Correlation Analysis Between Esquire Financial and FFBW

Analyzing existing cross correlation between Esquire Financial Holdings and FFBW. You can compare the effects of market volatilities on Esquire Financial and FFBW 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 Esquire Financial with a short position of FFBW. See also your portfolio center. Please also check ongoing floating volatility patterns of Esquire Financial and FFBW.
Horizon     30 Days    Login   to change
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Comparative Performance

Esquire Financial  
55

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Esquire Financial Holdings are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days. Inspite very weak forward-looking indicators, Esquire Financial may actually be approaching a critical reversion point that can send shares even higher in February 2020.
FFBW  
00

Risk-Adjusted Performance

Over the last 30 days FFBW has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite fairly weak primary indicators, FFBW showed solid returns over the last few months and may actually be approaching a breakup point.

Esquire Financial and FFBW Volatility Contrast

 Predicted Return Density 
    
  Returns 

Esquire Financial Holdings Inc  vs.  FFBW Inc

 Performance (%) 
    
  Timeline 

Pair Volatility

Considering 30-days investment horizon, Esquire Financial is expected to generate 3750.94 times less return on investment than FFBW. But when comparing it to its historical volatility, Esquire Financial Holdings is 413.05 times less risky than FFBW. It trades about 0.08 of its potential returns per unit of risk. FFBW is currently generating about 0.71 of returns per unit of risk over similar time horizon. If you would invest  0.00  in FFBW on December 21, 2019 and sell it today you would earn a total of  1,075  from holding FFBW or generate 9.223372036854776E16% return on investment over 30 days.

Pair Corralation between Esquire Financial and FFBW

-0.03
Time Period3 Months [change]
DirectionNegative 
StrengthInsignificant
Accuracy3.23%
ValuesDaily Returns

Diversification Opportunities for Esquire Financial and FFBW

Esquire Financial Holdings Inc diversification synergy

Good diversification

Overlapping area represents the amount of risk that can be diversified away by holding Esquire Financial Holdings Inc and FFBW Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on FFBW and Esquire Financial 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 Esquire Financial Holdings are associated (or correlated) with FFBW. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of FFBW has no effect on the direction of Esquire Financial i.e. Esquire Financial and FFBW go up and down completely randomly.
See also your portfolio center. Please also try CEO Directory module to screen ceos from public companies around the world.