Correlation Analysis Between Flushing Financial and Eagle Financial

This module allows you to analyze existing cross correlation between Flushing Financial Corporation and Eagle Financial Bancorp. You can compare the effects of market volatilities on Flushing Financial and Eagle Financial and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Flushing Financial with a short position of Eagle Financial. See also your portfolio center. Please also check ongoing floating volatility patterns of Flushing Financial and Eagle Financial.
Horizon     30 Days    Login   to change
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Comparative Performance

Flushing Financial  
00

Risk-Adjusted Performance

Over the last 30 days Flushing Financial Corporation has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Flushing Financial is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Eagle Financial Bancorp  
11

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Eagle Financial Bancorp are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days. Despite nearly stable fundamental indicators, Eagle Financial is not utilizing all of its potentials. The recent stock price disturbance, may contribute to mid-run losses for the stockholder.

Flushing Financial and Eagle Financial Volatility Contrast

 Predicted Return Density 
      Returns 

Flushing Financial Corp.  vs.  Eagle Financial Bancorp Inc

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, Flushing Financial is expected to generate 7.58 times less return on investment than Eagle Financial. But when comparing it to its historical volatility, Flushing Financial Corporation is 1.25 times less risky than Eagle Financial. It trades about 0.0 of its potential returns per unit of risk. Eagle Financial Bancorp is currently generating about 0.03 of returns per unit of risk over similar time horizon. If you would invest  1,591  in Eagle Financial Bancorp on September 21, 2019 and sell it today you would earn a total of  34.00  from holding Eagle Financial Bancorp or generate 2.14% return on investment over 30 days.

Pair Corralation between Flushing Financial and Eagle Financial

0.17
Time Period3 Months [change]
DirectionPositive 
StrengthInsignificant
Accuracy92.31%
ValuesDaily Returns

Diversification Opportunities for Flushing Financial and Eagle Financial

Flushing Financial Corp. diversification synergy

Average diversification

Overlapping area represents the amount of risk that can be diversified away by holding Flushing Financial Corp. and Eagle Financial Bancorp Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Eagle Financial Bancorp and Flushing Financial is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Flushing Financial Corporation are associated (or correlated) with Eagle Financial. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Eagle Financial Bancorp has no effect on the direction of Flushing Financial i.e. Flushing Financial and Eagle Financial go up and down completely randomly.
See also your portfolio center. Please also try Theme Ratings module to determine theme ratings based on digital equity recommendations. macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.


 
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