Correlation Analysis Between FFBW and FB Financial

This module allows you to analyze existing cross correlation between FFBW and FB Financial Corporation. You can compare the effects of market volatilities on FFBW and FB Financial 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 FB Financial. See also your portfolio center. Please also check ongoing floating volatility patterns of FFBW and FB Financial.
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 weak primary indicators, FFBW may actually be approaching a critical reversion point that can send shares even higher in January 2020.
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.

FFBW and FB Financial Volatility Contrast

 Predicted Return Density 
      Returns 

FFBW Inc  vs.  FB Financial Corp.

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, FFBW is expected to generate 0.86 times more return on investment than FB Financial. However, FFBW is 1.16 times less risky than FB Financial. It trades about 0.16 of its potential returns per unit of risk. FB Financial Corporation is currently generating about 0.02 per unit of risk. If you would invest  1,066  in FFBW on November 10, 2019 and sell it today you would earn a total of  92.00  from holding FFBW or generate 8.63% return on investment over 30 days.

Pair Corralation between FFBW and FB Financial

0.33
Time Period3 Months [change]
DirectionPositive 
StrengthVery Weak
Accuracy98.44%
ValuesDaily Returns

Diversification Opportunities for FFBW and FB Financial

FFBW Inc diversification synergy

Weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding FFBW Inc and FB Financial Corp. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on FB Financial 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 FB Financial. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of FB Financial has no effect on the direction of FFBW i.e. FFBW and FB Financial 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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