GURU.Markets stock price, segment price, and overall market index valuation
The company's share price ECBK
ECB Bancorp is a small community bank. Its post-IPO price trajectory reflects its growth in the local market, interest rate dynamics, and its ability to attract deposits and issue loans in its community while competing with larger players.
Share prices of companies in the market segment - Local banks
ECB Bancorp, Inc. is the holding company for Everett Cooperative Bank, which provides banking services in Massachusetts. We classify it as a "Community Bank" because its operations focus on serving local communities and businesses. The chart below shows the overall performance of this sector, which is vital to the regional economy.
Broad Market Index - GURU.Markets
ECB Bancorp is a local bank providing financial services in North Carolina. Its stable business earns it a spot in the GURU.Markets index. The chart below shows how its stock, reflecting the health of the regional economy, performs against the broader market.
Change in the price of a company, segment, and market as a whole per day
ECBK - Daily change in the company's share price ECBK
ECB Bancorp's daily price change is a measure of its volatility. Change_co reflects its sensitivity to interest rates and the Massachusetts economy. This parameter is important for models on System.GURU.Markets for analyzing local banks.
Daily change in the price of a set of shares in a market segment - Local banks
ECB Bancorp, Inc. is a large regional bank. This chart shows the average daily volatility of the banking sector. Comparing it with ECBK's performance, which focuses on North Carolina, helps us understand how much local economic conditions influence its stability.
Daily change in the price of a broad market stock, index - GURU.Markets
ECB Bancorp is a community bank serving communities in Massachusetts. Its stock reflects local economic activity. These many stories, when combined, create a larger picture of the health of the financial system and influence the daily fluctuations of the entire market.
Dynamics of market capitalization of the company, segment and the market as a whole over 12 months
Annual dynamics of the company's market capitalization ECBK
For ECB Bancorp, Inc., a Massachusetts community bank, year-over-year performance reflects the health of the local economy. Its 12-month change in market capitalization reflects how successfully the bank lends to small businesses and individuals, as well as its growth following a merger with another local bank, which strengthened its position in the region.
Annual dynamics of market capitalization of the market segment - Local banks
ECB Bancorp, Inc. is a regional bank serving communities in North Carolina. Its conservative approach and focus on traditional banking services ensure stability. The chart shows how its performance reflects the economic health of its core region and the competitive environment.
Annual dynamics of market capitalization of broad market stocks, index - GURU.Markets
ECB Bancorp is a classic regional bank whose stock performance reflects the economic health of the regions where it operates. The bank's trajectory is closely tied to interest rate cycles and the lending activity of local businesses and households, making it a barometer of the local, rather than the global, economy.
Dynamics of market capitalization of the company, segment and the market as a whole for the month
Monthly dynamics of the company's market capitalization ECBK
ECB Bancorp, like most local banks, is sensitive to changes in monetary policy and the regional economy. Its monthly price fluctuations reflect the dynamics of interest rates, which impact lending margins, as well as quarterly data on loan and deposit portfolio growth.
Monthly dynamics of market capitalization of the market segment - Local banks
ECB Bancorp is the holding company for Everett Bank, a local bank that serves its communities by providing basic banking services. Its health is directly tied to the regional economy. The chart below shows the overall dynamics of the community banking sector, which serves as a barometer of the financial health of small towns and local businesses.
Monthly dynamics of market capitalization of broad market stocks, index - GURU.Markets
The performance of local bank stocks often reflects the overall state of the economy, which sets the tone for the entire market. The chart below shows the general ebb and flow. Does ECB Bancorp's focus on its region smooth out these tides, or does its stock move in line with overall market expectations?
Dynamics of market capitalization of the company, segment and the market as a whole for the week
Weekly dynamics of the company's market capitalization ECBK
The weekly performance of ECB Bancorp, a local Massachusetts bank, reflects the economic life of the local community. Its stock price responds to mortgage demand, the health of small businesses, and overall financial sentiment in the region.
Weekly dynamics of market capitalization of the market segment - Local banks
ECB Bancorp, like any other regional bank, is heavily dependent on the health of the local economy and interest rates. The chart below is a litmus test: are the bank's weekly stock price fluctuations simply following the general banking sector trend, or does its conservative policies and customer service allow it to stand out?
