Broadway Financial Correlations

BYFC Stock

USD 8.26 0.02 0.24%

The current 90-days correlation between Broadway Financial and First Seacoast Bancorp is -0.06 (i.e., Good diversification). The correlation of Broadway 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.

Broadway Financial Correlation With Market

Poor diversification

The correlation between Broadway Financial and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Broadway Financial and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Broadway Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Broadway 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 price.

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

Moving together with Broadway Stock

0.79	BNPH	BNP PARIBAS ADR	Pair Corr
0.67	BIRG	Bank of Ireland	Pair Corr
0.66	AON0	AOZORA BANK LTD	Pair Corr
0.8	AX	Axos Financial	Pair Corr
0.66	BY	Byline Bancorp	Pair Corr
0.81	KBN	Komplett Bank ASA	Pair Corr
0.67	RF	Regions Financial Earnings Call This Week	Pair Corr
0.72	HH1	Hancock Whitney	Pair Corr
0.83	BCVN	Banque Cantonale Vaudoise	Pair Corr
0.85	LLBN	Liechtensteinische Earnings Call This Week	Pair Corr
0.7	VBNK	VersaBank	Pair Corr
0.8	SANB	SANTANDER UK 8	Pair Corr
0.73	B4M1	SpareBank 1 SR	Pair Corr
0.75	UIO	ATLANTIC UNION BANKSDL	Pair Corr
0.72	WBCPK	Westpac Banking	Pair Corr
0.89	FRYA	Swedbank AB	Pair Corr
0.64	VNB	Valley National Bancorp	Pair Corr
0.73	EBMT	Eagle Bancorp Montana	Pair Corr
0.81	BNP	BNP Paribas SA	Pair Corr
0.74	EGBN	Eagle Bancorp	Pair Corr
0.69	HSBK	Halyk Bank	Pair Corr
0.83	BCGE	Banque Cantonale	Pair Corr
0.62	WABC	Westamerica Bancorporation	Pair Corr
0.65	WASH	Washington Trust Bancorp	Pair Corr

Moving against Broadway Stock

0.5

3YB

Postal Savings Bank

Pair Corr

Related Correlations Analysis

	FSEA	CLST	CASH	NSTS	HFBL	ASRV	OPHC	PBBK	TCBS	STLE
FSEA		0.84	0.67	0.77	0.86	0.57	0.69	0.6	0.66	0.0	FSEA
CLST	0.84		0.7	0.87	0.86	0.67	0.76	0.64	0.74	0.0	CLST
CASH	0.67	0.7		0.55	0.79	0.87	0.91	0.46	0.4	0.0	CASH
NSTS	0.77	0.87	0.55		0.76	0.49	0.58	0.85	0.78	0.0	NSTS
HFBL	0.86	0.86	0.79	0.76		0.73	0.81	0.63	0.51	0.0	HFBL
ASRV	0.57	0.67	0.87	0.49	0.73		0.86	0.36	0.37	0.0	ASRV
OPHC	0.69	0.76	0.91	0.58	0.81	0.86		0.51	0.36	0.0	OPHC
PBBK	0.6	0.64	0.46	0.85	0.63	0.36	0.51		0.58	0.0	PBBK
TCBS	0.66	0.74	0.4	0.78	0.51	0.37	0.36	0.58		0.0	TCBS
STLE	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		STLE
	FSEA	CLST	CASH	NSTS	HFBL	ASRV	OPHC	PBBK	TCBS	STLE

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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

OPHC	+ 0.91	CASH
NSTS	+ 0.87	CLST
ASRV	+ 0.87	CASH
HFBL	+ 0.86	FSEA
HFBL	+ 0.86	CLST
OPHC	+ 0.86	ASRV

High negative correlations

STLE	- 0.0	TCBS
STLE	- 0.0	PBBK
STLE	- 0.0	OPHC
STLE	- 0.0	ASRV
STLE	- 0.0	HFBL
STLE	- 0.0	NSTS

Risk-Adjusted Indicators

There is a big difference between Broadway Stock performing well and Broadway 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 Broadway 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
FSEA	1.67	0.31	0.08	(0.90)	2.10	(2.12)	4.23	(3.38)	25.19
CLST	0.50	0.13	0.11	1.07	0.26	(0.67)	1.58	(0.96)	3.36
CASH	1.43	0.40	0.27	0.52	1.03	(1.68)	4.14	(1.75)	10.28
NSTS	0.80	0.16	0.10	(2.73)	0.74	(1.04)	2.00	(1.65)	8.07
HFBL	2.52	0.51	0.11	3.62	3.36	(2.64)	6.91	(3.81)	21.75
ASRV	1.66	0.18	0.07	0.24	2.03	(2.02)	3.30	(3.40)	14.58
OPHC	1.05	0.36	0.30	0.65	0.58	(1.32)	3.10	(1.36)	9.77
PBBK	1.09	0.05	(0.01)	(0.16)	1.51	(1.29)	2.40	(2.53)	10.19
TCBS	1.28	0.07	0.01	0.21	1.69	(1.46)	3.90	(2.92)	13.69
STLE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Broadway Financial Corporate Management

Ruth McCloud	Chief Retail Banking Officer, Sr. VP, Chief Retail Banking Officer of Broadway Federal Bank, F.S.B. and Sr. VP of Broadway Federal Bank, F.S.B.	Profile
Elizabeth Sur	General VP	Profile
LaShanya Washington	Executive Officer	Profile
John Allen	Executive Officer	Profile
Mildred Cayton	First Controller	Profile
Cynthia Newell	Senior Officer	Profile

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