Flagstar Bancorp Correlations
| FBCDelisted Stock | USD 37.54 0.45 1.21% |
The correlation of Flagstar 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.
Flagstar Bancorp Correlation With Market
Significant diversification
The correlation between Flagstar Bancorp and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flagstar Bancorp and DJI in the same portfolio, assuming nothing else is changed.
Flagstar |
Moving against Flagstar Stock
| 0.36 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.36 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.33 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.32 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.32 | PBCRF | PT Bank Central | PairCorr |
| 0.31 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.31 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Flagstar Stock performing well and Flagstar 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 Flagstar 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UPPR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SSY | 3.06 | 0.13 | 0.00 | (15.36) | 3.46 | 7.59 | 20.59 | |||
| FRCOF | 1.37 | 0.17 | 0.00 | 0.62 | 0.00 | 5.41 | 23.45 | |||
| UBER | 1.61 | (0.11) | (0.04) | 0.02 | 2.32 | 2.69 | 20.10 | |||
| KLTR | 3.27 | 0.40 | 0.18 | 0.22 | 3.58 | 7.32 | 26.38 |
Flagstar Bancorp Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Flagstar Bancorp stock to make a market-neutral strategy. Peer analysis of Flagstar Bancorp could also be used in its relative valuation, which is a method of valuing Flagstar Bancorp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Flagstar Bancorp?
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