FS Bancorp Correlations

FSBW Stock

USD 37.67 0.67 1.81%

The current 90-days correlation between FS Bancorp and First Community is 0.49 (i.e., Very weak diversification). The correlation of FS Bancorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

FS Bancorp Correlation With Market

Very weak diversification

The correlation between FS Bancorp and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FS Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FS Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy FSBW Stock please use our How to Invest in FS Bancorp guide.

Moving together with FSBW Stock

0.95	AX	Axos Financial	Pair Corr
0.81	BY	Byline Bancorp	Pair Corr
0.68	PB	Prosperity Bancshares	Pair Corr
0.8	RF	Regions Financial	Pair Corr
0.81	VABK	Virginia National	Pair Corr
0.84	VBNK	VersaBank	Pair Corr
0.93	VBTX	Veritex Holdings	Pair Corr
0.92	EGBN	Eagle Bancorp	Pair Corr
0.84	WABC	Westamerica Bancorporation	Pair Corr
0.9	WAFD	Washington Federal	Pair Corr
0.69	WASH	Washington Trust Bancorp	Pair Corr
0.83	EQBK	Equity Bancshares,	Pair Corr
0.85	WAFDP	Washington Federal	Pair Corr
0.84	EVBN	Evans Bancorp	Pair Corr
0.73	EWBC	East West Bancorp	Pair Corr
0.74	WMPN	William Penn Bancorp	Pair Corr

Moving against FSBW Stock

0.86	VBFC	Village Bank	Pair Corr
0.73	TECTP	Tectonic Financial	Pair Corr
0.62	KEY-PI	KeyCorp	Pair Corr
0.34	TFC-PO	Truist Financial	Pair Corr
0.33	WF	Woori Financial Group	Pair Corr
0.84	FCAP	First Capital	Pair Corr
0.67	OCFCP	OceanFirst Financial Corp	Pair Corr
0.61	WSBCP	WesBanco	Pair Corr
0.57	BANFP	BFC Capital Trust	Pair Corr
0.55	BANC-PF	Banc of California	Pair Corr
0.33	KEY-PL	KeyCorp	Pair Corr

Related Correlations Analysis

	FCCO	OVLY	FFNW	ESSA	FNWD	CWBC	HMNF	NECB	MBCN
FCCO		0.4	0.3	0.88	-0.32	0.55	0.0	0.5	0.08	FCCO
OVLY	0.4		0.39	0.06	0.42	0.77	0.0	0.65	0.69	OVLY
FFNW	0.3	0.39		0.12	0.39	0.48	0.0	0.49	0.44	FFNW
ESSA	0.88	0.06	0.12		-0.63	0.22	0.0	0.17	-0.27	ESSA
FNWD	-0.32	0.42	0.39	-0.63		0.49	0.0	0.39	0.8	FNWD
CWBC	0.55	0.77	0.48	0.22	0.49		0.0	0.85	0.8	CWBC
HMNF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	HMNF
NECB	0.5	0.65	0.49	0.17	0.39	0.85	0.0		0.61	NECB
MBCN	0.08	0.69	0.44	-0.27	0.8	0.8	0.0	0.61		MBCN
	FCCO	OVLY	FFNW	ESSA	FNWD	CWBC	HMNF	NECB	MBCN

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

ESSA	+ 0.88	FCCO
NECB	+ 0.85	CWBC
MBCN	+ 0.8	FNWD
MBCN	+ 0.8	CWBC
CWBC	+ 0.77	OVLY
MBCN	+ 0.69	OVLY

High negative correlations

FNWD	- 0.63	ESSA
FNWD	- 0.32	FCCO
MBCN	- 0.27	ESSA
MBCN	- 0.0	HMNF
NECB	- 0.0	HMNF
HMNF	- 0.0	CWBC

Risk-Adjusted Indicators

There is a big difference between FSBW Stock performing well and FS Bancorp 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 FS Bancorp'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FCCO	1.32	(0.09)	0.00	(0.18)	0.00	0.00	3.41	(3.73)	10.26
OVLY	1.52	(0.29)	0.00	(0.53)	0.00	0.00	2.38	(3.77)	11.49
FFNW	1.01	0.04	0.12	(4.95)	1.05	(1.15)	1.17	(1.77)	16.29
ESSA	1.13	(0.03)	0.00	(0.15)	0.00	0.00	1.99	(2.21)	6.57
FNWD	1.04	(0.04)	0.00	(0.27)	0.00	0.00	2.12	(1.97)	8.51
CWBC	0.96	(0.20)	0.00	(0.35)	0.00	0.00	2.28	(2.17)	6.01
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NECB	1.32	(0.25)	0.00	(0.48)	0.00	0.00	2.58	(2.61)	6.86
MBCN	1.92	(0.14)	0.00	(0.23)	0.00	0.00	5.07	(3.96)	13.07

FS Bancorp Corporate Management

Shana Allen	Executive Washington	Profile
Donn Costa	Executive Washington	Profile
Paul Taylor	Senior Operations	Profile
Kyle Johnson	1st Markets	Profile
Kathrine Shairrick	Senior Washington	Profile
Ben Crowl	Senior Lending	Profile
Vickie Jarman	Executive Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC