Patrick Star FCF

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

Patrick Star FCF

Last updated Jul 25, 2024

Avg volume > 200k, price > $5, Price/FCF < 15%, operating margins > 5%, net profit margins > 10%, debt/equity under .3, P/E under 30, price above 50 SMA

Asset Allocation

Position	Category/Sector	Weight
ARCH Arch Resources, Inc.	Energy	0.80%
ARCT Arcturus Therapeutics Holdings Inc.	Healthcare	0.80%
ASC Ardmore Shipping Corporation	Industrials	0.80%
BNTX BioNTech SE	Healthcare	6%
BPOP Popular, Inc.	Financial Services	1%
CALM Cal-Maine Foods, Inc.	Consumer Defensive	0.80%
CARG CarGurus, Inc.	Communication Services	0.80%
CATY Cathay General Bancorp	Financial Services	0.80%
CINF Cincinnati Financial Corporation	Financial Services	4%
DHI D.R. Horton, Inc.	Consumer Cyclical	10%
DOX Amdocs Limited	Technology	3%
ESNT Essent Group Ltd.	Financial Services	1%
ETD Ethan Allen Interiors Inc.	Consumer Cyclical	0.90%
FHB First Hawaiian, Inc.	Financial Services	0.80%
GRBK Green Brick Partners, Inc.	Consumer Cyclical	0.80%
HCC Warrior Met Coal, Inc.	Basic Materials	0.80%
HTBK Heritage Commerce Corp	Financial Services	0.80%
IMMR Immersion Corporation	Technology	0.80%
JHG Janus Henderson Group plc	Financial Services	2%
LEN Lennar Corporation	Consumer Cyclical	9%
MFC		8%
MLI		0.80%
MOMO		0.80%
MTG		1%
MTH		1%
NMIH		0.80%
NTB		0.80%
ORI		2%
OSUR		0.90%
PHM		5%
PLAB		0.80%
PRDO		0.80%
RNST		0.80%
SBCF		0.80%
SILV		0.90%
SSB		2%
SSTK		0.80%
SWKS		4%
TBBK		0.80%
TNK		0.80%
TROW		6%
TS		5%
UCBI		1%
VBTX		0.80%
WIT		7%
ZYME		0.90%

Benchmark

S&P 500

Rebalance portfolio

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Patrick Star FCF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Quarterly

Patrick Star FCF

Benchmark (^GSPC)

Portfolio components

The earliest data available for this chart is Oct 10, 2019, corresponding to the inception date of BNTX

Returns By Period

	Year-To-Date	1 month	6 months	1 year	5 years (annualized)	10 years (annualized)
^GSPC S&P 500	13.20%	-1.28%	10.32%	18.23%	12.31%	10.58%
Patrick Star FCF	11.41%	10.63%	12.80%	25.37%	N/A	N/A
Portfolio components:
DHI D.R. Horton, Inc.	14.11%	23.08%	23.43%	37.10%	32.62%	24.60%
LEN Lennar Corporation	16.08%	15.40%	16.22%	37.96%	30.89%	17.53%
MFC	20.08%	-0.31%	21.45%	37.50%	N/A	N/A
WIT	8.31%	2.56%	5.24%	23.87%	N/A	N/A
BNTX BioNTech SE	-19.77%	2.62%	-10.68%	-19.35%	N/A	N/A
TROW	9.55%	-0.88%	7.16%	3.10%	N/A	N/A
PHM	21.53%	13.58%	19.33%	50.57%	N/A	N/A
TS	-6.85%	4.35%	-1.80%	-0.40%	N/A	N/A
SWKS	1.62%	6.16%	9.23%	2.96%	N/A	N/A
CINF Cincinnati Financial Corporation	17.91%	4.66%	8.71%	20.58%	4.96%	12.92%
DOX Amdocs Limited	-2.28%	9.07%	-6.87%	-8.03%	7.89%	7.72%
ORI	12.92%	6.71%	18.61%	25.57%	N/A	N/A
SSB	15.95%	32.37%	15.91%	30.13%	N/A	N/A
MTH	11.90%	19.10%	17.84%	41.38%	N/A	N/A
BPOP Popular, Inc.	26.36%	18.72%	18.35%	49.17%	15.48%	14.74%
ESNT Essent Group Ltd.	18.91%	11.25%	12.80%	27.30%	8.28%	14.09%
MTG	28.11%	15.73%	23.19%	48.39%	N/A	N/A
MLI	45.72%	22.05%	42.17%	72.41%	N/A	N/A
JHG Janus Henderson Group plc	23.27%	7.69%	26.81%	32.82%	16.39%	N/A
UCBI	8.53%	25.37%	11.11%	12.77%	N/A	N/A
HCC Warrior Met Coal, Inc.	12.15%	9.21%	5.49%	61.57%	24.80%	N/A
ARCH Arch Resources, Inc.	-13.61%	-6.45%	-19.64%	21.38%	15.39%	N/A
CATY Cathay General Bancorp	2.75%	21.31%	6.09%	22.90%	7.53%	8.84%
FHB First Hawaiian, Inc.	12.57%	23.80%	15.45%	20.60%	3.00%	N/A
CALM Cal-Maine Foods, Inc.	26.25%	17.24%	29.01%	63.89%	15.82%	8.99%
CARG CarGurus, Inc.	4.26%	-1.22%	8.86%	15.55%	-7.21%	N/A
GRBK Green Brick Partners, Inc.	40.35%	28.73%	43.28%	35.55%	50.11%	27.71%
NMIH	30.39%	17.06%	22.97%	42.28%	N/A	N/A
SBCF	2.26%	25.54%	11.25%	10.71%	N/A	N/A
TBBK	33.04%	43.50%	17.53%	31.34%	N/A	N/A
RNST	9.73%	23.47%	11.08%	22.25%	N/A	N/A
TNK	26.80%	-11.49%	4.73%	55.96%	N/A	N/A
SSTK	-12.07%	10.31%	-9.10%	-14.17%	N/A	N/A
NTB	22.27%	11.28%	24.84%	26.12%	N/A	N/A
PLAB	-19.60%	2.19%	-16.32%	-0.83%	N/A	N/A
PRDO	39.35%	14.91%	31.77%	91.74%	N/A	N/A
VBTX	8.62%	23.16%	15.47%	24.05%	N/A	N/A
MOMO	6.43%	11.22%	22.26%	-24.90%	N/A	N/A
SILV	38.32%	9.03%	61.21%	71.92%	N/A	N/A
ETD Ethan Allen Interiors Inc.	-3.49%	11.06%	1.33%	3.62%	14.60%	7.98%
ZYME	2.31%	26.55%	2.21%	46.02%	N/A	N/A
ARCT Arcturus Therapeutics Holdings Inc.	-27.12%	-6.13%	-27.55%	-31.42%	14.77%	-15.69%
ASC Ardmore Shipping Corporation	51.69%	-8.33%	31.12%	66.06%	25.04%	7.21%
HTBK Heritage Commerce Corp	11.42%	31.57%	20.28%	17.51%	2.36%	7.30%
OSUR	-46.59%	4.29%	-42.29%	-5.19%	N/A	N/A
IMMR Immersion Corporation	88.83%	37.38%	88.91%	93.51%	12.29%	0.07%

