Correlation Analysis Between FFBW and FSB Bancorp

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

FFBW  
88

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in FFBW are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days. Inspite fairly stable primary indicators, FFBW is not utilizing all of its potentials. The current stock price fuss, may contribute to near short-term losses for the directors.
FSB Bancorp  
00

Risk-Adjusted Performance

Over the last 30 days FSB Bancorp has generated negative risk-adjusted returns adding no value to investors with long positions. 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.

FFBW and FSB Bancorp Volatility Contrast

 Predicted Return Density 
      Returns 

FFBW Inc  vs.  FSB Bancorp Inc

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, FFBW is expected to generate 0.83 times more return on investment than FSB Bancorp. However, FFBW is 1.21 times less risky than FSB Bancorp. It trades about 0.12 of its potential returns per unit of risk. FSB Bancorp is currently generating about -0.02 per unit of risk. If you would invest  1,091  in FFBW on November 16, 2019 and sell it today you would earn a total of  54.00  from holding FFBW or generate 4.95% return on investment over 30 days.

Pair Corralation between FFBW and FSB Bancorp

-0.41
Time Period3 Months [change]
DirectionNegative 
StrengthVery Weak
Accuracy98.44%
ValuesDaily Returns

Diversification Opportunities for FFBW and FSB Bancorp

FFBW Inc diversification synergy

Very good diversification

Overlapping area represents the amount of risk that can be diversified away by holding FFBW 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 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 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 FFBW i.e. FFBW and FSB Bancorp go up and down completely randomly.
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