Correlation Analysis Between FB Financial and Luther Burbank

This module allows you to analyze existing cross correlation between FB Financial Corporation and Luther Burbank Corporation. You can compare the effects of market volatilities on FB Financial and Luther Burbank 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 FB Financial with a short position of Luther Burbank. See also your portfolio center. Please also check ongoing floating volatility patterns of FB Financial and Luther Burbank.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

FB Financial  
11

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in FB Financial Corporation are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days. Regardless of fairly consistent technical and fundamental indicators, FB Financial is not utilizing all of its potentials. The current stock price confusion, may contribute to short-horizon losses for the traders.
Luther Burbank  
00

Risk-Adjusted Performance

Over the last 30 days Luther Burbank Corporation has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Luther Burbank is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

FB Financial and Luther Burbank Volatility Contrast

 Predicted Return Density 
      Returns 

FB Financial Corp.  vs.  Luther Burbank Corp.

 Performance (%) 
      Timeline 

Pair Volatility

Considering 30-days investment horizon, FB Financial Corporation is expected to generate 0.94 times more return on investment than Luther Burbank. However, FB Financial Corporation is 1.06 times less risky than Luther Burbank. It trades about 0.02 of its potential returns per unit of risk. Luther Burbank Corporation is currently generating about -0.02 per unit of risk. If you would invest  3,829  in FB Financial Corporation on November 10, 2019 and sell it today you would earn a total of  40.00  from holding FB Financial Corporation or generate 1.04% return on investment over 30 days.

Pair Corralation between FB Financial and Luther Burbank

0.77
Time Period3 Months [change]
DirectionPositive 
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for FB Financial and Luther Burbank

FB Financial Corp. diversification synergy

Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding FB Financial Corp. and Luther Burbank Corp. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Luther Burbank and FB 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 FB Financial Corporation are associated (or correlated) with Luther Burbank. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Luther Burbank has no effect on the direction of FB Financial i.e. FB Financial and Luther Burbank go up and down completely randomly.
See also your portfolio center. Please also try Equity Valuation module to check real value of public entities based on technical and fundamental data.


 
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