Monthly Returns

The table below presents the monthly returns of Patrick Star FCF, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2024	-1.72%	3.44%	4.85%	-7.54%	5.20%	-1.73%							11.41%
2023	9.43%	-1.70%	-1.51%	1.69%	-3.43%	8.44%	6.39%	-3.70%	-5.01%	-4.90%	13.00%	12.51%	32.75%
2022	-7.81%	-0.37%	-0.89%	-8.50%	4.28%	-10.42%	9.94%	-4.92%	-6.85%	9.30%	10.15%	-2.94%	-11.47%
2021	6.17%	4.89%	7.54%	8.94%	2.81%	-0.73%	3.24%	3.51%	-6.31%	5.06%	-1.64%	3.98%	43.25%
2020	-0.06%	-8.47%	-18.94%	15.78%	8.02%	2.95%	11.44%	0.83%	0.28%	0.28%	17.64%	1.02%	28.20%
2019										5.20%	5.25%	6.53%	17.95%

Expense Ratio

Patrick Star FCF has an expense ratio of 0.00%, indicating no management fees are charged. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.

The portfolio doesn't hold funds that charge fees

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of Patrick Star FCF is 40, suggesting that the investment has average results relative to other portfolios in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.

Patrick Star FCF

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Patrick Star FCF

^GSPC

Portfolio components

	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
DHI D.R. Horton, Inc.	0.98	1.52	1.20	1.43	3.30
LEN Lennar Corporation	1.16	1.68	1.22	1.61	4.47
MFC	1.78	2.79	1.33	2.75	8.21
WIT	0.73	1.27	1.18	0.42	2.36
BNTX BioNTech SE	-0.57	-0.68	0.93	-0.25	-0.91
TROW	0.05	0.26	1.03	0.02	0.09
PHM	1.61	2.27	1.28	2.70	6.79
TS	-0.06	0.10	1.01	-0.07	-0.15
SWKS	0.08	0.33	1.04	0.05	0.21
CINF Cincinnati Financial Corporation	1.04	1.57	1.20	0.77	4.24
DOX Amdocs Limited	-0.56	-0.65	0.92	-0.43	-0.94
ORI	1.44	1.85	1.28	2.75	7.54
SSB	1.06	1.82	1.20	1.18	3.60
MTH	0.95	1.61	1.19	1.36	3.13
BPOP Popular, Inc.	2.04	3.01	1.35	1.58	8.10
ESNT Essent Group Ltd.	1.37	2.01	1.23	2.14	4.44
MTG	2.31	3.14	1.39	3.75	10.38
MLI	2.50	3.36	1.41	2.89	13.06
JHG Janus Henderson Group plc	1.40	1.97	1.26	0.65	4.17
UCBI	0.42	0.82	1.10	0.31	0.96
HCC Warrior Met Coal, Inc.	1.39	2.02	1.26	2.64	6.55
ARCH Arch Resources, Inc.	0.61	1.10	1.13	0.90	2.24
CATY Cathay General Bancorp	0.82	1.36	1.16	0.87	1.96
FHB First Hawaiian, Inc.	0.86	1.43	1.16	0.59	2.15
CALM Cal-Maine Foods, Inc.	2.22	3.06	1.40	2.44	15.36
CARG CarGurus, Inc.	0.31	0.64	1.09	0.17	0.92
GRBK Green Brick Partners, Inc.	0.80	1.30	1.16	0.86	2.07
NMIH	1.84	2.58	1.31	1.57	7.78
SBCF	0.42	0.87	1.10	0.29	0.86
TBBK	0.81	1.27	1.16	0.83	1.65
RNST	0.83	1.46	1.16	0.60	2.12
TNK	1.64	2.38	1.27	2.88	7.25
SSTK	-0.37	-0.27	0.97	-0.24	-0.94
NTB	1.08	1.76	1.20	0.87	3.04
PLAB	-0.02	0.32	1.04	-0.03	-0.05
PRDO	2.10	4.12	1.53	2.78	15.15
VBTX	0.74	1.34	1.15	0.44	1.91
MOMO	-0.62	-0.64	0.91	-0.35	-0.80
SILV	1.10	1.62	1.22	0.87	4.18
ETD Ethan Allen Interiors Inc.	0.10	0.42	1.05	0.14	0.27
ZYME	0.98	1.62	1.19	0.48	2.23
ARCT Arcturus Therapeutics Holdings Inc.	-0.47	-0.28	0.97	-0.43	-1.31
ASC Ardmore Shipping Corporation	2.03	2.94	1.36	2.08	12.66
HTBK Heritage Commerce Corp	0.74	1.33	1.15	0.50	1.65
OSUR	-0.05	0.35	1.04	-0.03	-0.10
IMMR Immersion Corporation	2.29	3.07	1.43	1.46	10.14

