Correlation Analysis Between FSB Bancorp and FB Financial

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

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.
FB Financial  
33

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in FB Financial Corporation are ranked lower than 3 (%) 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.

FSB Bancorp and FB Financial Volatility Contrast

 Predicted Return Density 
      Returns 

FSB Bancorp Inc  vs.  FB Financial Corp.

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, FSB Bancorp is expected to under-perform the FB Financial. But the stock apears to be less risky and, when comparing its historical volatility, FSB Bancorp is 1.31 times less risky than FB Financial. The stock trades about -0.02 of its potential returns per unit of risk. The FB Financial Corporation is currently generating about 0.05 of returns per unit of risk over similar time horizon. If you would invest  3,826  in FB Financial Corporation on November 16, 2019 and sell it today you would earn a total of  128.00  from holding FB Financial Corporation or generate 3.35% return on investment over 30 days.

Pair Corralation between FSB Bancorp and FB Financial

-0.14
Time Period3 Months [change]
DirectionNegative 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for FSB Bancorp and FB Financial

FSB Bancorp Inc diversification synergy

Good diversification

Overlapping area represents the amount of risk that can be diversified away by holding FSB Bancorp 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 FSB Bancorp 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 FSB Bancorp 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 FSB Bancorp i.e. FSB Bancorp and FB Financial go up and down completely randomly.
See also your portfolio center. Please also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.


 
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