Peapack Gladstone Correlations

PGC Stock

USD 29.79 0.17 0.57%

The current 90-days correlation between Peapack Gladstone and Home Bancorp is 0.77 (i.e., Poor diversification). The correlation of Peapack Gladstone 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.

Peapack Gladstone Correlation With Market

Poor diversification

The correlation between Peapack Gladstone Financial and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Peapack Gladstone Financial 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 Peapack Gladstone Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Peapack Stock

0.83	AX	Axos Financial	Pair Corr
0.97	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.69	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.83	NU	Nu Holdings Aggressive Push	Pair Corr
0.94	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.81	RF	Regions Financial Buyout Trend	Pair Corr
0.62	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.73	VABK	Virginia National	Pair Corr
0.77	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.84	TFC-PO	Truist Financial	Pair Corr
0.85	TFC-PR	Truist Financial	Pair Corr
0.69	EBMT	Eagle Bancorp Montana Earnings Call Tomorrow	Pair Corr
0.9	CFG-PE	Citizens Financial	Pair Corr
0.86	CFG-PH	Citizens Financial Group,	Pair Corr
0.9	EFSC	Enterprise Financial Earnings Call Tomorrow	Pair Corr
0.64	EFSI	Eagle Financial Services Earnings Call This Week	Pair Corr
0.76	KEY-PI	KeyCorp Earnings Call This Week	Pair Corr
0.79	KEY-PJ	KeyCorp Earnings Call This Week	Pair Corr
0.75	KEY-PK	KeyCorp Earnings Call This Week	Pair Corr
0.64	KEY-PL	KeyCorp Earnings Call This Week	Pair Corr
0.96	WABC	Westamerica Bancorporation	Pair Corr
0.92	WAFD	Washington Federal	Pair Corr
0.95	WASH	Washington Trust Bancorp Earnings Call Tomorrow	Pair Corr
0.63	BANC-PF	Banc of California Earnings Call Tomorrow	Pair Corr
0.92	EQBK	Equity Bancshares,	Pair Corr
0.93	ESSA	ESSA Bancorp Earnings Call This Week	Pair Corr
0.7	WSBCP	WesBanco Earnings Call This Week	Pair Corr
0.93	WNEB	Western New England Earnings Call This Week	Pair Corr
0.91	WSBC	WesBanco	Pair Corr

Related Correlations Analysis

	RBKB	HBCP	CNOB	PKBK	GSBC	QCRH	PEBO	PFIS	MOFG
RBKB		0.63	0.47	0.65	0.61	0.37	0.63	0.75	0.53	RBKB
HBCP	0.63		0.91	0.95	0.93	0.79	0.93	0.86	0.92	HBCP
CNOB	0.47	0.91		0.91	0.91	0.88	0.94	0.83	0.93	CNOB
PKBK	0.65	0.95	0.91		0.97	0.85	0.96	0.9	0.9	PKBK
GSBC	0.61	0.93	0.91	0.97		0.85	0.97	0.9	0.92	GSBC
QCRH	0.37	0.79	0.88	0.85	0.85		0.85	0.79	0.85	QCRH
PEBO	0.63	0.93	0.94	0.96	0.97	0.85		0.94	0.94	PEBO
PFIS	0.75	0.86	0.83	0.9	0.9	0.79	0.94		0.88	PFIS
MOFG	0.53	0.92	0.93	0.9	0.92	0.85	0.94	0.88		MOFG
	RBKB	HBCP	CNOB	PKBK	GSBC	QCRH	PEBO	PFIS	MOFG

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Risk-Adjusted Indicators

There is a big difference between Peapack Stock performing well and Peapack Gladstone 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 Peapack Gladstone'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
RBKB	1.27	0.29	0.12	1.69	1.24	(1.58)	3.12	(1.67)	12.35
HBCP	1.35	0.28	0.23	0.34	0.85	(1.47)	3.01	(1.62)	14.27
CNOB	1.37	0.11	0.08	0.22	1.46	(1.46)	3.25	(2.15)	8.06
PKBK	1.26	0.25	0.20	0.40	0.87	(1.62)	3.22	(1.68)	8.92
GSBC	1.30	0.15	0.11	0.28	1.15	(1.56)	3.69	(2.67)	8.69
QCRH	1.35	0.12	0.08	0.25	1.29	(1.48)	2.86	(2.38)	6.36
PEBO	1.08	0.14	0.12	0.28	0.94	(1.31)	2.55	(1.55)	6.68
PFIS	1.49	0.22	0.16	0.30	1.24	(1.72)	4.01	(2.33)	7.45
MOFG	1.28	0.11	0.07	0.23	1.32	(1.45)	2.91	(2.15)	7.59

Peapack Gladstone Corporate Executives

Elected by the shareholders, the Peapack Gladstone's board of directors comprises two types of representatives: Peapack Gladstone inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Peapack. The board's role is to monitor Peapack Gladstone's management team and ensure that shareholders' interests are well served. Peapack Gladstone'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, Peapack Gladstone's outside directors are responsible for providing unbiased perspectives on the board's policies.

Jeffrey Carfora	CFO, Chief Accounting Officer, Sr. Executive VP, CFO of Peapack-Gladstone Bank and Sr. Executive VP of Peapack-Gladstone Bank	Profile
Frank Cavallaro	Senior CFO	Profile
Frank CPA	Senior CFO	Profile
Robert Plante	Executive COO	Profile

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