Weekly dynamics of market capitalization of stocks of the broad market, index - GURU.Markets
ECB Bancorp is a regional bank. Its health depends on the health of the local economy. This chart will help you compare its weekly performance with the broader market and understand how its local expertise allows it to be more stable than the broader market.
Market capitalization of the company, segment and market as a whole
ECBK - Market capitalization of the company ECBK
The ECB Bancorp capitalization chart tells the story of a small community bank from Massachusetts. Its performance, like that of other similar banks, reflects the health of the local economy and the impact of interest rates on its profitability. Its trajectory is a tale of conservative growth and service to its community, dating back to the 19th century.
ECBK - Share of the company's market capitalization ECBK within the market segment - Local banks
ECB Bancorp is the holding company for Everett Co-operative Bank, a community bank serving its local market in Massachusetts. Its share of the banking sector's market capitalization reflects its scale and focus on traditional banking services. The chart shows its weight in the local economy.
Market capitalization of the market segment - Local banks
ECB Bancorp is a small community bank serving Massachusetts. The chart below shows the overall market capitalization of the local banking sector. Its dynamics reflect the region's economic health and create the competitive environment in which the bank competes for its customers.
Market capitalization of all companies included in a broad market index - GURU.Markets
ECB Bancorp is a holding company for a local bank. Its capitalization represents the financial health of a particular community, its residents, and its businesses. Compared to the giants on the overall chart, such banks are the very building blocks that form the foundation of the entire national economy.
Book value capitalization of the company, segment and market as a whole
ECBK - Book value capitalization of the company ECBK
ECB Bancorp's balance sheet is its loan portfolio and deposits serving the Massachusetts community. It's a tangible, financial foundation built on the trust of local residents and businesses. How has this traditional banking asset changed since becoming a public company? The chart below shows its new starting point.
ECBK - Share of the company's book capitalization ECBK within the market segment - Local banks
As a community bank, ECB Bancorp serves its communities through a network of physical branches. The chart shows the share of these physical assets in the regional banking sector, reflecting its physical presence and operational base built on direct customer contact.
Market segment balance sheet capitalization - Local banks
As a local bank, ECB Bancorp is a financial pillar of its community. Its book value reflects the size of its loan portfolio. The chart below demonstrates how the bank grows by financing local businesses and residents.
Book value of all companies included in the broad market index - GURU.Markets
ECB Bancorp, Inc., the parent company of Everett Bank, serves as the financial hub of its community. Its book value is derived from its branch network, capital for local business lending, and mortgages. The chart shows the physical and financial weight of this local bank, deeply integrated into its region's economy.
The ratio of market capitalization to book capitalization of a company, segment, and the market as a whole
Market capitalization to book capitalization ratio - ECBK
ECB Bancorp is a local bank. Its market price is typically close to its book value. The chart shows that investors value it as a stable, predictable business. The lack of a large premium isn't a flaw, but rather a sign that its valuation fairly reflects its actual assets and capital.
Market to book capitalization ratio in a market segment - Local banks
ECB Bancorp is the holding company for Everett Co-operative Bank, a local financial institution. This chart is an indicator of the bank's health in the eyes of investors, comparing its market capitalization to its equity reflected on the balance sheet.
Market to book capitalization ratio for the market as a whole
ECB Bancorp, Inc. is the holding company for Everett Cooperative Bank, another traditional community banking institution. Its value is closely tied to its balance sheet metrics. This chart reflects general market expectations, but how does it compare to the valuation of a small bank focused on its region?
Debts of the company, segment and market as a whole
ECBK - Company debts ECBK
ECB Bancorp is a local bank, and this chart illustrates the essence of its operations. Its financial strategy is to effectively manage funds raised, such as deposits, and channel them into lending to local businesses and individuals, thereby contributing to the economic development of the region.
Market segment debts - Local banks
ECB Bancorp, Inc., like other community banks, is a cornerstone of small business and household finance in its region. Its financial stability is crucial. This chart shows how the bank balances loan portfolio growth with maintaining a conservative capital structure typical of community banks.
Market debt in general
Debt to book value of the company, segment and market as a whole
The company's debt to book capitalization ratio ECBK
For a regional bank like ECB Bancorp, this chart reflects its core business. It shows the ratio of equity capital, which serves as a safety cushion, to borrowed funds, which are used to issue loans. The dynamics of this indicator reflect the bank's growth strategy and its risk appetite in the local economy.