Sharpe Ratio

The current Patrick Star FCF Sharpe ratio is 1.30. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Compared to the broad market, where average Sharpe ratios range from 1.24 to 1.94, this portfolio's current Sharpe ratio lies between the 25th and 75th percentiles. This indicates that the its risk-adjusted performance is in line with the majority of portfolios. This suggests a balanced approach to risk and return, which might be suitable for a broad range of investors.

Use the chart below to compare the Sharpe ratio of Patrick Star FCF with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Patrick Star FCF

Benchmark (^GSPC)

Portfolio components

Dividends

Dividend yield

Patrick Star FCF granted a 2.09% dividend yield in the last twelve months.

	TTM	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Patrick Star FCF	2.09%	2.22%	2.64%	1.97%	1.98%	1.88%	2.26%	1.72%	1.44%	1.69%	1.52%	0.99%
Portfolio components:
DHI D.R. Horton, Inc.	0.67%	0.69%	1.04%	0.76%	1.05%	1.18%	1.51%	0.83%	1.24%	0.84%	0.79%	0.67%
LEN Lennar Corporation	1.09%	1.01%	1.66%	0.86%	0.82%	0.29%	0.41%	0.25%	0.37%	0.33%	0.36%	0.40%
MFC	4.76%	4.87%	5.68%	4.90%	6.26%	3.71%	4.97%	3.01%	3.13%	3.48%	3.36%	2.57%
WIT	0.20%	0.22%	1.69%	0.14%	0.25%	0.28%	0.30%	0.27%	0.91%	2.20%	5.25%	1.27%
BNTX BioNTech SE	0.00%	0.00%	1.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TROW	4.26%	4.53%	4.40%	3.72%	2.38%	2.50%	3.03%	2.14%	2.83%	5.67%	2.05%	1.81%
PHM	0.61%	0.66%	1.34%	1.00%	1.16%	1.16%	1.46%	1.08%	1.96%	1.85%	1.07%	0.74%
TS	3.79%	3.11%	2.56%	2.59%	4.39%	3.62%	3.85%	2.57%	2.41%	3.78%	2.98%	1.97%
SWKS	2.41%	2.31%	2.59%	1.37%	1.23%	1.36%	2.09%	1.26%	1.45%	1.02%	0.48%	0.00%
CINF Cincinnati Financial Corporation	2.59%	2.90%	2.70%	2.21%	2.75%	2.13%	2.74%	3.32%	2.52%	3.84%	3.35%	3.12%
DOX Amdocs Limited	2.15%	1.98%	2.17%	1.92%	1.85%	1.58%	1.71%	1.34%	1.34%	1.25%	1.33%	1.26%
ORI	3.13%	3.33%	7.87%	13.71%	4.26%	8.05%	8.65%	3.55%	3.96%	3.97%	5.00%	4.17%
SSB	2.14%	2.42%	2.59%	2.40%	2.60%	1.93%	2.30%	1.51%	1.38%	1.36%	1.22%	1.11%
MTH	1.06%	0.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BPOP Popular, Inc.	2.36%	2.77%	3.32%	2.13%	2.84%	2.04%	2.12%	2.82%	1.37%	1.06%	0.00%	0.00%
ESNT Essent Group Ltd.	1.71%	1.90%	2.21%	1.54%	1.48%	0.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MTG	1.88%	2.23%	2.77%	1.94%	1.91%	0.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MLI	1.03%	1.27%	2.54%	0.88%	1.14%	1.26%	1.71%	9.57%	0.87%	1.02%	0.81%	0.73%
JHG Janus Henderson Group plc	4.30%	5.17%	6.59%	3.58%	5.54%	5.89%	6.76%	1.67%	0.00%	0.00%	0.00%	0.00%
UCBI	2.95%	3.14%	2.54%	2.17%	2.53%	2.20%	2.70%	1.35%	1.01%	1.13%	0.58%	0.00%
HCC Warrior Met Coal, Inc.	1.18%	1.88%	4.41%	0.73%	0.87%	21.72%	27.79%	45.17%	0.00%	0.00%	0.00%	0.00%
ARCH Arch Resources, Inc.	5.57%	6.42%	17.59%	0.27%	1.14%	2.51%	1.93%	1.13%	0.00%	0.00%	0.00%	0.00%
CATY Cathay General Bancorp	3.02%	3.05%	3.33%	2.95%	3.85%	3.26%	3.07%	2.06%	1.97%	1.79%	1.13%	0.30%
FHB First Hawaiian, Inc.	4.14%	4.55%	3.99%	3.81%	4.41%	3.60%	4.26%	3.02%	0.57%	0.00%	0.00%	0.00%
CALM Cal-Maine Foods, Inc.	2.64%	7.51%	3.17%	0.09%	0.00%	0.98%	1.03%	0.00%	2.70%	4.10%	2.26%	1.15%
CARG CarGurus, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GRBK Green Brick Partners, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NMIH	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SBCF	2.51%	2.49%	2.05%	1.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TBBK	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RNST	2.42%	2.61%	2.34%	2.32%	2.61%	2.46%	2.65%	1.79%	1.68%	1.98%	2.35%	2.16%
TNK	1.56%	1.47%	0.00%	0.00%	0.00%	0.00%	3.23%	8.57%	13.27%	1.74%	2.37%	3.05%
SSTK	2.72%	2.24%	1.82%	0.76%	0.95%	0.00%	8.33%	0.00%	0.00%	0.00%	0.00%	0.00%
NTB	4.62%	5.50%	5.90%	4.62%	5.65%	4.75%	4.85%	3.53%	0.95%	0.00%	0.00%	0.00%
PLAB	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PRDO	1.82%	1.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VBTX	3.23%	3.44%	2.85%	1.86%	2.65%	1.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MOMO	8.01%	10.36%	7.13%	7.13%	5.44%	1.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SILV	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ETD Ethan Allen Interiors Inc.	6.56%	5.92%	6.57%	10.58%	3.12%	9.34%	6.08%	2.66%	1.76%	1.87%	1.36%	0.92%
ZYME	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ARCT Arcturus Therapeutics Holdings Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ASC Ardmore Shipping Corporation	4.18%	8.16%	0.00%	0.00%	1.53%	0.00%	0.00%	0.00%	5.41%	4.80%	3.34%	0.42%
HTBK Heritage Commerce Corp	4.86%	5.24%	4.00%	4.36%	5.86%	3.74%	3.88%	2.61%	2.49%	2.68%	2.04%	0.73%
OSUR	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IMMR Immersion Corporation	1.26%	1.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.

