Five Star Correlations

FSBC Stock

USD 30.60 0.29 0.94%

The current 90-days correlation between Five Star Bancorp and Community West Bancshares is 0.12 (i.e., Average diversification). The correlation of Five Star 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.

Five Star Correlation With Market

Average diversification

The correlation between Five Star Bancorp and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Five Star Bancorp 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 Five Star 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.

Moving together with Five Stock

0.94	AX	Axos Financial	Pair Corr
0.94	BY	Byline Bancorp	Pair Corr
0.83	PB	Prosperity Bancshares	Pair Corr
0.89	RF	Regions Financial	Pair Corr
0.85	VABK	Virginia National	Pair Corr
0.82	VBNK	VersaBank	Pair Corr
0.88	VBTX	Veritex Holdings	Pair Corr
0.74	TFC-PI	Truist Financial	Pair Corr
0.8	EBMT	Eagle Bancorp Montana	Pair Corr
0.8	EFSC	Enterprise Financial Normal Trading	Pair Corr
0.95	EGBN	Eagle Bancorp	Pair Corr
0.66	KEY-PJ	KeyCorp	Pair Corr
0.7	KEY-PK	KeyCorp	Pair Corr
0.97	WABC	Westamerica Bancorporation	Pair Corr
0.84	WAFD	Washington Federal	Pair Corr
0.84	WASH	Washington Trust Bancorp	Pair Corr
0.96	EQBK	Equity Bancshares,	Pair Corr
0.66	EVBN	Evans Bancorp	Pair Corr
0.82	EWBC	East West Bancorp	Pair Corr
0.84	WMPN	William Penn Bancorp	Pair Corr

Related Correlations Analysis

	CWBC	HMNF	FNWB	OFED	CULL	HFBL	CIZN	HVBC	FFNW	CHMG
CWBC		-0.19	0.68	0.14	-0.06	-0.48	0.18	0.33	0.51	0.87	CWBC
HMNF	-0.19		-0.1	-0.34	-0.5	0.37	-0.62	0.4	-0.62	-0.04	HMNF
FNWB	0.68	-0.1		-0.04	-0.17	-0.14	0.03	0.61	0.23	0.48	FNWB
OFED	0.14	-0.34	-0.04		0.36	-0.59	0.72	-0.25	0.75	0.18	OFED
CULL	-0.06	-0.5	-0.17	0.36		-0.19	0.39	-0.54	0.31	-0.19	CULL
HFBL	-0.48	0.37	-0.14	-0.59	-0.19		-0.51	0.12	-0.64	-0.44	HFBL
CIZN	0.18	-0.62	0.03	0.72	0.39	-0.51		-0.33	0.7	0.12	CIZN
HVBC	0.33	0.4	0.61	-0.25	-0.54	0.12	-0.33		-0.08	0.29	HVBC
FFNW	0.51	-0.62	0.23	0.75	0.31	-0.64	0.7	-0.08		0.5	FFNW
CHMG	0.87	-0.04	0.48	0.18	-0.19	-0.44	0.12	0.29	0.5		CHMG
	CWBC	HMNF	FNWB	OFED	CULL	HFBL	CIZN	HVBC	FFNW	CHMG

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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

CHMG	+ 0.87	CWBC
FFNW	+ 0.75	OFED
CIZN	+ 0.72	OFED
FFNW	+ 0.7	CIZN
FNWB	+ 0.68	CWBC
HVBC	+ 0.61	FNWB

High negative correlations

FFNW	- 0.64	HFBL
FFNW	- 0.62	HMNF
CIZN	- 0.62	HMNF
HFBL	- 0.59	OFED
HVBC	- 0.54	CULL
CIZN	- 0.51	HFBL

Risk-Adjusted Indicators

There is a big difference between Five Stock performing well and Five Star 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 Five Star'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
CWBC	1.08	0.05	(0.02)	0.51	1.27	(1.16)	2.53	(1.95)	11.26
HMNF	1.88	0.44	0.13	(0.82)	1.85	(2.37)	4.29	(3.19)	13.15
FNWB	1.26	(0.02)	(0.04)	0.06	1.53	(1.38)	2.98	(2.74)	8.98
OFED	2.13	(0.27)	0.00	(0.85)	0.00	0.00	3.48	(5.28)	12.66
CULL	0.51	(0.10)	0.00	0.50	0.00	0.00	1.18	(1.64)	4.73
HFBL	1.48	0.08	(0.01)	(0.16)	2.08	(2.18)	5.67	(4.53)	13.83
CIZN	0.88	(0.07)	0.00	0.64	0.00	0.00	3.00	(2.14)	6.16
HVBC	1.51	0.34	0.09	43.04	2.03	(1.59)	2.68	(4.11)	18.63
FFNW	0.80	(0.12)	0.00	(0.35)	0.00	0.00	1.58	(1.74)	4.32
CHMG	1.42	0.16	0.05	1.61	1.46	(1.84)	3.06	(2.46)	11.96

Five Star Corporate Management

Michael Lee	Senior Officer	Profile
John Dalton	Senior Officer	Profile
Michael Campbell	Secretary	Profile
Shelley Wetton	Senior Officer	Profile
Brett Wait	Senior Officer	Profile

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