Correlation Analysis Between Luther Burbank and FVCBankcorp

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

Luther Burbank  
00

Risk-Adjusted Performance

Over the last 30 days Luther Burbank Corporation has generated negative risk-adjusted returns adding no value to investors with long positions. 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  
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 and FVCBankcorp Volatility Contrast

 Predicted Return Density 
      Returns 

Luther Burbank Corp.  vs.  FVCBankcorp Inc

 Performance (%) 
      Timeline 

Pair Volatility

Considering 30-days investment horizon, Luther Burbank Corporation is expected to generate 0.63 times more return on investment than FVCBankcorp. However, Luther Burbank Corporation is 1.57 times less risky than FVCBankcorp. It trades about -0.01 of its potential returns per unit of risk. FVCBankcorp is currently generating about -0.1 per unit of risk. If you would invest  1,155  in Luther Burbank Corporation on November 12, 2019 and sell it today you would lose (10.00)  from holding Luther Burbank Corporation or give up 0.87% of portfolio value over 30 days.

Pair Corralation between Luther Burbank and FVCBankcorp

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

Diversification Opportunities for Luther Burbank and FVCBankcorp

Luther Burbank Corp. diversification synergy

Good diversification

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