Kentucky First Correlations

KFFB Stock

USD 3.39 0.18 5.61%

The current 90-days correlation between Kentucky First Federal and Home Federal Bancorp is 0.09 (i.e., Significant diversification). The correlation of Kentucky First 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.

Kentucky First Correlation With Market

Good diversification

The correlation between Kentucky First Federal and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kentucky First Federal and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kentucky First Federal. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Kentucky Stock

0.77

Deutsche Bank AG

Pair Corr

Moving against Kentucky Stock

0.72	VABK	Virginia National	Pair Corr
0.71	AX	Axos Financial	Pair Corr
0.71	VBNK	VersaBank	Pair Corr
0.7	MBCN	Middlefield Banc Normal Trading	Pair Corr
0.69	MCBS	MetroCity Bankshares	Pair Corr
0.65	VBTX	Veritex Holdings	Pair Corr
0.64	BY	Byline Bancorp	Pair Corr
0.58	RF	Regions Financial	Pair Corr
0.55	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.41	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.4	PB	Prosperity Bancshares	Pair Corr
0.32	MBWM	Mercantile Bank	Pair Corr
0.31	RF-PE	Regions Financial	Pair Corr
0.74	MSBI	Midland States Bancorp	Pair Corr
0.7	EBMT	Eagle Bancorp Montana	Pair Corr
0.67	MVBF	MVB Financial Corp	Pair Corr
0.64	ECBK	ECB Bancorp	Pair Corr
0.46	MYFW	First Western Financial	Pair Corr
0.45	MOFG	MidWestOne Financial	Pair Corr
0.4	MNSB	Mainstreet Bank	Pair Corr
0.34	EFSC	Enterprise Financial Normal Trading	Pair Corr

Related Correlations Analysis

	CULL	HMNF	HFBL	HVBC	LSBK	CRZBF	OFED	ISTR	CBAN	SMBC
CULL		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CULL
HMNF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HMNF
HFBL	0.0	0.0		0.0	-0.21	-0.03	0.0	-0.66	-0.54	-0.66	HFBL
HVBC	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HVBC
LSBK	0.0	0.0	-0.21	0.0		0.62	0.0	0.16	0.13	0.34	LSBK
CRZBF	0.0	0.0	-0.03	0.0	0.62		0.0	-0.06	0.1	0.21	CRZBF
OFED	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	OFED
ISTR	0.0	0.0	-0.66	0.0	0.16	-0.06	0.0		0.71	0.9	ISTR
CBAN	0.0	0.0	-0.54	0.0	0.13	0.1	0.0	0.71		0.88	CBAN
SMBC	0.0	0.0	-0.66	0.0	0.34	0.21	0.0	0.9	0.88		SMBC
	CULL	HMNF	HFBL	HVBC	LSBK	CRZBF	OFED	ISTR	CBAN	SMBC

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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

SMBC	+ 0.9	ISTR
SMBC	+ 0.88	CBAN
CBAN	+ 0.71	ISTR
CRZBF	+ 0.62	LSBK
SMBC	+ 0.34	LSBK
SMBC	+ 0.21	CRZBF

High negative correlations

SMBC	- 0.66	HFBL
ISTR	- 0.66	HFBL
CBAN	- 0.54	HFBL
LSBK	- 0.21	HFBL
ISTR	- 0.06	CRZBF
CRZBF	- 0.03	HFBL

Risk-Adjusted Indicators

There is a big difference between Kentucky Stock performing well and Kentucky First 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 Kentucky First'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
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HFBL	1.52	0.16	0.01	(0.23)	2.01	(2.26)	6.19	(4.94)	13.83
HVBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LSBK	1.59	0.34	0.09	1.58	1.55	(2.64)	2.98	(3.35)	9.06
CRZBF	0.75	0.09	0.00	(4.96)	0.00	0.00	2.66	0.00	16.39
OFED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ISTR	1.56	(0.24)	0.00	(0.08)	0.00	0.00	2.44	(3.28)	17.96
CBAN	1.43	0.07	0.07	0.13	1.42	(1.84)	2.90	(2.00)	18.44
SMBC	1.44	(0.12)	(0.03)	0.02	2.01	(1.54)	2.08	(2.74)	19.64

Kentucky First Corporate Management

Yvonne Thornberry	VP Kentucky	Profile
Wick Asbury	Head Bank	Profile
Stacey Greenawalt	VP Kentucky	Profile
Teresa Hulette	Ex Kentucky	Profile

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