Market segment debt to market segment book capitalization - Local banks
ECB Bancorp is a community bank serving communities in Massachusetts. This chart shows the total debt burden of the entire community banking sector. It provides insight into how the industry as a whole is responding to economic conditions and how ECB Bancorp's conservative or aggressive financial policies compare against this backdrop.
Debt to book value of all companies in the market
ECB Bancorp is a classic community bank built on community lending. Its financial health is directly dependent on the quality of its loan portfolio and capital management. A chart showing the overall debt load of the economy can be used to assess how conservative the bank's lending policy is compared to overall market trends.
P/E of the company, segment and market as a whole
P/E - ECBK
This metric for ECB Bancorp, Inc., a small community bank, demonstrates the valuation of its business at the local level. The multiple reflects expectations regarding the economic health of the local community, demand for loans, and the bank's ability to effectively compete for deposits, which directly impacts its profitability.
P/E of the market segment - Local banks
Community banks like ECB Bancorp are the backbone of their communities. This chart shows the average profitability rating for the banking sector. It provides a benchmark that helps investors understand how ECB Bancorp, which operates in its local market, compares to larger, more diversified banking institutions.
P/E of the market as a whole
ECB Bancorp, Inc. is the holding company for Everett Co-operative Bank, which serves communities north of Boston. The bank's strength lies in its local expertise. This chart, showing the overall stock market pulse, allows you to compare the valuation of this conservative local bank with the broader market and understand whether investors are seeking it as a hedge against volatility.
Future P/E of the company, segment and market as a whole
Future (projected) P/E of the company ECBK
ECB Bancorp is a local bank serving communities in Massachusetts. This chart reflects analyst expectations for the local economy. The indicator's performance is an estimate of the bank's future profitability based on forecasts for small business lending and mortgage growth in the region.
Future (projected) P/E of the market segment - Local banks
ECB Bancorp is the holding company for Everett Co-operative Bank, which serves local communities. This chart shows average profitability expectations for community banks. It provides insight into how investors view the stability of this small bank and its ability to compete in its local market.
Future (projected) P/E of the market as a whole
ECB Bancorp, Inc., through its Everett Cooperative Bank, provides banking services to residents and businesses in Massachusetts. This chart reflects overall economic sentiment. For a small community bank whose health is closely tied to the health of the local economy, it provides a macroeconomic backdrop, showing national trends in lending and savings.
Profit of the company, segment and market as a whole
Company profit ECBK
ECB Bancorp, Inc., as the parent company of a local bank, derives its primary income from the interest rate differential between loans and deposits. The financial results presented here reflect the economic situation in the region it serves. The chart shows how successfully the bank manages its loan portfolio and responds to changes in interest rates.
Profit of companies in the market segment - Local banks
ECB Bancorp, Inc. is the parent company of Everett Co-operative Bank, a local bank serving communities in Massachusetts. Its financial performance reflects the health of the local economy. This chart summarizes the performance of similar banks, showing how stability and trust at the local level shape the overall picture of banking sector profitability.
Overall market profit
ECB Bancorp is the holding company for Everett Co-operative Bank, a small community bank. Its health is inextricably linked to the economic situation in the communities it serves. The performance of such banks reflects the health of small businesses and households at the micro level, which together form the overall picture of corporate profits shown in this chart.
Future (predicted) profit of the company, segment and market as a whole
Future (projected) profit of the company ECBK
As a local community bank, ECB Bancorp, Inc. is a barometer of economic activity in its region. The profit forecast you see on this chart is based on analysts' expectations for small business and retail lending growth, as well as interest rate forecasts, which determine the bank's margins.
Future (predicted) profit of companies in the market segment - Local banks
ECB Bancorp, like other community banks, plays a vital role in its region's economy by providing loans and banking services to local residents and businesses. This chart displays aggregate profit forecasts for the entire community banking sector, allowing one to assess ECB Bancorp's financial health and prospects in the context of its industry peers nationwide.
Future (predicted) profit of the market as a whole
ECB Bancorp is a holding company for a local bank. The health of such banks is closely tied to the economic life of their region. This chart, showing general expectations for the country, sets the backdrop that influences local businesses, the housing market, and, consequently, the bank's loan portfolio and profitability.