Patrick Star FCF

Benchmark (^GSPC)

Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the Patrick Star FCF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Patrick Star FCF was 40.56%, occurring on Mar 23, 2020. Recovery took 84 trading sessions.

The current Patrick Star FCF drawdown is 2.10%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-40.56%	Jan 24, 2020	41	Mar 23, 2020	84	Jul 22, 2020	125
-26.34%	Aug 30, 2021	202	Jun 16, 2022	267	Jul 12, 2023	469
-14.39%	Aug 1, 2023	63	Oct 27, 2023	24	Dec 1, 2023	87
-8.85%	Oct 13, 2020	12	Oct 28, 2020	8	Nov 9, 2020	20
-8.52%	Apr 1, 2024	14	Apr 18, 2024	58	Jul 12, 2024	72

Volatility

Volatility Chart

The current Patrick Star FCF volatility is 6.13%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.

Patrick Star FCF

Benchmark (^GSPC)

Portfolio components

Diversification

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	BNTX	CALM	SILV	OSUR	ZYME	ARCT	TNK	ASC	MOMO	ARCH	HCC	IMMR	WIT	SSTK	PRDO	CARG	DOX	TS	LEN	DHI	SWKS	MTH	CINF	GRBK	PHM	PLAB	ETD	ORI	TBBK	NMIH	HTBK	MFC	TROW	JHG	MTG	NTB	MLI	ESNT	RNST	FHB	SSB	SBCF	BPOP	UCBI	VBTX	CATY
BNTX	1.00	0.05	0.12	0.26	0.21	0.35	0.06	0.04	0.19	0.01	0.07	0.20	0.24	0.21	0.12	0.19	0.16	0.11	0.19	0.21	0.25	0.21	0.13	0.19	0.18	0.20	0.15	0.12	0.14	0.15	0.12	0.15	0.26	0.19	0.18	0.16	0.18	0.21	0.14	0.12	0.14	0.14	0.11	0.14	0.18	0.16
CALM	0.05	1.00	0.10	0.08	0.07	0.09	0.14	0.17	0.07	0.13	0.13	0.14	0.16	0.09	0.10	0.09	0.19	0.18	0.12	0.10	0.12	0.11	0.21	0.14	0.12	0.13	0.20	0.21	0.20	0.18	0.23	0.20	0.18	0.17	0.18	0.21	0.22	0.18	0.25	0.24	0.25	0.22	0.25	0.22	0.23	0.26
SILV	0.12	0.10	1.00	0.13	0.17	0.21	0.12	0.13	0.19	0.19	0.22	0.22	0.18	0.19	0.16	0.21	0.20	0.24	0.23	0.24	0.24	0.24	0.12	0.25	0.23	0.23	0.16	0.14	0.15	0.15	0.10	0.22	0.23	0.22	0.19	0.13	0.23	0.20	0.13	0.15	0.14	0.14	0.14	0.12	0.14	0.15
OSUR	0.26	0.08	0.13	1.00	0.20	0.33	0.10	0.11	0.19	0.08	0.09	0.22	0.24	0.27	0.15	0.27	0.15	0.11	0.24	0.25	0.29	0.22	0.09	0.24	0.21	0.28	0.17	0.11	0.17	0.17	0.13	0.17	0.24	0.21	0.16	0.15	0.18	0.17	0.16	0.14	0.16	0.15	0.15	0.14	0.16	0.16
ZYME	0.21	0.07	0.17	0.20	1.00	0.33	0.14	0.18	0.23	0.11	0.14	0.28	0.22	0.25	0.17	0.24	0.12	0.17	0.18	0.19	0.29	0.19	0.10	0.22	0.19	0.27	0.20	0.11	0.17	0.20	0.16	0.17	0.23	0.22	0.19	0.16	0.17	0.20	0.17	0.17	0.16	0.18	0.16	0.16	0.17	0.18
