Flushing Financial Correlations

FFIC Stock

USD 12.49 0.25 2.04%

The current 90-days correlation between Flushing Financial and Kearny Financial Corp is 0.78 (i.e., Poor diversification). The correlation of Flushing Financial 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.

Flushing Financial Correlation With Market

Very weak diversification

The correlation between Flushing Financial and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flushing Financial and DJI in the same portfolio, assuming nothing else is changed.

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flushing Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For information on how to trade Flushing Stock refer to our How to Trade Flushing Stock guide.

Moving together with Flushing Stock

0.81	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.69	NU	Nu Holdings Aggressive Push	Pair Corr
0.79	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.64	VABK	Virginia National	Pair Corr
0.66	TFC-PR	Truist Financial	Pair Corr
0.83	EBMT	Eagle Bancorp Montana Earnings Call This Week	Pair Corr
0.73	CFG-PE	Citizens Financial	Pair Corr
0.73	CFG-PH	Citizens Financial Group,	Pair Corr
0.67	EFSC	Enterprise Financial Earnings Call This Week	Pair Corr
0.72	KEY-PI	KeyCorp Earnings Call This Week	Pair Corr
0.9	WABC	Westamerica Bancorporation	Pair Corr
0.74	WAFD	Washington Federal	Pair Corr
0.86	WASH	Washington Trust Bancorp Earnings Call This Week	Pair Corr
0.74	EQBK	Equity Bancshares,	Pair Corr
0.68	WAFDP	Washington Federal	Pair Corr
0.71	ESSA	ESSA Bancorp Earnings Call This Week	Pair Corr
0.84	WNEB	Western New England Earnings Call This Week	Pair Corr
0.71	WSBC	WesBanco	Pair Corr

Related Correlations Analysis

	FRME	KRNY	IBCP	DCOM	FCBC	FISI	FBNC	OCFC
FRME		0.83	0.99	0.9	0.9	0.87	0.93	0.94	FRME
KRNY	0.83		0.86	0.87	0.82	0.83	0.88	0.87	KRNY
IBCP	0.99	0.86		0.9	0.89	0.88	0.95	0.95	IBCP
DCOM	0.9	0.87	0.9		0.87	0.83	0.92	0.94	DCOM
FCBC	0.9	0.82	0.89	0.87		0.68	0.82	0.83	FCBC
FISI	0.87	0.83	0.88	0.83	0.68		0.89	0.9	FISI
FBNC	0.93	0.88	0.95	0.92	0.82	0.89		0.96	FBNC
OCFC	0.94	0.87	0.95	0.94	0.83	0.9	0.96		OCFC
	FRME	KRNY	IBCP	DCOM	FCBC	FISI	FBNC	OCFC

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Risk-Adjusted Indicators

There is a big difference between Flushing Stock performing well and Flushing Financial 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 Flushing Financial'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
FRME	1.32	0.11	0.09	0.22	1.40	(1.48)	3.23	(2.57)	7.63
KRNY	1.46	0.07	0.06	0.20	1.35	(1.83)	3.51	(2.47)	8.85
IBCP	1.19	0.14	0.10	0.29	1.10	(1.29)	2.70	(1.99)	6.49
DCOM	1.39	0.13	0.08	0.24	1.56	(1.55)	3.04	(3.44)	9.32
FCBC	1.23	0.02	(0.01)	0.16	1.34	(1.40)	2.26	(2.51)	6.54
FISI	1.34	0.20	0.17	0.30	1.08	(1.65)	2.97	(1.92)	9.24
FBNC	1.20	0.28	0.24	0.39	0.81	(1.49)	3.07	(1.77)	7.54
OCFC	1.29	0.18	0.15	0.30	1.07	(1.53)	3.22	(2.37)	8.24

Flushing Financial Corporate Management

Francis Korzekwinski	Chief of Real Estate Lending, Sr. Executive VP, Chief of Real Estate Lending of Flushing Bank and Executive VP of Flushing Bank	Profile
Douglas Liang	Senior Officer	Profile
Douglas Esq	Senior Counsel	Profile
Patricia Tiffany	Senior Marketing	Profile

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