P/S of the company, segment and market as a whole
P/S - ECBK
ECB Bancorp, Inc. is the holding company for a community bank serving communities in Massachusetts. This chart shows how investors value its traditional banking revenue. The valuation reflects the stability but also the limited growth potential typical of smaller community banks.
P/S market segment - Local banks
ECB Bancorp, Inc. is the holding company for Everett Co-operative Bank, a traditional savings bank serving communities in Massachusetts. This chart displays the average revenue estimate for the banking sector. It allows you to compare how the market values โโthe bank's conservative and locally focused model compared to its larger competitors.
P/S of the market as a whole
ECB Bancorp, operating through Everett Cooperative Bank, is a local bank serving communities in Massachusetts. Its stability and growth depend on the health of the local economy. This overall market valuation chart helps understand how investors value the reliability and predictability of smaller, regional banks compared to larger, riskier companies.
Future P/S of the company, segment and market as a whole
Future (projected) P/S of the company ECBK
ECB Bancorp, Inc. is the holding company for a local bank serving its community. This chart shows its valuation relative to future projected earnings. It reflects investor expectations regarding the economic health of the local market, loan portfolio growth, and the bank's ability to attract deposits.
Future (projected) P/S of the market segment - Local banks
ECB Bancorp, through its Everett Cooperative Bank, provides banking services to residents and businesses in Massachusetts. Like most local banks, its financial health depends on the health of the regional economy. This chart compares its estimated future earnings with those of other banks of similar size and profile.
Future (projected) P/S of the market as a whole
As a local bank, ECB Bancorp reflects the economic health of its community. This chart, which shows overall market sentiment, is an indicator of future loan demand for ECBK. When the economy is optimistic, local businesses and residents feel more confident in taking out loans for development and major purchases, which stimulates the bank's growth.
Sales of the company, segment and market as a whole
Company sales ECBK
This chart shows the financial performance of a small community bank. For ECB Bancorp, it reflects its primary source of incomeโnet interest margin earned from lending to local residents and businesses. Its dynamics are an indicator of the health of the local economy it serves.
Sales of companies in the market segment - Local banks
ECB Bancorp, Inc., operating as Everett Bank, is a community bank in Massachusetts. Its operations reflect the economic health of the local community. This chart shows the overall picture of local bank revenues, and ECB's financial results, based on lending to local businesses and residents, are an integral part of it.
Overall market sales
ECB Bancorp is a local bank serving communities in Massachusetts. Its small business and consumer lending activities are a microcosm of the regional economy. The health of these banks reflects the confidence of local businesses and consumers, laying the foundation for national economic growth.
Future sales volume of the company, segment and market as a whole
Future (projected) sales of the company ECBK
ECB Bancorp, Inc. is the holding company for Everett Cooperative Bank, which serves communities north of Boston. Its future earnings forecast depends on local economic activity, the real estate market, and interest rate dynamics. This chart shows analyst expectations for the traditional community banking model.
Future (projected) sales of companies in the market segment - Local banks
ECB Bancorp, Inc. is the holding company for Everett Co-operative Bank, which serves communities in Massachusetts. The community banking sector forecast sets broad industry expectations. It allows for an assessment of how a specific region's economy and focus on local customers compare to national banking trends.
Future (projected) sales of the market as a whole
ECB Bancorp, like other local banks, is closely tied to the economic life of its region. Its activities reflect the health of small businesses and the financial well-being of local residents. This chart of overall national forecasts sets the backdrop that influences the local economy, determining demand for loans and influencing borrowers' ability to meet their obligations to the bank.
Marginality of the company, segment and market as a whole
Company marginality ECBK
ECB Bancorp is the holding company for Everett Bank, a community bank operating in Massachusetts. Its profitability depends on the classic banking model: the spread between interest income from loans and expenses on deposits. This chart illustrates how effectively the bank manages this spread and the quality of its loan portfolio.
Market segment marginality - Local banks
ECB Bancorp, Inc. is a local bank serving its community. Its profitability, like that of any bank, is based on its net interest marginโthe difference between loan income and deposit expenses. This chart allows you to assess how efficiently the bank manages its core operations compared to other financial institutions of its size.
Market marginality as a whole
ECB Bancorp, Inc. is the holding company for a local bank operating in Massachusetts. This chart shows the average profit margin. In this context, ECB is a microcosm of the local economy. Its profitability depends on the health of small businesses and the housing market in its small region, which can differ greatly from the national trends shown in the chart.
