Correlation Analysis Between Bridgewater Bancshares and FSB Bancorp

Analyzing existing cross correlation between Bridgewater Bancshares and FSB Bancorp. You can compare the effects of market volatilities on Bridgewater Bancshares and FSB Bancorp and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Bridgewater Bancshares with a short position of FSB Bancorp. See also your portfolio center. Please also check ongoing floating volatility patterns of Bridgewater Bancshares and FSB Bancorp.
Horizon     30 Days    Login   to change
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Comparative Performance

Bridgewater Bancshares  
44

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Bridgewater Bancshares are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days. Despite somewhat strong basic indicators, Bridgewater Bancshares is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
FSB Bancorp  
22

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in FSB Bancorp are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days. Despite somewhat strong basic indicators, FSB Bancorp is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

Bridgewater Bancshares and FSB Bancorp Volatility Contrast

 Predicted Return Density 
    
  Returns 

Bridgewater Bancshares Inc  vs.  FSB Bancorp Inc

 Performance (%) 
    
  Timeline 

Pair Volatility

Considering 30-days investment horizon, Bridgewater Bancshares is expected to generate 0.93 times more return on investment than FSB Bancorp. However, Bridgewater Bancshares is 1.08 times less risky than FSB Bancorp. It trades about 0.07 of its potential returns per unit of risk. FSB Bancorp is currently generating about 0.03 per unit of risk. If you would invest  1,250  in Bridgewater Bancshares on December 23, 2019 and sell it today you would earn a total of  46.00  from holding Bridgewater Bancshares or generate 3.68% return on investment over 30 days.

Pair Corralation between Bridgewater Bancshares and FSB Bancorp

-0.47
Time Period3 Months [change]
DirectionNegative 
StrengthVery Weak
Accuracy91.04%
ValuesDaily Returns

Diversification Opportunities for Bridgewater Bancshares and FSB Bancorp

Bridgewater Bancshares Inc diversification synergy

Very good diversification

Overlapping area represents the amount of risk that can be diversified away by holding Bridgewater Bancshares Inc and FSB Bancorp Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on FSB Bancorp and Bridgewater Bancshares is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Bridgewater Bancshares are associated (or correlated) with FSB Bancorp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of FSB Bancorp has no effect on the direction of Bridgewater Bancshares i.e. Bridgewater Bancshares and FSB Bancorp go up and down completely randomly.
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