Correlation Analysis Between FFBW and Bridgewater Bancshares

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

FFBW  
1010

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in FFBW are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days. Inspite fairly inconsistent primary indicators, FFBW may actually be approaching a critical reversion point that can send shares even higher in January 2020.
Bridgewater Bancshares  
1010

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Bridgewater Bancshares are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days. Despite somewhat inconsistent basic indicators, Bridgewater Bancshares may actually be approaching a critical reversion point that can send shares even higher in January 2020.

FFBW and Bridgewater Bancshares Volatility Contrast

 Predicted Return Density 
      Returns 

FFBW Inc  vs.  Bridgewater Bancshares Inc

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, FFBW is expected to generate 1.13 times less return on investment than Bridgewater Bancshares. But when comparing it to its historical volatility, FFBW is 1.07 times less risky than Bridgewater Bancshares. It trades about 0.15 of its potential returns per unit of risk. Bridgewater Bancshares is currently generating about 0.16 of returns per unit of risk over similar time horizon. If you would invest  1,173  in Bridgewater Bancshares on November 11, 2019 and sell it today you would earn a total of  119.00  from holding Bridgewater Bancshares or generate 10.14% return on investment over 30 days.

Pair Corralation between FFBW and Bridgewater Bancshares

0.48
Time Period3 Months [change]
DirectionPositive 
StrengthWeak
Accuracy92.65%
ValuesDaily Returns

Diversification Opportunities for FFBW and Bridgewater Bancshares

FFBW Inc diversification synergy

Very weak diversification

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


 
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