FS Bancorp Correlations

FSBW Stock

USD 40.97 0.72 1.73%

The current 90-days correlation between FS Bancorp and First Community is 0.63 (i.e., Poor 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

Poor diversification

The correlation between FS Bancorp and DJI is 0.62 (i.e., Poor 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.

Build AI portfolio with FSBW Stock

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

0.8	AX	Axos Financial Earnings Call This Week	Pair Corr
0.9	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.76	NU	Nu Holdings Aggressive Push	Pair Corr
0.91	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.78	RF	Regions Financial Buyout Trend	Pair Corr
0.73	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.61	TFC-PO	Truist Financial	Pair Corr
0.62	TFC-PR	Truist Financial	Pair Corr
0.67	CFG-PE	Citizens Financial	Pair Corr
0.76	CFG-PH	Citizens Financial Group,	Pair Corr
0.83	EFSC	Enterprise Financial Earnings Call Today	Pair Corr
0.62	EFSI	Eagle Financial Services Earnings Call This Week	Pair Corr
0.73	EGBN	Eagle Bancorp Earnings Call This Week	Pair Corr
0.67	KEY-PI	KeyCorp Earnings Call Tomorrow	Pair Corr
0.87	WABC	Westamerica Bancorporation	Pair Corr
0.76	WAFD	Washington Federal	Pair Corr
0.96	WASH	Washington Trust Bancorp Earnings Call Today	Pair Corr
0.88	EQBK	Equity Bancshares,	Pair Corr
0.92	ESSA	ESSA Bancorp Earnings Call This Week	Pair Corr
0.62	WSBCP	WesBanco Earnings Call This Week	Pair Corr
0.81	WNEB	Western New England Earnings Call Tomorrow	Pair Corr
0.83	WSBC	WesBanco	Pair Corr

Related Correlations Analysis

	FCCO	OVLY	FFNW	ESSA	FNWD	CWBC	HMNF	NECB	MBCN
FCCO		0.33	0.0	0.89	-0.35	0.86	0.0	0.67	0.46	FCCO
OVLY	0.33		0.0	0.6	-0.69	0.61	0.0	0.58	0.56	OVLY
FFNW	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	FFNW
ESSA	0.89	0.6	0.0		-0.6	0.96	0.0	0.71	0.57	ESSA
FNWD	-0.35	-0.69	0.0	-0.6		-0.7	0.0	-0.26	-0.65	FNWD
CWBC	0.86	0.61	0.0	0.96	-0.7		0.0	0.64	0.67	CWBC
HMNF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	HMNF
NECB	0.67	0.58	0.0	0.71	-0.26	0.64	0.0		0.64	NECB
MBCN	0.46	0.56	0.0	0.57	-0.65	0.67	0.0	0.64		MBCN
	FCCO	OVLY	FFNW	ESSA	FNWD	CWBC	HMNF	NECB	MBCN

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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
ESSA	+ 0.89	FCCO
CWBC	+ 0.86	FCCO
NECB	+ 0.71	ESSA
NECB	+ 0.67	FCCO
MBCN	+ 0.67	CWBC

High negative correlations

CWBC	- 0.7	FNWD
FNWD	- 0.69	OVLY
MBCN	- 0.65	FNWD
FNWD	- 0.6	ESSA
FNWD	- 0.35	FCCO
NECB	- 0.26	FNWD

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	1.17	0.18	0.15	0.32	0.80	(1.49)	2.96	(1.58)	9.17
OVLY	1.57	0.33	0.06	(0.47)	1.72	(1.70)	4.92	(3.37)	10.78
FFNW	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
FNWD	0.82	(0.16)	0.00	(1.47)	0.00	0.00	1.88	(2.10)	5.91
CWBC	1.16	0.26	0.24	0.36	0.68	(1.44)	3.23	(1.38)	8.56
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NECB	1.23	0.16	0.01	(1.29)	1.36	(1.36)	2.67	(2.22)	6.25
MBCN	1.65	0.44	0.12	(0.71)	1.72	(1.85)	3.76	(3.19)	13.08

FS Bancorp Corporate Management

Shana Allen	Executive Washington	Profile
Benjamin Crowl	Executive Officer	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

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