Correlation Analysis Between FSB Bancorp and FFBW

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

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.
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.

FSB Bancorp and FFBW Volatility Contrast

 Predicted Return Density 
      Returns 

FSB Bancorp Inc  vs.  FFBW Inc

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, FSB Bancorp is expected to under-perform the FFBW. But the stock apears to be less risky and, when comparing its historical volatility, FSB Bancorp is 1.07 times less risky than FFBW. The stock trades about -0.03 of its potential returns per unit of risk. The FFBW is currently generating about 0.16 of returns per unit of risk over similar time horizon. 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 FSB Bancorp and FFBW

-0.36
Time Period3 Months [change]
DirectionNegative 
StrengthInsignificant
Accuracy98.44%
ValuesDaily Returns

Diversification Opportunities for FSB Bancorp and FFBW

FSB Bancorp Inc diversification synergy

Very good diversification

Overlapping area represents the amount of risk that can be diversified away by holding FSB Bancorp Inc and FFBW Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on FFBW 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 FFBW. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of FFBW has no effect on the direction of FSB Bancorp i.e. FSB Bancorp and FFBW go up and down completely randomly.
See also your portfolio center. Please also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.


 
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