Correlation Analysis Between Luther Burbank and FFBW

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

Comparative Performance

Luther Burbank  
44

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Luther Burbank Corporation are ranked lower than 4 (%) 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.
FFBW  
77

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in FFBW are ranked lower than 7 (%) 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.

Luther Burbank and FFBW Volatility Contrast

 Predicted Return Density 
      Returns 

Luther Burbank Corp.  vs.  FFBW Inc

 Performance (%) 
      Timeline 

Pair Volatility

Considering 30-days investment horizon, Luther Burbank is expected to generate 1.42 times less return on investment than FFBW. In addition to that, Luther Burbank is 1.35 times more volatile than FFBW. It trades about 0.06 of its total potential returns per unit of risk. FFBW is currently generating about 0.12 per unit of volatility. If you would invest  1,064  in FFBW on November 8, 2019 and sell it today you would earn a total of  65.00  from holding FFBW or generate 6.11% return on investment over 30 days.

Pair Corralation between Luther Burbank and FFBW

0.37
Time Period3 Months [change]
DirectionPositive 
StrengthVery Weak
Accuracy98.46%
ValuesDaily Returns

Diversification Opportunities for Luther Burbank and FFBW

Luther Burbank Corp. diversification synergy

Weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding Luther Burbank Corp. and FFBW Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on FFBW and Luther Burbank 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 Luther Burbank Corporation 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 Luther Burbank i.e. Luther Burbank and FFBW go up and down completely randomly.
See also your portfolio center. Please also try Fund Screener module to find activelly-traded funds from around the world traded on over 30 global exchanges.


 
Search macroaxis.com