FS Bancorp Correlations

FSBW Stock

USD 47.60 0.70 1.49%

The current 90-days correlation between FS Bancorp and First Community is 0.5 (i.e., Very weak diversification). The correlation of FS 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. If the correlation is 0, the equities are not correlated; they are entirely random.

FS Bancorp Correlation With Market

Poor diversification

The correlation between FS Bancorp and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FS 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 FS 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.

For more information on how to buy FSBW Stock please use our How to Invest in FS Bancorp guide.

Moving together with FSBW Stock

0.84	AX	Axos Financial	Pair Corr
0.85	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.81	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.76	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.67	VABK	Virginia National	Pair Corr
0.66	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.81	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.84	EBTC	Enterprise Bancorp	Pair Corr
0.87	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.73	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.86	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.65	WAFD	Washington Federal	Pair Corr
0.83	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.7	BANC-PF	Banc of California	Pair Corr
0.85	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.75	ESSA	ESSA Bancorp	Pair Corr
0.7	EVBN	Evans Bancorp	Pair Corr
0.7	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.61	WMPN	William Penn Bancorp	Pair Corr

Related Correlations Analysis

	FCCO	OVLY	FFNW	ESSA	FNWD	CWBC	HMNF	NECB	MBCN
FCCO		0.9	-0.2	0.79	0.39	0.41	0.54	0.79	0.72	FCCO
OVLY	0.9		-0.25	0.8	0.43	0.52	0.5	0.76	0.82	OVLY
FFNW	-0.2	-0.25		0.01	-0.03	-0.18	-0.03	-0.09	-0.13	FFNW
ESSA	0.79	0.8	0.01		0.64	0.22	0.47	0.85	0.79	ESSA
FNWD	0.39	0.43	-0.03	0.64		-0.42	0.19	0.69	0.64	FNWD
CWBC	0.41	0.52	-0.18	0.22	-0.42		0.23	0.0	0.2	CWBC
HMNF	0.54	0.5	-0.03	0.47	0.19	0.23		0.54	0.47	HMNF
NECB	0.79	0.76	-0.09	0.85	0.69	0.0	0.54		0.75	NECB
MBCN	0.72	0.82	-0.13	0.79	0.64	0.2	0.47	0.75		MBCN
	FCCO	OVLY	FFNW	ESSA	FNWD	CWBC	HMNF	NECB	MBCN

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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

OVLY	+ 0.9	FCCO
NECB	+ 0.85	ESSA
MBCN	+ 0.82	OVLY
ESSA	+ 0.8	OVLY
ESSA	+ 0.79	FCCO
NECB	+ 0.79	FCCO

High negative correlations

CWBC	- 0.42	FNWD
FFNW	- 0.25	OVLY
FFNW	- 0.2	FCCO
CWBC	- 0.18	FFNW
MBCN	- 0.13	FFNW
NECB	- 0.09	FFNW

Risk-Adjusted Indicators

There is a big difference between FSBW Stock performing well and FS 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 FS 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
FCCO	1.35	0.21	0.16	0.31	0.95	(1.61)	4.19	(2.20)	11.05
OVLY	1.78	0.13	0.13	0.19	1.45	(2.30)	5.14	(2.77)	11.90
FFNW	0.63	(0.01)	(0.12)	0.08	0.76	(0.68)	1.65	(1.13)	4.32
ESSA	1.73	0.04	0.04	0.15	2.68	(1.59)	3.80	(5.19)	12.53
FNWD	0.96	0.16	0.06	0.70	0.75	(1.21)	2.48	(1.80)	12.55
CWBC	1.07	0.04	0.06	0.15	1.07	(1.19)	2.64	(2.16)	9.14
HMNF	1.88	0.44	0.12	(1.02)	1.85	(2.37)	4.29	(3.19)	13.15
NECB	1.71	0.32	0.19	0.34	1.71	(1.99)	3.89	(3.21)	12.18
MBCN	2.16	0.09	0.12	0.15	2.37	(2.62)	7.42	(2.90)	21.97

FS Bancorp Corporate Management

Shana Allen	Executive Washington	Profile
Donn Costa	Executive Washington	Profile
Paul Taylor	Senior Operations	Profile
Kyle Johnson	1st Markets	Profile
Kathrine Shairrick	Senior Washington	Profile
Ben Crowl	Senior Lending	Profile
Vickie Jarman	Executive Officer	Profile

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