Employees in the company, segment and market as a whole
Number of employees in the company ECBK
ECB Bancorp, like many local banks, is a vital part of its community. Its team size, as shown in this chart, is directly related to the number of branches and the volume of assets. Stability in this metric indicates a mature business and deep ties with local clients, while growth could mean acquiring another small bank.
Share of the company's employees ECBK within the market segment - Local banks
ECB Bancorp, Inc., the parent company of Everett Bank, is a classic community bank serving its local market. This chart demonstrates its importance to the local community. It reflects the share of bank employees in its small geographic area that the bank employs, highlighting its role as a fundamental element of the local economy.
Number of employees in the market segment - Local banks
ECB Bancorp, Inc. is a bank serving its local community. This chart for the community bank sector illustrates their role as economic pillars for small businesses. Stability and employment growth at such banks are a sign of a healthy local economy, where entrepreneurs have access to the financing they need to grow.
Number of employees in the market as a whole
ECB Bancorp, Inc. is a community bank. Its financial health is directly dependent on the well-being of its clients. This employment chart provides an excellent macroeconomic backdrop: job growth in the bank's region of operation means increased deposits and loan demand, which underpins stability and growth for ECB Bancorp.
Market capitalization per employee (in thousands of dollars) of the company, segment, and market as a whole
Market capitalization per employee (in thousands of dollars) of the company ECBK (ECBK)
ECB Bancorp is a classic community bank serving its local community. Its core business is accepting deposits and issuing loans. This chart illustrates the traditional banking model, where capitalization per employee reflects the direct link between staff and revenue generation. There are no technological "multipliers" here, but there is stability and clear value.
Market capitalization per employee (in thousands of dollars) in the market segment - Local banks
ECB Bancorp is a community-focused bank. Its value is largely built on customer relationships, which are nurtured by its branch staff. This chart helps us understand how effectively the bank monetizes its personalized service model compared to larger, more automated financial institutions.
Market capitalization per employee (in thousands of dollars) for the overall market
ECB Bancorp is the parent company of Everett Co-operative Bank, a local bank serving its community. This chart demonstrates how the market values โโthe traditional banking model, where personal relationships and physical presence are important, and the capital per employee reflects the specifics of this sector compared to the market as a whole.
Profit per employee (in thousands of dollars) for the company, segment, and market as a whole
Profit per employee (in thousands of dollars) of the company ECBK (ECBK)
ECB Bancorp is the holding company for Everett Co-operative Bank, a local bank in Massachusetts. It's a classic community bank built on local deposits and small business lending. This chart shows how productive this traditional model is. It measures how much net profit each branch employee generates.
Profit per employee (in thousands of dollars) in the market segment - Local banks
ECB Bancorp, like other regional banks, operates in a business where employee efficiency is critical. This chart shows the sector average profit per employee. For ECBK, this means constant optimization: how many loans and deposits can one employee handle and how digitalization helps the bank grow without increasing headcount proportionally to asset growth.
Profit per employee (in thousands of dollars) for the market as a whole
ECB Bancorp is a classic local bank serving its community. In this business, trust and personal service are paramount, requiring qualified staff. This metric demonstrates how effectively the bank utilizes its human capital, balancing quality service with operating expenses to remain profitable.
Sales to employees of the company, segment and market as a whole
Sales per company employee ECBK (ECBK)
ECB Bancorp, as a local bank, uses this chart to evaluate its team's performance. It shows the average revenue generated by each employee from loans, deposits, and other banking services. This reflects not only the bank's operational efficiency but also the health of the local economy it serves.
Sales per employee in the market segment - Local banks
ECB Bancorp (Everett Bank) is a local bank serving communities north of Boston. Its business focuses on traditional banking services: deposits and loans for individuals and small businesses. This metric measures how efficiently their team generates interest and fee income compared to other banks of its size in the region.
Sales per employee for the market as a whole
ECB Bancorp (Everett Bank) is a local community bank. Its business is to attract deposits and issue loans (primarily mortgages and commercial loans) in its region. This chart shows the revenue (interest and fees) generated by each employee. This is a key performance indicator in banking, reflecting the effectiveness of staff in managing the bank's assets.
