Correlation Analysis Between Luther Burbank and FSB Bancorp

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

Comparative Performance

Luther Burbank  
11

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Luther Burbank Corporation are ranked lower than 1 (%) 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.
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.

Luther Burbank and FSB Bancorp Volatility Contrast

 Predicted Return Density 
      Returns 

Luther Burbank Corp.  vs.  FSB Bancorp Inc

 Performance (%) 
      Timeline 

Pair Volatility

Considering 30-days investment horizon, Luther Burbank Corporation is expected to generate 1.36 times more return on investment than FSB Bancorp. However, Luther Burbank is 1.36 times more volatile than FSB Bancorp. It trades about 0.02 of its potential returns per unit of risk. FSB Bancorp is currently generating about -0.02 per unit of risk. If you would invest  1,141  in Luther Burbank Corporation on November 15, 2019 and sell it today you would earn a total of  9.00  from holding Luther Burbank Corporation or generate 0.79% return on investment over 30 days.

Pair Corralation between Luther Burbank and FSB Bancorp

0.19
Time Period3 Months [change]
DirectionPositive 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Luther Burbank and FSB Bancorp

Luther Burbank Corp. diversification synergy

Average diversification

Overlapping area represents the amount of risk that can be diversified away by holding Luther Burbank Corp. and FSB Bancorp Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on FSB Bancorp 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 FSB Bancorp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of FSB Bancorp has no effect on the direction of Luther Burbank i.e. Luther Burbank and FSB Bancorp go up and down completely randomly.
See also your portfolio center. Please also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.


 
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