FS Bancorp Correlations

FSBW Stock

USD 42.73 0.75 1.79%

The current 90-days correlation between FS Bancorp and Timberland Bancorp is 0.61 (i.e., Poor 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

Very weak diversification

The correlation between FS Bancorp and DJI is 0.57 (i.e., Very weak 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

0.88	FBIZ	First Business Financial	Pair Corr
0.81	FCAP	First Capital Normal Trading	Pair Corr
0.82	BWB	Bridgewater Bancshares	Pair Corr
0.79	PGC	Peapack Gladstone Normal Trading	Pair Corr
0.89	HBCP	Home Bancorp	Pair Corr
0.85	NFBK	Northfield Bancorp Earnings Call Today	Pair Corr
0.85	PFIS	Peoples Fin	Pair Corr
0.73	RRBI	Red River Bancshares	Pair Corr
0.71	CBNK	Capital Bancorp Normal Trading	Pair Corr
0.86	UNTY	Unity Bancorp	Pair Corr
0.65	PPERY	Bank Mandiri Persero Earnings Call This Week	Pair Corr
0.68	URBN	Urban Outfitters Sell-off Trend	Pair Corr
0.7	MTSFY	Mitsui Fudosan Earnings Call This Week	Pair Corr
0.71	TCX	Tucows Inc	Pair Corr

Moving against FSBW Stock

0.48	BKRKF	PT Bank Rakyat	Pair Corr
0.33	BKRKY	Bank Rakyat	Pair Corr
0.57	ENSV	Enservco	Pair Corr
0.52	PBCRY	Bank Central Asia	Pair Corr
0.44	PBCRF	PT Bank Central	Pair Corr

Related Correlations Analysis

	TSBK	PLBC	FNLC	CZNC	WSBF	CBAN	BCML	PCB	CZFS	COSO
TSBK		0.9	0.94	0.94	0.9	0.97	0.76	0.75	0.83	0.92	TSBK
PLBC	0.9		0.85	0.92	0.93	0.94	0.57	0.58	0.86	0.82	PLBC
FNLC	0.94	0.85		0.92	0.88	0.93	0.81	0.83	0.85	0.93	FNLC
CZNC	0.94	0.92	0.92		0.93	0.95	0.72	0.76	0.89	0.88	CZNC
WSBF	0.9	0.93	0.88	0.93		0.96	0.52	0.57	0.91	0.83	WSBF
CBAN	0.97	0.94	0.93	0.95	0.96		0.67	0.66	0.88	0.92	CBAN
BCML	0.76	0.57	0.81	0.72	0.52	0.67		0.89	0.54	0.82	BCML
PCB	0.75	0.58	0.83	0.76	0.57	0.66	0.89		0.66	0.75	PCB
CZFS	0.83	0.86	0.85	0.89	0.91	0.88	0.54	0.66		0.77	CZFS
COSO	0.92	0.82	0.93	0.88	0.83	0.92	0.82	0.75	0.77		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	1.28	0.31	0.21	0.56	1.05	(1.50)	3.45	(1.95)	8.74
PLBC	1.12	0.32	0.30	0.31	0.60	(1.28)	3.05	(1.66)	11.73
FNLC	1.23	0.13	0.10	0.16	1.12	(1.53)	3.44	(2.04)	7.07
CZNC	1.13	0.24	0.16	0.41	1.17	(1.36)	3.19	(1.68)	7.41
WSBF	1.17	0.24	0.18	0.30	1.01	(1.43)	2.59	(2.52)	9.09
CBAN	1.07	0.29	0.21	0.38	0.95	(1.27)	3.34	(1.56)	9.02
BCML	1.34	0.09	0.05	0.17	1.44	(1.51)	3.46	(2.78)	9.92
PCB	1.34	0.09	0.05	0.14	1.49	(1.51)	2.99	(2.36)	8.70
CZFS	1.79	0.27	0.14	0.40	1.75	(2.10)	4.15	(2.86)	10.38
COSO	0.80	0.20	0.16	0.51	0.78	(0.94)	2.54	(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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