Flushing Financial Correlations

FFIC Stock  USD 15.14  0.03  0.20%   
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 0.35 (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

  0.91BIRG Bank of IrelandPairCorr
  0.68EBMT Eagle Bancorp MontanaPairCorr
  0.78ECBK ECB BancorpPairCorr
  0.85FCAP First CapitalPairCorr
  0.68FFBC First Financial BancorpPairCorr
  0.87BOH Bank of HawaiiPairCorr
  0.92CAC Camden NationalPairCorr
  0.85MPB Mid Penn BancorpPairCorr
  0.79PFS Provident FinancialPairCorr
  0.89TFC Truist Financial CorpPairCorr
  0.67WAL Western Alliance BanPairCorr
  0.72GSBC Great Southern BancorpPairCorr
  0.69HBAN Huntington BancsharesPairCorr
  0.79HOMB Home BancSharesPairCorr
  0.89HTBK Heritage Commerce CorpPairCorr
  0.83IBCP Independent BankPairCorr
  0.61SBID State BankPairCorr
  0.82601187 Xiamen BankPairCorr
  0.89LSBK Lake Shore BancorpPairCorr
  0.63MCBS MetroCity BanksharesPairCorr
  0.91ORRF Orrstown FinancialPairCorr
  0.63PNBK Patriot National BancorpPairCorr
  0.8PNFP Pinnacle FinancialPairCorr
  0.94QCRH QCR HoldingsPairCorr
  0.67AFBI Affinity BancsharesPairCorr
  0.93SBFG SB Financial GroupPairCorr
  0.94SMBC Southern Missouri BancorpPairCorr
  0.73SPFI South Plains FinancialPairCorr
  0.88BCAL Southern CaliforniaPairCorr
  0.77BOKF BOK FinancialPairCorr

Moving against Flushing Stock

  0.74601658 Postal Savings BankPairCorr
  0.74LDI LoandepotPairCorr
  0.55601665 Qilu BankPairCorr
  0.5SFBC Sound Financial BancorpPairCorr
  0.83BYFC Broadway Financial TrendingPairCorr
  0.74CMWCF Cromwell PropertyPairCorr
  0.58HCMC Healthier ChoicesPairCorr

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
UNTYPFIS
RRBINRIM
FISIRRBI
AROWACNB
FISIACNB
  

High negative correlations

CBNKAROW
FISICBNK
CBNKACNB
CBNKNRIM

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  1.85  0.10  0.04  0.13  2.60 
 3.39 
 12.83 
NFBK  1.47 (0.10) 0.00 (0.03) 0.00 
 3.24 
 9.28 
ACNB  1.23  0.09  0.05  0.21  1.28 
 2.45 
 6.18 
PFIS  1.29 (0.04)(0.03) 0.01  1.79 
 3.04 
 9.46 
NRIM  1.67  0.26  0.14  0.22  1.77 
 4.20 
 10.29 
AROW  1.49  0.12  0.07  0.19  1.50 
 3.27 
 9.60 
CBNK  1.02 (0.24) 0.00 (0.21) 0.00 
 2.67 
 6.99 
RRBI  1.30  0.05  0.04  0.10  1.47 
 3.16 
 7.75 
UNTY  1.46  0.01  0.01  0.07  1.92 
 3.47 
 11.20 
FISI  1.23  0.13  0.12  0.15  1.06 
 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