ARCT	0.35	0.09	0.21	0.33	0.33	1.00	0.05	0.07	0.24	0.05	0.12	0.27	0.23	0.28	0.17	0.31	0.15	0.10	0.28	0.28	0.32	0.25	0.09	0.28	0.26	0.26	0.21	0.09	0.18	0.20	0.09	0.16	0.28	0.22	0.20	0.11	0.19	0.19	0.12	0.09	0.12	0.13	0.11	0.12	0.15	0.14
TNK	0.06	0.14	0.12	0.10	0.14	0.05	1.00	0.68	0.18	0.34	0.30	0.14	0.10	0.08	0.15	0.14	0.15	0.38	0.08	0.08	0.12	0.12	0.20	0.14	0.14	0.20	0.19	0.25	0.20	0.20	0.24	0.25	0.16	0.22	0.20	0.26	0.24	0.20	0.24	0.26	0.25	0.21	0.27	0.23	0.22	0.26
ASC	0.04	0.17	0.13	0.11	0.18	0.07	0.68	1.00	0.18	0.33	0.28	0.19	0.10	0.10	0.19	0.15	0.19	0.40	0.12	0.11	0.16	0.15	0.22	0.15	0.15	0.24	0.21	0.27	0.23	0.21	0.26	0.30	0.22	0.24	0.20	0.29	0.30	0.21	0.28	0.30	0.29	0.27	0.30	0.27	0.27	0.31
MOMO	0.19	0.07	0.19	0.19	0.23	0.24	0.18	0.18	1.00	0.16	0.18	0.29	0.23	0.30	0.16	0.30	0.20	0.26	0.23	0.22	0.36	0.25	0.17	0.21	0.24	0.30	0.20	0.22	0.22	0.26	0.19	0.34	0.31	0.29	0.25	0.26	0.24	0.25	0.22	0.21	0.25	0.23	0.26	0.21	0.25	0.24
ARCH	0.01	0.13	0.19	0.08	0.11	0.05	0.34	0.33	0.16	1.00	0.70	0.14	0.15	0.16	0.22	0.15	0.20	0.45	0.13	0.12	0.17	0.17	0.27	0.17	0.16	0.23	0.27	0.30	0.26	0.25	0.30	0.33	0.21	0.27	0.29	0.29	0.33	0.26	0.30	0.30	0.31	0.30	0.34	0.31	0.29	0.35
HCC	0.07	0.13	0.22	0.09	0.14	0.12	0.30	0.28	0.18	0.70	1.00	0.15	0.20	0.14	0.22	0.16	0.24	0.45	0.13	0.14	0.21	0.18	0.30	0.21	0.17	0.25	0.27	0.33	0.30	0.31	0.32	0.33	0.25	0.30	0.32	0.34	0.37	0.31	0.34	0.35	0.32	0.33	0.37	0.33	0.34	0.38
IMMR	0.20	0.14	0.22	0.22	0.28	0.27	0.14	0.19	0.29	0.14	0.15	1.00	0.27	0.33	0.24	0.31	0.26	0.24	0.29	0.28	0.42	0.29	0.19	0.30	0.29	0.40	0.29	0.23	0.28	0.31	0.24	0.33	0.38	0.35	0.30	0.28	0.34	0.31	0.28	0.24	0.28	0.29	0.26	0.28	0.30	0.30
WIT	0.24	0.16	0.18	0.24	0.22	0.23	0.10	0.10	0.23	0.15	0.20	0.27	1.00	0.33	0.21	0.31	0.35	0.26	0.28	0.29	0.42	0.27	0.27	0.27	0.30	0.35	0.26	0.27	0.29	0.28	0.25	0.37	0.45	0.40	0.30	0.29	0.32	0.32	0.28	0.30	0.29	0.28	0.29	0.30	0.30	0.32
SSTK	0.21	0.09	0.19	0.27	0.25	0.28	0.08	0.10	0.30	0.16	0.14	0.33	0.33	1.00	0.23	0.39	0.32	0.18	0.32	0.32	0.44	0.31	0.22	0.35	0.32	0.39	0.34	0.21	0.28	0.29	0.26	0.31	0.44	0.38	0.31	0.31	0.34	0.33	0.30	0.27	0.30	0.31	0.28	0.32	0.31	0.32
PRDO	0.12	0.10	0.16	0.15	0.17	0.17	0.15	0.19	0.16	0.22	0.22	0.24	0.21	0.23	1.00	0.24	0.31	0.27	0.28	0.28	0.26	0.31	0.29	0.33	0.31	0.33	0.36	0.37	0.36	0.36	0.34	0.32	0.34	0.38	0.37	0.34	0.40	0.38	0.38	0.36	0.35	0.37	0.37	0.37	0.39	0.39
CARG	0.19	0.09	0.21	0.27	0.24	0.31	0.14	0.15	0.30	0.15	0.16	0.31	0.31	0.39	0.24	1.00	0.30	0.21	0.41	0.40	0.42	0.41	0.23	0.41	0.42	0.40	0.35	0.26	0.31	0.32	0.28	0.34	0.43	0.40	0.33	0.32	0.38	0.36	0.29	0.30	0.30	0.32	0.32	0.32	0.34	0.33
