Five Star Related Correlations

FSBC Stock  USD 23.80  0.99  4.34%   
Generate correlation matrix for Five Star and other related equities to check the degree to which Five Star Bancorp price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Five Star Bancorp. To filter out specific equities, please toggle its corresponding legend item. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Five Star Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
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Is Five Star's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Five Star. If investors know Five will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Five Star listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.18)
Earnings Share
2.78
Revenue Per Share
6.664
Quarterly Revenue Growth
(0.06)
Return On Assets
0.014
The market value of Five Star Bancorp is measured differently than its book value, which is the value of Five that is recorded on the company's balance sheet. Investors also form their own opinion of Five Star's value that differs from its market value or its book value, called intrinsic value, which is Five Star's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Five Star's market value can be influenced by many factors that don't directly affect Five Star's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Five Star's value and its price as these two are different measures arrived at by different means. Investors typically determine if Five Star is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Five Star's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

MBIN
AX
RF-PC
RF-PE
RF-PB
MBIN
0.470.210.330.21
MBIN
AX
0.47-0.39-0.26-0.48
AX
RF-PC
0.21-0.390.840.91
RF-PC
RF-PE
0.33-0.260.840.88
RF-PE
RF-PB
0.21-0.480.910.88
RF-PB
MBIN
AX
RF-PC
RF-PE
RF-PB
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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
RF-PBRF-PC
RF-PBRF-PE
RF-PERF-PC
AXMBIN
RF-PEMBIN
RF-PCMBIN
  
High negative correlations   
RF-PBAX
RF-PCAX
RF-PEAX

Risk-Adjusted Indicators

There is a big difference between Five Stock performing well and Five Star Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Five Star's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.