Correlation Analysis Between FVCBankcorp and Esquire Financial

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

FVCBankcorp  
00

Risk-Adjusted Performance

Over the last 30 days FVCBankcorp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest weak performance, the Stock's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the company investors.
Esquire Financial  
44

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Esquire Financial Holdings are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days. Inspite very unfluctuating forward-looking indicators, Esquire Financial is not utilizing all of its potentials. The current stock price disarray, may contribute to short term momentum losses for the insiders.

FVCBankcorp and Esquire Financial Volatility Contrast

 Predicted Return Density 
      Returns 

FVCBankcorp Inc  vs.  Esquire Financial Holdings Inc

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, FVCBankcorp is expected to under-perform the Esquire Financial. In addition to that, FVCBankcorp is 1.04 times more volatile than Esquire Financial Holdings. It trades about -0.09 of its total potential returns per unit of risk. Esquire Financial Holdings is currently generating about 0.06 per unit of volatility. If you would invest  2,363  in Esquire Financial Holdings on November 10, 2019 and sell it today you would earn a total of  130.00  from holding Esquire Financial Holdings or generate 5.5% return on investment over 30 days.

Pair Corralation between FVCBankcorp and Esquire Financial

-0.15
Time Period3 Months [change]
DirectionNegative 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for FVCBankcorp and Esquire Financial

FVCBankcorp Inc diversification synergy

Good diversification

Overlapping area represents the amount of risk that can be diversified away by holding FVCBankcorp Inc and Esquire Financial Holdings Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Esquire Financial and FVCBankcorp 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 FVCBankcorp are associated (or correlated) with Esquire Financial. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Esquire Financial has no effect on the direction of FVCBankcorp i.e. FVCBankcorp and Esquire Financial go up and down completely randomly.
See also your portfolio center. Please also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.


 
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