BCB Bancorp Correlations
| BCBP Stock | USD 9.97 0.45 4.73% |
The correlation of BCB 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BCB Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BCB Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Weak diversification
The correlation between BCB Bancorp and NYA is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BCB Bancorp and NYA in the same portfolio, assuming nothing else is changed.
BCB |
The ability to find closely correlated positions to BCB Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BCB Bancorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BCB Bancorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BCB Bancorp to buy it.
Moving together with BCB Stock
| 0.79 | AX | Axos Financial Financial Report 25th of April 2024 | PairCorr |
| 0.89 | BY | Byline Bancorp Earnings Call This Week | PairCorr |
| 0.66 | PB | Prosperity Bancshares Earnings Call This Week | PairCorr |
| 0.91 | VABK | Virginia National | PairCorr |
| 0.84 | VBTX | Veritex Holdings Earnings Call This Week | PairCorr |
| 0.93 | EBMT | Eagle Bancorp Montana Earnings Call This Week | PairCorr |
| 0.9 | EBTC | Enterprise Bancorp Earnings Call This Week | PairCorr |
| 0.67 | ECBK | ECB Bancorp | PairCorr |
Moving against BCB Stock
| 0.75 | TECTP | Tectonic Financial | PairCorr |
| 0.75 | CFG-PD | Citizens Financial | PairCorr |
| 0.74 | KB | KB Financial Group Earnings Call This Week | PairCorr |
| 0.71 | WF | Woori Financial Group Financial Report 21st of May 2024 | PairCorr |
| 0.7 | DB | Deutsche Bank AG Earnings Call This Week | PairCorr |
| 0.49 | TFC-PI | Truist Financial | PairCorr |
| 0.47 | VBFC | Village Bank | PairCorr |
| 0.42 | RF | Regions Financial Earnings Call Today | PairCorr |
Related Correlations Analysis
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Our tools can tell you how much better you can do entering a position in BCB Bancorp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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BCB Bancorp Corporate Directors
BCB Bancorp corporate directors refer to members of a BCB Bancorp board of directors. The board of directors generally takes responsibility for the BCB Bancorp's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of BCB Bancorp's board members must vote for the resolution. The BCB Bancorp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Spencer Robbins | Independent Director | Profile | |
| Judith Bielan | Independent Director | Profile | |
| James Collins | Independent Director | Profile | |
| James Rizzo | Director | Profile |
Already Invested in BCB Bancorp?
The danger of trading BCB Bancorp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of BCB Bancorp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than BCB Bancorp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile BCB Bancorp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether BCB Bancorp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if BCB Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Bcb Bancorp Stock. Highlighted below are key reports to facilitate an investment decision about Bcb Bancorp Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BCB Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. To learn how to invest in BCB Stock, please use our How to Invest in BCB Bancorp guide.Note that the BCB Bancorp information on this page should be used as a complementary analysis to other BCB Bancorp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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When running BCB Bancorp's price analysis, check to measure BCB Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BCB Bancorp is operating at the current time. Most of BCB Bancorp's value examination focuses on studying past and present price action to predict the probability of BCB Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BCB Bancorp's price. Additionally, you may evaluate how the addition of BCB Bancorp to your portfolios can decrease your overall portfolio volatility.
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Is BCB Bancorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BCB Bancorp. If investors know BCB will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BCB Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.49) | Dividend Share 0.64 | Earnings Share 1.7 | Revenue Per Share 6.049 | Quarterly Revenue Growth (0.20) |
The market value of BCB Bancorp is measured differently than its book value, which is the value of BCB that is recorded on the company's balance sheet. Investors also form their own opinion of BCB Bancorp's value that differs from its market value or its book value, called intrinsic value, which is BCB Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BCB Bancorp's market value can be influenced by many factors that don't directly affect BCB Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BCB Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if BCB Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BCB Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.