DOX	0.16	0.19	0.20	0.15	0.12	0.15	0.15	0.19	0.20	0.20	0.24	0.26	0.35	0.32	0.31	0.30	1.00	0.29	0.35	0.37	0.41	0.35	0.42	0.36	0.39	0.38	0.31	0.46	0.35	0.41	0.36	0.42	0.49	0.45	0.46	0.39	0.44	0.45	0.39	0.40	0.39	0.39	0.38	0.42	0.40	0.41
TS	0.11	0.18	0.24	0.11	0.17	0.10	0.38	0.40	0.26	0.45	0.45	0.24	0.26	0.18	0.27	0.21	0.29	1.00	0.19	0.19	0.30	0.25	0.36	0.28	0.24	0.37	0.33	0.41	0.37	0.42	0.42	0.55	0.38	0.44	0.42	0.47	0.46	0.42	0.42	0.46	0.44	0.44	0.47	0.45	0.45	0.49
LEN	0.19	0.12	0.23	0.24	0.18	0.28	0.08	0.12	0.23	0.13	0.13	0.29	0.28	0.32	0.28	0.41	0.35	0.19	1.00	0.92	0.42	0.84	0.31	0.70	0.89	0.41	0.43	0.35	0.33	0.38	0.30	0.36	0.50	0.46	0.42	0.32	0.44	0.42	0.32	0.31	0.30	0.32	0.35	0.33	0.35	0.33
DHI	0.21	0.10	0.24	0.25	0.19	0.28	0.08	0.11	0.22	0.12	0.14	0.28	0.29	0.32	0.28	0.40	0.37	0.19	0.92	1.00	0.44	0.84	0.30	0.71	0.89	0.42	0.43	0.35	0.32	0.37	0.31	0.36	0.50	0.46	0.42	0.32	0.44	0.42	0.32	0.30	0.30	0.32	0.34	0.33	0.35	0.33
SWKS	0.25	0.12	0.24	0.29	0.29	0.32	0.12	0.16	0.36	0.17	0.21	0.42	0.42	0.44	0.26	0.42	0.41	0.30	0.42	0.44	1.00	0.42	0.29	0.41	0.43	0.65	0.33	0.33	0.37	0.39	0.33	0.44	0.57	0.53	0.40	0.39	0.44	0.41	0.35	0.36	0.38	0.38	0.38	0.38	0.40	0.39
MTH	0.21	0.11	0.24	0.22	0.19	0.25	0.12	0.15	0.25	0.17	0.18	0.29	0.27	0.31	0.31	0.41	0.35	0.25	0.84	0.84	0.42	1.00	0.34	0.72	0.86	0.41	0.47	0.38	0.36	0.41	0.35	0.38	0.49	0.46	0.45	0.35	0.45	0.45	0.36	0.33	0.34	0.36	0.40	0.37	0.38	0.38
CINF	0.13	0.21	0.12	0.09	0.10	0.09	0.20	0.22	0.17	0.27	0.30	0.19	0.27	0.22	0.29	0.23	0.42	0.36	0.31	0.30	0.29	0.34	1.00	0.30	0.36	0.31	0.39	0.68	0.46	0.48	0.51	0.54	0.50	0.51	0.51	0.53	0.50	0.50	0.53	0.58	0.54	0.54	0.58	0.56	0.53	0.59
GRBK	0.19	0.14	0.25	0.24	0.22	0.28	0.14	0.15	0.21	0.17	0.21	0.30	0.27	0.35	0.33	0.41	0.36	0.28	0.70	0.71	0.41	0.72	0.30	1.00	0.72	0.43	0.48	0.38	0.39	0.44	0.36	0.39	0.48	0.47	0.46	0.37	0.50	0.48	0.37	0.36	0.37	0.39	0.41	0.40	0.40	0.40
PHM	0.18	0.12	0.23	0.21	0.19	0.26	0.14	0.15	0.24	0.16	0.17	0.29	0.30	0.32	0.31	0.42	0.39	0.24	0.89	0.89	0.43	0.86	0.36	0.72	1.00	0.42	0.48	0.40	0.35	0.42	0.33	0.40	0.52	0.49	0.45	0.36	0.46	0.46	0.35	0.36	0.35	0.36	0.41	0.37	0.38	0.38
PLAB	0.20	0.13	0.23	0.28	0.27	0.26	0.20	0.24	0.30	0.23	0.25	0.40	0.35	0.39	0.33	0.40	0.38	0.37	0.41	0.42	0.65	0.41	0.31	0.43	0.42	1.00	0.40	0.36	0.41	0.41	0.40	0.45	0.52	0.50	0.44	0.44	0.52	0.44	0.40	0.39	0.42	0.44	0.45	0.44	0.44	0.45
