Five Star Correlations

FSBC Stock

USD 30.12 0.73 2.37%

The current 90-days correlation between Five Star Bancorp and ESSA Bancorp is 0.86 (i.e., Very poor diversification). The correlation of Five Star 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.

Five Star Correlation With Market

Poor diversification

The correlation between Five Star Bancorp and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Five Star Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Five Stock

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 closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Five Stock

0.89	AX	Axos Financial	Pair Corr
0.97	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.75	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.63	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.86	NU	Nu Holdings Aggressive Push	Pair Corr
0.97	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.86	RF	Regions Financial Buyout Trend	Pair Corr
0.7	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.75	VABK	Virginia National	Pair Corr
0.83	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.7	TECTP	Tectonic Financial	Pair Corr
0.84	TFC-PO	Truist Financial	Pair Corr
0.82	TFC-PR	Truist Financial	Pair Corr
0.61	EBMT	Eagle Bancorp Montana Earnings Call This Week	Pair Corr
0.88	CFG-PE	Citizens Financial	Pair Corr
0.84	CFG-PH	Citizens Financial Group,	Pair Corr
0.93	EFSC	Enterprise Financial Earnings Call This Week	Pair Corr
0.61	EFSI	Eagle Financial Services Earnings Call This Week	Pair Corr
0.69	KEY-PI	KeyCorp Earnings Call This Week	Pair Corr
0.72	KEY-PJ	KeyCorp Earnings Call This Week	Pair Corr
0.7	KEY-PK	KeyCorp Earnings Call This Week	Pair Corr
0.63	KEY-PL	KeyCorp Earnings Call This Week	Pair Corr
0.94	WABC	Westamerica Bancorporation	Pair Corr
0.92	WAFD	Washington Federal	Pair Corr
0.94	WASH	Washington Trust Bancorp Earnings Call This Week	Pair Corr
0.66	BANC-PF	Banc of California Earnings Call This Week	Pair Corr
0.9	EQBK	Equity Bancshares,	Pair Corr
0.94	ESSA	ESSA Bancorp Earnings Call This Week	Pair Corr
0.77	WSBCP	WesBanco Earnings Call This Week	Pair Corr
0.91	WNEB	Western New England Earnings Call This Week	Pair Corr
0.93	WSBC	WesBanco	Pair Corr

Related Correlations Analysis

	CULL	ESSA	CWBC	SSBK	FNWB	HTB	GNTY	FSFG	GLBZ
CULL		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CULL
ESSA	0.0		0.96	0.2	-0.48	0.9	0.93	0.3	0.49	ESSA
CWBC	0.0	0.96		0.34	-0.65	0.95	0.95	0.23	0.37	CWBC
SSBK	0.0	0.2	0.34		-0.65	0.48	0.46	-0.2	-0.06	SSBK
FNWB	0.0	-0.48	-0.65	-0.65		-0.7	-0.61	0.36	0.12	FNWB
HTB	0.0	0.9	0.95	0.48	-0.7		0.93	0.22	0.27	HTB
GNTY	0.0	0.93	0.95	0.46	-0.61	0.93		0.16	0.43	GNTY
FSFG	0.0	0.3	0.23	-0.2	0.36	0.22	0.16		0.3	FSFG
GLBZ	0.0	0.49	0.37	-0.06	0.12	0.27	0.43	0.3		GLBZ
	CULL	ESSA	CWBC	SSBK	FNWB	HTB	GNTY	FSFG	GLBZ

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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

CWBC	+ 0.96	ESSA
HTB	+ 0.95	CWBC
GNTY	+ 0.95	CWBC
GNTY	+ 0.93	ESSA
GNTY	+ 0.93	HTB
HTB	+ 0.9	ESSA

High negative correlations

HTB	- 0.7	FNWB
FNWB	- 0.65	SSBK
FNWB	- 0.65	CWBC
GNTY	- 0.61	FNWB
FNWB	- 0.48	ESSA
FSFG	- 0.2	SSBK

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ESSA	1.16	0.10	0.09	0.22	1.04	(1.37)	2.83	(1.95)	7.32
CWBC	1.16	0.26	0.24	0.36	0.68	(1.44)	3.23	(1.38)	8.56
SSBK	1.73	0.29	0.02	(0.26)	2.36	(1.99)	3.36	(3.16)	19.89
FNWB	1.79	(0.41)	0.00	(0.25)	0.00	0.00	3.90	(3.81)	13.72
HTB	1.12	0.18	0.13	0.34	0.96	(1.28)	2.77	(2.00)	5.84
GNTY	1.26	0.17	0.09	0.33	1.29	(1.39)	2.85	(2.27)	9.59
FSFG	1.17	0.10	0.04	0.28	1.10	(1.42)	3.05	(1.87)	8.53
GLBZ	3.19	0.00	0.00	0.13	5.30	(3.43)	7.64	(5.98)	31.44

Five Star Corporate Management

Michael Lee	Senior Officer	Profile
John Dalton	Senior Officer	Profile
Michael Campbell	Secretary	Profile
Shelley Wetton	Senior Officer	Profile

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