First Competitors
| FAF Stock | USD 67.77 3.43 5.33% |
First American vs PennyMac Finl Correlation
Very good diversification
The correlation between First American and PFSI is -0.45 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First American and PFSI in the same portfolio, assuming nothing else is changed.
First American Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between First American and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of First and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of First American does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between First Stock performing well and First American 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 First American'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ESNT | 1.01 | 0.08 | 0.02 | 0.28 | 1.32 | 2.00 | 8.39 | |||
| MTG | 1.09 | (0.07) | 0.00 | (0.02) | 0.00 | 2.19 | 12.13 | |||
| ACT | 1.15 | 0.22 | 0.13 | 0.48 | 1.09 | 2.19 | 11.58 | |||
| RLI | 1.15 | 0.08 | (0.02) | (0.37) | 1.41 | 2.38 | 5.67 | |||
| RDN | 1.03 | (0.01) | (0.04) | 0.06 | 1.66 | 2.85 | 10.62 | |||
| PIPR | 1.71 | (0.11) | (0.01) | 0.04 | 2.17 | 3.71 | 13.32 | |||
| THG | 0.89 | (0.04) | 0.00 | (0.52) | 0.00 | 1.66 | 5.99 | |||
| VLY | 1.18 | 0.26 | 0.16 | 0.38 | 1.13 | 3.26 | 8.87 | |||
| EQH | 1.28 | (0.13) | (0.05) | 0.00 | 1.74 | 2.67 | 7.44 | |||
| PFSI | 1.92 | (0.47) | 0.00 | (0.31) | 0.00 | 3.15 | 39.66 |
Cross Equities Net Income Analysis
Compare First American and related stocks such as Essent Group, MGIC Investment Corp, and Enact Holdings Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ESNT | (27.6 M) | (33.6 M) | (13.5 M) | 65.4 M | 88.5 M | 157.3 M | 222.6 M | 379.7 M | 467.4 M | 555.7 M | 413 M | 681.8 M | 831.4 M | 696.4 M | 729.4 M | 838.8 M | 880.8 M |
| MTG | 75 M | (485.9 M) | (927.1 M) | (49.8 M) | 251.9 M | 1.2 B | 342.5 M | 355.8 M | 670.1 M | 673.8 M | 446.1 M | 635 M | 865.3 M | 712.9 M | 763 M | 738.3 M | 775.3 M |
| RLI | 4.1 M | 126.6 M | 103.3 M | 126.3 M | 135.4 M | 137.5 M | 114.9 M | 105 M | 64.2 M | 191.6 M | 157.1 M | 279.4 M | 583.4 M | 304.6 M | 345.8 M | 403.3 M | 423.5 M |
| RDN | 21.8 M | 302.1 M | (451.5 M) | (197 M) | 959.5 M | 286.9 M | 308.3 M | 121.1 M | 606 M | 672.3 M | 393.6 M | 600.7 M | 742.9 M | 603.1 M | 604.4 M | 695.1 M | 729.9 M |
| PIPR | 20.7 M | (102 M) | 41.3 M | 45.1 M | 63.2 M | 52.1 M | (22 M) | (61.9 M) | 57 M | 111.7 M | 40.5 M | 278.5 M | 110.7 M | 85.5 M | 181.1 M | 281.3 M | 295.4 M |
| THG | 133.9 M | 36.7 M | 55.9 M | 251 M | 282 M | 331.5 M | 155.1 M | 186.2 M | 391 M | 425.1 M | 358.7 M | 422.8 M | 116 M | 35.3 M | 426 M | 662.5 M | 695.6 M |
| VLY | 23.3 M | 132.5 M | 143.6 M | 132 M | 116.2 M | 103 M | 168.1 M | 161.9 M | 261.4 M | 309.8 M | 390.6 M | 473.8 M | 568.9 M | 498.5 M | 380.3 M | 598 M | 627.9 M |
| EQH | 1.6 B | 1.6 B | 1.6 B | 1.6 B | 1.6 B | 333 M | 1.3 B | 834 M | 1.9 B | (1.8 B) | (648 M) | 1.8 B | 2.2 B | 1.3 B | 1.3 B | (1.4 B) | (1.3 B) |
| PFSI | 33 M | 14.7 M | 118.3 M | 14.4 M | 36.8 M | 47.2 M | 66.1 M | 100.8 M | 87.7 M | 393 M | 1.6 B | 1 B | 475.5 M | 144.7 M | 311.4 M | 501.1 M | 343.4 M |
First American and related stocks such as Essent Group, MGIC Investment Corp, and Enact Holdings Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in First American financial statement analysis. It represents the amount of money remaining after all of First American operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.First American Competitive Analysis
The better you understand First American competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, First American's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across First American's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
First American Competition Performance Charts
Five steps to successful analysis of First American Competition
First American's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by First American in relation to its competition. First American's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of First American in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact First American's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to First American, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Check out First American Correlation with its peers. For more detail on how to invest in First Stock please use our How to Invest in First American guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Can Property & Casualty Insurance industry sustain growth momentum? Does First have expansion opportunities? Factors like these will boost the valuation of First American. Market participants price First higher when confident in its future expansion prospects. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating First American demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Quarterly Earnings Growth 0.27 | Dividend Share 2.17 | Earnings Share 4.65 | Revenue Per Share | Quarterly Revenue Growth 0.407 |
The market value of First American is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First American's value that differs from its market value or its book value, called intrinsic value, which is First American's true underlying value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Because First American's market value can be influenced by many factors that don't directly affect First American's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First American's value and its price as these two are different measures arrived at by different means. Investors typically determine if First American is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Meanwhile, First American's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.