Short shares by company, segment and market as a whole
Shares shorted by company ECBK (ECBK)
ECB Bancorp is the parent company of Everett Co-operative Bank, a small community bank in Massachusetts. Its business is traditional lending (primarily mortgages) in its region. This chart shows bearish rates. Bears may be concerned about a slowdown in the local real estate market or margin pressure due to rising deposit costs.
Shares shorted by market segment - Local banks
ECB Bancorp (Everett Bank) is a local bank serving its region. Its health is directly dependent on the regional economy. This chart shows the total short position across the entire local bank sector. If it is high, investors are concerned about the health of the entire industry, possibly anticipating rising loan defaults or deposit outflows within the sector.
Shares shorted by the overall market
ECB Bancorp (ECBK) is a community bank. Its fate is inextricably linked to the economic health of the communities it serves. When this indicator of overall pessimism rises, it signals expectations of a recession. For ECBK, this means a decline in lending activity and a simultaneous increase in the risk of default on existing loans.
RSI 14 indicator for a company, segment, and market as a whole
The company's RSI 14 indicator ECBK (ECBK)
ECB Bancorp is a local Massachusetts bank. The stock is sensitive to the local economy and rates. This chart helps gauge sentiment. A reading above 70 may reflect strong lending growth. Oversold levels (<30) are often associated with recession fears or regionally specific issues.
RSI 14 Market Segment - Local banks
ECB Bancorp (ECBK) is a regional bank serving Massachusetts. The RSI_14_Seg for "Local Banks" is an indicator of the "health" of the *entire* regional banking system. It helps us understand whether ECBK's performance reflects its local success or whether the *entire* sector is oversold due to a general crisis of confidence.
RSI 14 for the overall market
ECB Bancorp (ECBK), a regional bank. This chart reflects the "temperature" of small businesses and the real estate market in its region. During periods of euphoria, local businesses take out loans for expansion. During periods of panic and economic downturn, the risk of default on these loans increases for the bank.
Analyst consensus forecast for the company's share price, the segment, and the market as a whole
Analyst consensus stock price forecast ECBK (ECBK)
ECB Bancorp, the parent company of Everett Bank, is a community bank serving communities in Massachusetts. This chart shows the average 12-month forecast from analysts. It reflects their assessment of the region's economic health, loan portfolio growth (especially in real estate), and interest rate margin management.
The difference between the consensus estimate and the actual stock price ECBK (ECBK)
ECB Bancorp (ECBK) is a regional bank (Everett Bank) serving its local market. This chart shows how much analysts' growth expectations outpace the current price. It measures the gap between the price and the consensus target, reflecting the potential experts see for loan portfolio growth and net interest margin.
Analyst consensus forecast for stock prices by market segment - Local banks
ECB Bancorp (Everett Bank) is a classic community bank serving small businesses and residents in Massachusetts. Its health depends on the local economy. This chart shows analysts' overall expectations for the entire community banking sector. It reflects whether experts believe in the stability of small banks or fear a deposit outflow.
Analysts' consensus forecast for the overall market share price
ECB Bancorp is the holding company for Everett Co-operative Bank, a local bank serving customers in Massachusetts. This chart shows overall market sentiment. For ECBK, as a classic local bank, the overall optimism of analysts is a positive sign of the regional economy's health, promising loan portfolio growth and stability.
AKIMA index of the company, segment and market as a whole
AKiMA Company Index ECBK
ECB Bancorp (Everett Bank) is a classic community bank serving markets in Massachusetts, particularly Boston and its surrounding areas. This chart is a summary indicator of the health of their local economy. It aggregates their ability to grow their loan portfolio, their cost of deposits, and their net interest margin (NIM) in this competitive market.
AKIMA Market Segment Index - Local banks
ECB Bancorp is the holding company of Everett Co-operative Bank, a classic community bank serving Massachusetts. Its success depends on the quality of its loan portfolio and trust. This chart shows the average index for the community bank segment. It serves as a benchmark, allowing investors to compare how ECB Bancorp outperforms or underperforms its direct competitors.
The AKIM Index for the overall market
ECB Bancorp is the holding company for Everett Cooperative Bank, a traditional community bank serving Massachusetts. This chart, showing the market average, provides a macro backdrop. It helps assess how this local lender, dependent on the mortgage market, compares to the overall macroeconomic picture and rates.