ETD	0.15	0.20	0.16	0.17	0.20	0.21	0.19	0.21	0.20	0.27	0.27	0.29	0.26	0.34	0.36	0.35	0.31	0.33	0.43	0.43	0.33	0.47	0.39	0.48	0.48	0.40	1.00	0.46	0.48	0.44	0.50	0.45	0.48	0.48	0.49	0.50	0.52	0.48	0.52	0.50	0.51	0.50	0.51	0.53	0.53	0.55
ORI	0.12	0.21	0.14	0.11	0.11	0.09	0.25	0.27	0.22	0.30	0.33	0.23	0.27	0.21	0.37	0.26	0.46	0.41	0.35	0.35	0.33	0.38	0.68	0.38	0.40	0.36	0.46	1.00	0.53	0.58	0.57	0.59	0.48	0.52	0.61	0.55	0.57	0.60	0.58	0.62	0.61	0.57	0.64	0.61	0.60	0.65
TBBK	0.14	0.20	0.15	0.17	0.17	0.18	0.20	0.23	0.22	0.26	0.30	0.28	0.29	0.28	0.36	0.31	0.35	0.37	0.33	0.32	0.37	0.36	0.46	0.39	0.35	0.41	0.48	0.53	1.00	0.52	0.63	0.53	0.48	0.51	0.56	0.61	0.56	0.55	0.65	0.65	0.66	0.68	0.64	0.67	0.67	0.68
NMIH	0.15	0.18	0.15	0.17	0.20	0.20	0.20	0.21	0.26	0.25	0.31	0.31	0.28	0.29	0.36	0.32	0.41	0.42	0.38	0.37	0.39	0.41	0.48	0.44	0.42	0.41	0.44	0.58	0.52	1.00	0.54	0.54	0.49	0.50	0.81	0.56	0.52	0.81	0.56	0.58	0.58	0.55	0.58	0.58	0.59	0.58
HTBK	0.12	0.23	0.10	0.13	0.16	0.09	0.24	0.26	0.19	0.30	0.32	0.24	0.25	0.26	0.34	0.28	0.36	0.42	0.30	0.31	0.33	0.35	0.51	0.36	0.33	0.40	0.50	0.57	0.63	0.54	1.00	0.53	0.49	0.51	0.58	0.71	0.58	0.58	0.75	0.72	0.74	0.76	0.70	0.77	0.75	0.78
MFC	0.15	0.20	0.22	0.17	0.17	0.16	0.25	0.30	0.34	0.33	0.33	0.33	0.37	0.31	0.32	0.34	0.42	0.55	0.36	0.36	0.44	0.38	0.54	0.39	0.40	0.45	0.45	0.59	0.53	0.54	0.53	1.00	0.56	0.60	0.58	0.58	0.57	0.61	0.56	0.60	0.59	0.59	0.62	0.58	0.57	0.62
TROW	0.26	0.18	0.23	0.24	0.23	0.28	0.16	0.22	0.31	0.21	0.25	0.38	0.45	0.44	0.34	0.43	0.49	0.38	0.50	0.50	0.57	0.49	0.50	0.48	0.52	0.52	0.48	0.48	0.48	0.49	0.49	0.56	1.00	0.71	0.53	0.53	0.56	0.54	0.51	0.54	0.53	0.52	0.55	0.57	0.56	0.56
JHG	0.19	0.17	0.22	0.21	0.22	0.22	0.22	0.24	0.29	0.27	0.30	0.35	0.40	0.38	0.38	0.40	0.45	0.44	0.46	0.46	0.53	0.46	0.51	0.47	0.49	0.50	0.48	0.52	0.51	0.50	0.51	0.60	0.71	1.00	0.56	0.57	0.58	0.56	0.55	0.57	0.56	0.57	0.58	0.58	0.60	0.60
MTG	0.18	0.18	0.19	0.16	0.19	0.20	0.20	0.20	0.25	0.29	0.32	0.30	0.30	0.31	0.37	0.33	0.46	0.42	0.42	0.42	0.40	0.45	0.51	0.46	0.45	0.44	0.49	0.61	0.56	0.81	0.58	0.58	0.53	0.56	1.00	0.60	0.56	0.87	0.59	0.62	0.60	0.61	0.64	0.63	0.64	0.64
NTB	0.16	0.21	0.13	0.15	0.16	0.11	0.26	0.29	0.26	0.29	0.34	0.28	0.29	0.31	0.34	0.32	0.39	0.47	0.32	0.32	0.39	0.35	0.53	0.37	0.36	0.44	0.50	0.55	0.61	0.56	0.71	0.58	0.53	0.57	0.60	1.00	0.60	0.61	0.72	0.73	0.73	0.73	0.73	0.75	0.74	0.76
