FS Bancorp Correlations

FSBW Stock

USD 40.96 0.51 1.23%

The current 90-days correlation between FS Bancorp and Timberland Bancorp is 0.59 (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

Modest diversification

The correlation between FS Bancorp and DJI is 0.27 (i.e., Modest 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.

Build AI portfolio with FSBW Stock

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

0.77	BIRG	Bank of Ireland	Pair Corr
0.81	FBNC	First Bancorp Normal Trading	Pair Corr
0.74	AUB	Atlantic Union Bankshares Earnings Call This Week	Pair Corr
0.8	CCB	Coastal Financial Corp	Pair Corr
0.84	FCF	First Commonwealth	Pair Corr
0.84	FRME	First Merchants	Pair Corr
0.89	FNB	FNB Corp Earnings Call This Week	Pair Corr
0.87	HTH	Hilltop Holdings	Pair Corr
0.85	FVCB	FVCBankcorp Normal Trading	Pair Corr
0.86	ONB	Old National Bancorp Earnings Call This Week	Pair Corr
0.88	GABC	German American Bancorp	Pair Corr
0.93	TMP	Tompkins Financial	Pair Corr
0.79	601187	Xiamen Bank	Pair Corr
0.84	NBHC	National Bank Holdings	Pair Corr
0.9	NBTB	NBT Bancorp	Pair Corr
0.68	VBNK	VersaBank	Pair Corr
0.79	LB	Laurentian Bank	Pair Corr
0.75	AFBI	Affinity Bancshares	Pair Corr
0.93	SBFG	SB Financial Group	Pair Corr
0.85	AROW	Arrow Financial	Pair Corr
0.9	SRBK	SR Bancorp Common	Pair Corr
0.93	SRCE	1st Source	Pair Corr
0.92	STBA	ST Bancorp	Pair Corr
0.84	BANR	Banner Earnings Call This Week	Pair Corr
0.84	STEL	Stellar Bancorp	Pair Corr
0.84	BHRB	Burke Herbert Financial	Pair Corr
0.89	TCBK	TriCo Bancshares Earnings Call This Week	Pair Corr

Moving against FSBW Stock

0.76	601665	Qilu Bank	Pair Corr
0.7	601658	Postal Savings Bank	Pair Corr
0.4	SFBC	Sound Financial Bancorp	Pair Corr

Related Correlations Analysis

	TSBK	PLBC	FNLC	CZNC	WSBF	CBAN	BCML	PCB	CZFS	COSO
TSBK		0.96	0.94	0.94	0.91	0.95	0.88	0.86	0.85	0.92	TSBK
PLBC	0.96		0.93	0.93	0.9	0.97	0.89	0.78	0.82	0.95	PLBC
FNLC	0.94	0.93		0.93	0.88	0.93	0.91	0.85	0.88	0.92	FNLC
CZNC	0.94	0.93	0.93		0.87	0.92	0.95	0.88	0.86	0.92	CZNC
WSBF	0.91	0.9	0.88	0.87		0.9	0.78	0.79	0.78	0.89	WSBF
CBAN	0.95	0.97	0.93	0.92	0.9		0.87	0.74	0.84	0.95	CBAN
BCML	0.88	0.89	0.91	0.95	0.78	0.87		0.84	0.8	0.9	BCML
PCB	0.86	0.78	0.85	0.88	0.79	0.74	0.84		0.79	0.77	PCB
CZFS	0.85	0.82	0.88	0.86	0.78	0.84	0.8	0.79		0.8	CZFS
COSO	0.92	0.95	0.92	0.92	0.89	0.95	0.9	0.77	0.8		COSO
	TSBK	PLBC	FNLC	CZNC	WSBF	CBAN	BCML	PCB	CZFS	COSO

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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
TSBK	1.15	0.11	0.06	0.24	1.17	(1.28)	2.75	(2.43)	8.74
PLBC	0.91	0.07	0.05	0.19	0.87	(0.96)	2.75	(1.62)	5.11
FNLC	1.19	0.02	0.02	0.10	1.34	(1.38)	3.20	(3.02)	7.07
CZNC	0.95	0.05	0.01	0.17	1.24	(1.03)	1.95	(1.71)	7.23
WSBF	0.97	0.18	0.09	0.99	1.00	(1.08)	2.56	(2.37)	6.43
CBAN	1.13	0.06	0.03	0.16	1.55	(1.15)	2.41	(2.60)	9.25
BCML	1.35	0.00	(0.02)	0.09	1.59	(1.50)	3.10	(2.36)	9.92
PCB	1.29	0.06	0.04	0.15	1.36	(1.56)	2.99	(1.88)	10.53
CZFS	1.71	0.07	0.02	0.20	1.89	(1.84)	3.96	(2.91)	10.15
COSO	0.73	0.10	0.04	0.36	0.90	(0.82)	1.52	(1.54)	6.77

FS Bancorp Corporate Management

Shana Allen	Executive Washington	Profile
Benjamin Crowl	Executive Officer	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

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