification). The correlation of Ponce Financial 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.

Ponce Financial Correlation With Market

Very weak diversification

The correlation between Ponce Financial Group 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 Ponce Financial Group and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ponce Financial Group. 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 economic analysis.

Moving together with Ponce Stock

0.83	AX	Axos Financial Earnings Call This Week	Pair Corr
0.86	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.86	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.75	KB	KB Financial Group	Pair Corr
0.88	NU	Nu Holdings	Pair Corr
0.85	PB	Prosperity Bancshares Earnings Call Tomorrow	Pair Corr
0.81	RF	Regions Financial Normal Trading	Pair Corr
0.65	WF	Woori Financial Group Earnings Call Tomorrow	Pair Corr
0.82	VABK	Virginia National	Pair Corr
0.69	VBNK	VersaBank	Pair Corr
0.67	VBTX	Veritex Holdings	Pair Corr
0.66	TECTP	Tectonic Financial	Pair Corr
0.79	TFC-PO	Truist Financial	Pair Corr
0.74	TFC-PR	Truist Financial	Pair Corr
0.84	CFG-PE	Citizens Financial	Pair Corr
0.84	CFG-PH	Citizens Financial Group,	Pair Corr
0.88	EFSC	Enterprise Financial	Pair Corr
0.74	KEY-PI	KeyCorp Earnings Call Today	Pair Corr
0.68	KEY-PJ	KeyCorp Earnings Call Today	Pair Corr
0.67	KEY-PK	KeyCorp Earnings Call Today	Pair Corr
0.83	KEY-PL	KeyCorp Earnings Call Today	Pair Corr
0.83	WABC	Westamerica Bancorporation	Pair Corr
0.79	WAFD	Washington Federal	Pair Corr
0.71	WASH	Washington Trust Bancorp	Pair Corr
0.76	BANC-PF	Banc of California	Pair Corr
0.84	EQBK	Equity Bancshares,	Pair Corr
0.78	ESSA	ESSA Bancorp Earnings Call Tomorrow	Pair Corr
0.87	WSBCP	WesBanco Earnings Call Tomorrow	Pair Corr
0.81	WNEB	Western New England Earnings Call Today	Pair Corr
0.88	WSBC	WesBanco Earnings Call This Week	Pair Corr

Related Correlations Analysis

	PVBC	HFBL	MGYR	SSBK	OBT	FNWB	PBFS	PCB	HONE
PVBC		0.66	0.86	0.47	0.59	-0.81	0.83	0.81	0.63	PVBC
HFBL	0.66		0.45	0.3	0.28	-0.38	0.44	0.52	0.37	HFBL
MGYR	0.86	0.45		0.62	0.57	-0.93	0.79	0.78	0.68	MGYR
SSBK	0.47	0.3	0.62		0.2	-0.65	0.3	0.28	0.15	SSBK
OBT	0.59	0.28	0.57	0.2		-0.34	0.81	0.83	0.82	OBT
FNWB	-0.81	-0.38	-0.93	-0.65	-0.34		-0.68	-0.58	-0.42	FNWB
PBFS	0.83	0.44	0.79	0.3	0.81	-0.68		0.9	0.73	PBFS
PCB	0.81	0.52	0.78	0.28	0.83	-0.58	0.9		0.84	PCB
HONE	0.63	0.37	0.68	0.15	0.82	-0.42	0.73	0.84		HONE
	PVBC	HFBL	MGYR	SSBK	OBT	FNWB	PBFS	PCB	HONE

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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

PCB	+ 0.9	PBFS
MGYR	+ 0.86	PVBC
HONE	+ 0.84	PCB
PBFS	+ 0.83	PVBC
PCB	+ 0.83	OBT
HONE	+ 0.82	OBT

High negative correlations

FNWB	- 0.93	MGYR
FNWB	- 0.81	PVBC
PBFS	- 0.68	FNWB
FNWB	- 0.65	SSBK
PCB	- 0.58	FNWB
HONE	- 0.42	FNWB

Risk-Adjusted Indicators

There is a big difference between Ponce Stock performing well and Ponce Financial 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 Ponce Financial'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
PVBC	0.80	0.16	0.08	0.41	0.93	(0.90)	1.91	(1.64)	5.77
HFBL	1.50	0.07	(0.03)	9.21	1.74	(2.06)	3.12	(2.98)	11.15
MGYR	0.97	0.28	0.13	1.49	0.80	(1.12)	2.26	(1.75)	4.89
SSBK	1.73	0.26	0.02	(0.39)	2.36	(1.99)	3.36	(3.16)	19.89
OBT	1.94	0.18	0.10	0.25	2.08	(2.16)	5.68	(2.84)	15.51
FNWB	1.79	(0.26)	0.00	2.04	0.00	0.00	3.90	(3.81)	13.72
PBFS	1.17	0.04	0.00	0.20	1.23	(1.28)	2.34	(2.00)	7.11
PCB	1.33	0.37	0.14	(1.30)	1.18	(1.62)	3.13	(2.13)	8.15
HONE	1.26	0.28	0.23	0.40	0.87	(1.62)	2.49	(2.07)	15.42

Ponce Financial Corporate Management

David Rodriguez	Chief VP	Profile
Ioannis Kouzilos	Executive Officer	Profile
Elizabeth Macias	Chief VP	Profile
Frank CPA	Executive Officer	Profile

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