Flagstar Financial, Correlations

FLG Stock

8.97 0.46 4.88%

The current 90-days correlation between Flagstar Financial, and Axos Financial is 0.09 (i.e., Significant diversification). The correlation of Flagstar Financial, 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.

Flagstar Financial, Correlation With Market

Average diversification

The correlation between Flagstar Financial, and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flagstar Financial, 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 Flagstar Financial,. 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 economic analysis.

For more detail on how to invest in Flagstar Stock please use our How to Invest in Flagstar Financial, guide.

Moving together with Flagstar Stock

0.62

TFC-PI

Truist Financial

Pair Corr

Related Correlations Analysis

	AX	BY	KB	NU	PB	RF	WF	VABK	VBFC	VBNK
AX		0.99	0.08	-0.2	0.95	0.96	-0.39	0.67	0.65	0.83	AX
BY	0.99		-0.02	-0.26	0.94	0.93	-0.47	0.67	0.64	0.78	BY
KB	0.08	-0.02		0.54	0.04	0.25	0.62	-0.06	0.14	0.42	KB
NU	-0.2	-0.26	0.54		-0.3	-0.14	0.48	0.09	-0.1	-0.02	NU
PB	0.95	0.94	0.04	-0.3		0.93	-0.38	0.61	0.62	0.83	PB
RF	0.96	0.93	0.25	-0.14	0.93		-0.23	0.62	0.61	0.92	RF
WF	-0.39	-0.47	0.62	0.48	-0.38	-0.23		-0.12	-0.52	-0.07	WF
VABK	0.67	0.67	-0.06	0.09	0.61	0.62	-0.12		0.26	0.52	VABK
VBFC	0.65	0.64	0.14	-0.1	0.62	0.61	-0.52	0.26		0.6	VBFC
VBNK	0.83	0.78	0.42	-0.02	0.83	0.92	-0.07	0.52	0.6		VBNK
	AX	BY	KB	NU	PB	RF	WF	VABK	VBFC	VBNK

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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

BY	+ 0.99	AX
RF	+ 0.96	AX
PB	+ 0.95	AX
PB	+ 0.94	BY
RF	+ 0.93	BY
RF	+ 0.93	PB

High negative correlations

VBFC	- 0.52	WF
WF	- 0.47	BY
WF	- 0.39	AX
WF	- 0.38	PB
PB	- 0.3	NU
NU	- 0.26	BY

Risk-Adjusted Indicators

There is a big difference between Flagstar Stock performing well and Flagstar Financial, 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 Flagstar Financial,'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
AX	1.96	0.05	0.05	0.04	2.00	(2.36)	3.68	(2.77)	27.27
BY	1.53	0.06	0.06	0.05	1.60	(2.00)	3.40	(2.72)	21.89
KB	1.84	(0.08)	0.00	(0.10)	0.00	0.00	3.84	(3.20)	18.20
NU	2.06	(0.54)	0.00	(0.31)	0.00	0.00	3.81	(6.50)	18.19
PB	1.20	0.04	0.01	0.35	1.29	(1.52)	2.50	(2.35)	13.44
RF	1.15	0.00	0.02	0.02	1.40	(1.41)	2.41	(2.26)	16.77
WF	1.24	(0.20)	0.00	(0.55)	0.00	0.00	1.91	(2.67)	12.54
VABK	1.33	(0.10)	0.00	(0.06)	0.00	0.00	2.85	(2.77)	10.79
VBFC	1.52	0.85	1.28	11.08	0.00	(2.39)	1.27	(0.52)	44.03
VBNK	2.03	0.00	0.00	0.02	3.02	(2.07)	4.63	(3.68)	16.20

Flagstar Financial, Corporate Management

Bao Nguyen	General VP	Profile
Lee Smith	Senior Mortgage	Profile
Christopher Higgins	Senior Officer	Profile
Donald Howard	Executive Officer	Profile
Douglas Pagliaro	Senior Banking	Profile

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