Kentucky First Correlations

KFFB Stock  USD 2.99  0.01  0.33%   
The current 90-days correlation between Kentucky First Federal and Home Federal Bancorp is 0.07 (i.e., Significant diversification). The correlation of Kentucky First 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.

Kentucky First Correlation With Market

Modest diversification

The correlation between Kentucky First Federal and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kentucky First Federal and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kentucky First Federal. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Kentucky Stock

  0.75NU Nu HoldingsPairCorr
  0.62PB Prosperity BancsharesPairCorr
  0.63TFC-PO Truist FinancialPairCorr
  0.65TFC-PR Truist FinancialPairCorr
  0.67EBTC Enterprise BancorpPairCorr
  0.67EFSC Enterprise FinancialPairCorr
  0.78ESSA ESSA BancorpPairCorr

Moving against Kentucky Stock

  0.54ECBK ECB BancorpPairCorr
  0.33WAFD Washington FederalPairCorr

Related Correlations Analysis

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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   
CRZBFLSBK
SMBCCBAN
SMBCISTR
LSBKHFBL
CBANLSBK
CRZBFHFBL
  
High negative correlations   
ISTRCRZBF
ISTRLSBK
SMBCCRZBF
ISTRHFBL
SMBCLSBK
SMBCHFBL

Risk-Adjusted Indicators

There is a big difference between Kentucky Stock performing well and Kentucky First 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 Kentucky First'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CULL  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
HMNF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
HFBL  1.61  0.16  0.07  0.48  2.06 
 5.67 
 13.32 
HVBC  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
LSBK  1.63  0.33  0.16  0.63  1.61 
 3.62 
 21.68 
CRZBF  1.80  0.89  0.00  2.45  0.00 
 6.15 
 19.07 
OFED  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
ISTR  1.38 (0.33) 0.00 (0.48) 0.00 
 2.07 
 7.38 
CBAN  1.21 (0.02) 0.00 (0.08) 0.00 
 2.59 
 10.65 
SMBC  1.30 (0.18) 0.00 (0.23) 0.00 
 2.05 
 6.67 

Kentucky First Corporate Management