Flushing Financial Correlations

FFIC Stock  USD 14.76  0.18  1.23%   
The current 90-days correlation between Flushing Financial and First Foundation is 0.53 (i.e., Very weak diversification). The correlation of Flushing 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.

Flushing Financial Correlation With Market

Weak diversification

The correlation between Flushing Financial 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 Flushing Financial and DJI in the same portfolio, assuming nothing else is changed.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flushing 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 gross domestic product.
For information on how to trade Flushing Stock refer to our How to Trade Flushing Stock guide.

Moving together with Flushing Stock

  0.84BIRG Bank of IrelandPairCorr
  0.77FBNC First Bancorp Normal TradingPairCorr
  0.68CCB Coastal Financial CorpPairCorr
  0.64FCF First CommonwealthPairCorr
  0.62FRME First MerchantsPairCorr
  0.82FNB FNB Corp Sell-off TrendPairCorr
  0.89HTH Hilltop HoldingsPairCorr
  0.7FVCB FVCBankcorpPairCorr
  0.72ONB Old National BancorpPairCorr
  0.8GABC German American BancorpPairCorr
  0.88TMP Tompkins FinancialPairCorr
  0.8601187 Xiamen BankPairCorr
  0.66NBHC National Bank Holdings Normal TradingPairCorr
  0.78NBTB NBT BancorpPairCorr
  0.75LB Laurentian BankPairCorr
  0.66AFBI Affinity BancsharesPairCorr
  0.91SBFG SB Financial GroupPairCorr
  0.87AROW Arrow FinancialPairCorr
  0.85SRBK SR Bancorp CommonPairCorr
  0.92SRCE 1st SourcePairCorr
  0.95STBA ST BancorpPairCorr
  0.71BANR BannerPairCorr
  0.82STEL Stellar BancorpPairCorr
  0.86BHRB Burke Herbert FinancialPairCorr
  0.93TCBK TriCo BancsharesPairCorr

Moving against Flushing Stock

  0.67601658 Postal Savings BankPairCorr
  0.56601665 Qilu BankPairCorr
  0.41SFBC Sound Financial BancorpPairCorr

Related Correlations Analysis


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

FISINRIM
UNTYNFBK
RRBINRIM
FISIRRBI
UNTYPFIS
AROWACNB
  

High negative correlations

CBNKAROW

Risk-Adjusted Indicators

There is a big difference between Flushing Stock performing well and Flushing 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 Flushing 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FFWM  1.84  0.03  0.02  0.09  2.58 
 3.08 
 12.33 
NFBK  1.47 (0.09)(0.04) 0.00  1.91 
 3.24 
 9.28 
ACNB  1.27  0.12  0.07  0.25  1.25 
 2.50 
 6.18 
PFIS  1.33 (0.01)(0.01) 0.06  1.76 
 3.04 
 9.46 
NRIM  1.69  0.29  0.16  0.26  1.75 
 4.71 
 10.29 
AROW  1.54  0.21  0.13  0.29  1.43 
 3.27 
 9.60 
CBNK  1.00 (0.14) 0.00 (0.08) 0.00 
 2.67 
 6.99 
RRBI  1.34  0.10  0.07  0.15  1.43 
 3.40 
 7.75 
UNTY  1.46  0.03  0.02  0.10  1.93 
 3.47 
 11.20 
FISI  1.31  0.16  0.15  0.19  1.04 
 3.40 
 11.83 

Flushing Financial Corporate Management

Francis KorzekwinskiChief of Real Estate Lending, Sr. Executive VP, Chief of Real Estate Lending of Flushing Bank and Executive VP of Flushing BankProfile
Douglas LiangSenior OfficerProfile
Douglas EsqSenior CounselProfile
Patricia TiffanySenior MarketingProfile