Correlation Analysis Between FFBW and Metropolitan Bank

This module allows you to analyze existing cross correlation between FFBW and Metropolitan Bank Holding Corp. You can compare the effects of market volatilities on FFBW and Metropolitan Bank 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 Metropolitan Bank. See also your portfolio center. Please also check ongoing floating volatility patterns of FFBW and Metropolitan Bank.
Horizon     30 Days    Login   to change
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Comparative Performance

FFBW  
55

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in FFBW are ranked lower than 5 (%) 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.
Metropolitan Bank  
1414

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Metropolitan Bank Holding Corp are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days. Despite somewhat weak basic indicators, Metropolitan Bank sustained solid returns over the last few months and may actually be approaching a breakup point.

FFBW and Metropolitan Bank Volatility Contrast

 Predicted Return Density 
      Returns 

FFBW Inc  vs.  Metropolitan Bank Holding Corp

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, FFBW is expected to generate 3.86 times less return on investment than Metropolitan Bank. But when comparing it to its historical volatility, FFBW is 1.46 times less risky than Metropolitan Bank. It trades about 0.08 of its potential returns per unit of risk. Metropolitan Bank Holding Corp is currently generating about 0.22 of returns per unit of risk over similar time horizon. If you would invest  4,026  in Metropolitan Bank Holding Corp on November 12, 2019 and sell it today you would earn a total of  649.00  from holding Metropolitan Bank Holding Corp or generate 16.12% return on investment over 30 days.

Pair Corralation between FFBW and Metropolitan Bank

0.56
Time Period3 Months [change]
DirectionPositive 
StrengthWeak
Accuracy98.44%
ValuesDaily Returns

Diversification Opportunities for FFBW and Metropolitan Bank

FFBW Inc diversification synergy

Very weak diversification

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