Correlation Analysis Between FVCBankcorp and Luther Burbank

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

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.
Luther Burbank  
22

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Luther Burbank Corporation are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days. Despite somewhat strong basic indicators, Luther Burbank is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

FVCBankcorp and Luther Burbank Volatility Contrast

 Predicted Return Density 
      Returns 

FVCBankcorp Inc  vs.  Luther Burbank Corp.

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, FVCBankcorp is expected to under-perform the Luther Burbank. In addition to that, FVCBankcorp is 1.48 times more volatile than Luther Burbank Corporation. It trades about -0.09 of its total potential returns per unit of risk. Luther Burbank Corporation is currently generating about 0.04 per unit of volatility. If you would invest  1,104  in Luther Burbank Corporation on November 9, 2019 and sell it today you would earn a total of  27.00  from holding Luther Burbank Corporation or generate 2.45% return on investment over 30 days.

Pair Corralation between FVCBankcorp and Luther Burbank

0.04
Time Period3 Months [change]
DirectionPositive 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for FVCBankcorp and Luther Burbank

FVCBankcorp Inc diversification synergy

Significant diversification

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