Provident Financial Hldgs (PROV) — Stock Correlations & Overview
Over the past year, PROV has moved most closely with TSBK, SMBK, CFFI. Explore the stocks most correlated and inversely correlated with PROV below, along with its price, financials, and company profile.
Stocks correlated with PROV
Correlation of daily returns. Higher positive values move with PROV; negative values move opposite it. Informational only, not investment advice.
Most correlated with PROV
| Symbol | Company | Correlation |
|---|---|---|
| TSBK | Timberland Bancorp IncSAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED | 0.41 |
| SMBK | SmartFinancial, Inc.NATIONAL COMMERCIAL BANKS | 0.41 |
| CFFI | C&F Financial CorpSTATE COMMERCIAL BANKS | 0.41 |
| SSB | SouthState Bank CorporationSTATE COMMERCIAL BANKS | 0.40 |
| HBT | HBT Financial, Inc. Common StockSTATE COMMERCIAL BANKS | 0.40 |
Most inversely correlated with PROV
| Symbol | Company | Correlation |
|---|---|---|
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.37 |
| SEF | ProShares Short Financials | -0.36 |
| SKF | ProShares UltraShort Financials | -0.36 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.35 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.29 |
Frequently asked questions about PROV correlations
- Which stocks are most correlated with PROV?
- Based on one year of daily returns, the stocks most correlated with Provident Financial Hldgs (PROV) are TSBK (0.41), SMBK (0.41) and CFFI (0.41). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with PROV?
- Over the past year, the stocks most inversely correlated with Provident Financial Hldgs (PROV) are SKRE (-0.37), SEF (-0.36) and SKF (-0.36). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these PROV correlations calculated?
- We compute the correlation of daily returns between PROV and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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