FS Bancorp Correlations

FSBW Stock

USD 40.64 0.43 1.05%

The current 90-days correlation between FS Bancorp and Corsair Gaming is 0.35 (i.e., 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

Weak diversification

The correlation between FS Bancorp and DJI is 0.32 (i.e., 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.

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

0.72	PB	Prosperity Bancshares	Pair Corr
0.71	601658	Postal Savings Bank	Pair Corr
0.7	EBMT	Eagle Bancorp Montana	Pair Corr
0.75	EFSC	Enterprise Financial	Pair Corr
0.81	WABC	Westamerica Bancorporation	Pair Corr
0.91	WSFS	WSFS Financial	Pair Corr
0.77	HTB	HomeTrust Bancshares, Symbol Change	Pair Corr
0.83	PNC	PNC Financial Services	Pair Corr
0.9	TMP	Tompkins Financial	Pair Corr
0.64	INBK	First Internet Bancorp	Pair Corr

Moving against FSBW Stock

0.8	YESBANK	Yes Bank Limited	Pair Corr
0.77	UCOBANK	UCO Bank	Pair Corr
0.57	SBID	State Bank	Pair Corr
0.47	AUBANK	AU Small Finance	Pair Corr
0.41	FNWB	First Northwest Bancorp	Pair Corr
0.38	BIRG	Bank of Ireland	Pair Corr
0.36	WBCPM	Westpac Banking	Pair Corr
0.31	DCBBANK	DCB Bank Limited	Pair Corr
0.67	CENTRALBK	Central Bank	Pair Corr
0.66	MAHABANK	Bank of Maharashtra	Pair Corr
0.65	PNB	Punjab National Bank	Pair Corr
0.64	RBLBANK	RBL Bank Limited	Pair Corr
0.62	FINOPB	Fino Payments Bank	Pair Corr
0.61	AN3PK	Australia and New	Pair Corr
0.57	601665	Qilu Bank	Pair Corr
0.55	SBIN	State Bank	Pair Corr
0.51	KARURVYSYA	Karur Vysya Bank	Pair Corr

Related Correlations Analysis

	CRSR	FICO	EVOH	CUPUF	AQNB	DINO
CRSR		-0.74	0.0	0.18	-0.57	-0.59	CRSR
FICO	-0.74		0.0	-0.08	0.63	0.48	FICO
EVOH	0.0	0.0		0.0	0.0	0.0	EVOH
CUPUF	0.18	-0.08	0.0		0.15	-0.18	CUPUF
AQNB	-0.57	0.63	0.0	0.15		0.6	AQNB
DINO	-0.59	0.48	0.0	-0.18	0.6		DINO
	CRSR	FICO	EVOH	CUPUF	AQNB	DINO

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

AQNB	+ 0.63	FICO
DINO	+ 0.6	AQNB
DINO	+ 0.48	FICO
CUPUF	+ 0.18	CRSR
AQNB	+ 0.15	CUPUF
EVOH	+ 0.0	CRSR

High negative correlations

FICO	- 0.74	CRSR
DINO	- 0.59	CRSR
AQNB	- 0.57	CRSR
DINO	- 0.18	CUPUF
CUPUF	- 0.08	FICO
DINO	- 0.0	EVOH

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
CRSR	2.69	(0.63)	0.00	(0.19)	0.00	0.00	4.48	(7.03)	21.94
FICO	2.02	0.33	0.13	0.35	2.37	(2.36)	4.33	(3.29)	27.80
EVOH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CUPUF	0.66	0.02	(0.03)	0.00	0.98	(1.83)	2.74	(2.23)	6.96
AQNB	0.22	0.02	(0.11)	0.25	0.21	(0.25)	0.47	(0.51)	1.56
DINO	1.44	0.10	0.03	0.35	1.58	(1.66)	3.46	(2.86)	7.38

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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