MLI	0.18	0.22	0.23	0.18	0.17	0.19	0.24	0.30	0.24	0.33	0.37	0.34	0.32	0.34	0.40	0.38	0.44	0.46	0.44	0.44	0.44	0.45	0.50	0.50	0.46	0.52	0.52	0.57	0.56	0.52	0.58	0.57	0.56	0.58	0.56	0.60	1.00	0.58	0.60	0.60	0.60	0.62	0.60	0.63	0.60	0.63
ESNT	0.21	0.18	0.20	0.17	0.20	0.19	0.20	0.21	0.25	0.26	0.31	0.31	0.32	0.33	0.38	0.36	0.45	0.42	0.42	0.42	0.41	0.45	0.50	0.48	0.46	0.44	0.48	0.60	0.55	0.81	0.58	0.61	0.54	0.56	0.87	0.61	0.58	1.00	0.58	0.61	0.61	0.61	0.62	0.62	0.62	0.63
RNST	0.14	0.25	0.13	0.16	0.17	0.12	0.24	0.28	0.22	0.30	0.34	0.28	0.28	0.30	0.38	0.29	0.39	0.42	0.32	0.32	0.35	0.36	0.53	0.37	0.35	0.40	0.52	0.58	0.65	0.56	0.75	0.56	0.51	0.55	0.59	0.72	0.60	0.58	1.00	0.76	0.80	0.82	0.73	0.82	0.81	0.82
FHB	0.12	0.24	0.15	0.14	0.17	0.09	0.26	0.30	0.21	0.30	0.35	0.24	0.30	0.27	0.36	0.30	0.40	0.46	0.31	0.30	0.36	0.33	0.58	0.36	0.36	0.39	0.50	0.62	0.65	0.58	0.72	0.60	0.54	0.57	0.62	0.73	0.60	0.61	0.76	1.00	0.77	0.77	0.76	0.78	0.77	0.81
SSB	0.14	0.25	0.14	0.16	0.16	0.12	0.25	0.29	0.25	0.31	0.32	0.28	0.29	0.30	0.35	0.30	0.39	0.44	0.30	0.30	0.38	0.34	0.54	0.37	0.35	0.42	0.51	0.61	0.66	0.58	0.74	0.59	0.53	0.56	0.60	0.73	0.60	0.61	0.80	0.77	1.00	0.79	0.76	0.83	0.79	0.82
SBCF	0.14	0.22	0.14	0.15	0.18	0.13	0.21	0.27	0.23	0.30	0.33	0.29	0.28	0.31	0.37	0.32	0.39	0.44	0.32	0.32	0.38	0.36	0.54	0.39	0.36	0.44	0.50	0.57	0.68	0.55	0.76	0.59	0.52	0.57	0.61	0.73	0.62	0.61	0.82	0.77	0.79	1.00	0.75	0.83	0.81	0.83
BPOP	0.11	0.25	0.14	0.15	0.16	0.11	0.27	0.30	0.26	0.34	0.37	0.26	0.29	0.28	0.37	0.32	0.38	0.47	0.35	0.34	0.38	0.40	0.58	0.41	0.41	0.45	0.51	0.64	0.64	0.58	0.70	0.62	0.55	0.58	0.64	0.73	0.60	0.62	0.73	0.76	0.76	0.75	1.00	0.77	0.75	0.80
UCBI	0.14	0.22	0.12	0.14	0.16	0.12	0.23	0.27	0.21	0.31	0.33	0.28	0.30	0.32	0.37	0.32	0.42	0.45	0.33	0.33	0.38	0.37	0.56	0.40	0.37	0.44	0.53	0.61	0.67	0.58	0.77	0.58	0.57	0.58	0.63	0.75	0.63	0.62	0.82	0.78	0.83	0.83	0.77	1.00	0.82	0.85
VBTX	0.18	0.23	0.14	0.16	0.17	0.15	0.22	0.27	0.25	0.29	0.34	0.30	0.30	0.31	0.39	0.34	0.40	0.45	0.35	0.35	0.40	0.38	0.53	0.40	0.38	0.44	0.53	0.60	0.67	0.59	0.75	0.57	0.56	0.60	0.64	0.74	0.60	0.62	0.81	0.77	0.79	0.81	0.75	0.82	1.00	0.82
CATY	0.16	0.26	0.15	0.16	0.18	0.14	0.26	0.31	0.24	0.35	0.38	0.30	0.32	0.32	0.39	0.33	0.41	0.49	0.33	0.33	0.39	0.38	0.59	0.40	0.38	0.45	0.55	0.65	0.68	0.58	0.78	0.62	0.56	0.60	0.64	0.76	0.63	0.63	0.82	0.81	0.82	0.83	0.80	0.85	0.82	1.00

The correlation results are calculated based on daily price changes starting from Oct 11, 2019