Parke Bancorp Correlations
| PKBK Stock | USD 21.77 0.13 0.59% |
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 0.51 (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.
Moving together with Parke 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 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 | |||
| SFBC | 0.82 | (0.21) | 0.00 | (0.40) | 0.00 | 2.17 | 8.00 | |||
| FNWD | 0.82 | (0.16) | 0.00 | (1.47) | 0.00 | 1.88 | 5.91 | |||
| FRAF | 0.96 | 0.24 | 0.14 | 15.94 | 0.56 | 2.93 | 7.37 | |||
| CWBC | 1.16 | 0.26 | 0.24 | 0.36 | 0.68 | 3.23 | 8.56 | |||
| OVLY | 1.67 | 0.08 | 0.06 | 0.19 | 1.84 | 4.92 | 10.78 | |||
| MGYR | 0.96 | 0.28 | 0.14 | 1.53 | 0.79 | 2.26 | 4.89 | |||
| PBHC | 1.44 | 0.01 | (0.04) | 0.23 | 2.24 | 2.51 | 14.21 | |||
| CVLY | 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 |
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 | Profile |