First Commerce Correlations

CMRB Stock

USD 6.15 0.05 0.81%

The current 90-days correlation between First Commerce Bank and United Bancshares is 0.24 (i.e., Modest diversification). The correlation of First Commerce 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.

First Commerce Correlation With Market

Good diversification

The correlation between First Commerce Bank and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Commerce Bank and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to First Commerce could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Commerce when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Commerce - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Commerce Bank to buy it.

Moving together with First Pink Sheet

0.61	CIHHF	China Merchants Bank	Pair Corr
0.82	MFG	Mizuho Financial	Pair Corr
0.91	USB	US Bancorp	Pair Corr
0.75	MUFG	Mitsubishi UFJ Financial Normal Trading	Pair Corr
0.79	WF	Woori Financial Group	Pair Corr
0.61	F	Ford Motor Aggressive Push	Pair Corr
0.77	ACN	Accenture plc	Pair Corr
0.89	ATI	Allegheny Technologies	Pair Corr
0.71	WSFS	WSFS Financial	Pair Corr
0.78	XOM	Exxon Mobil Corp	Pair Corr
0.83	BAC	Bank of America Earnings Call This Week	Pair Corr
0.66	TRV	The Travelers Companies	Pair Corr
0.93	AA	Alcoa Corp	Pair Corr
0.75	DD	Dupont De Nemours	Pair Corr
0.85	MRK	Merck Company Aggressive Push	Pair Corr
0.83	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr

Moving against First Pink Sheet

0.69	VFSWW	VinFast Auto	Pair Corr
0.55	IBN	ICICI Bank Limited	Pair Corr
0.55	USB-PH	US Bancorp	Pair Corr
0.36	HDB	HDFC Bank Limited Earnings Call This Week	Pair Corr
0.7	PG	Procter Gamble	Pair Corr
0.65	T	ATT Inc	Pair Corr
0.6	HD	Home Depot	Pair Corr

Related Correlations Analysis

	UBOH	FKYS	PSBQ	CWBK	AMBK	CHBH	SLBK	DIMC	FFDF	OXBC
UBOH		0.86	0.85	0.86	0.23	0.78	0.61	0.35	0.36	0.44	UBOH
FKYS	0.86		0.71	0.7	0.22	0.79	0.68	0.42	0.5	0.55	FKYS
PSBQ	0.85	0.71		0.61	0.04	0.55	0.37	0.07	0.05	0.13	PSBQ
CWBK	0.86	0.7	0.61		0.44	0.8	0.65	0.5	0.47	0.62	CWBK
AMBK	0.23	0.22	0.04	0.44		0.55	0.57	0.7	0.43	0.73	AMBK
CHBH	0.78	0.79	0.55	0.8	0.55		0.76	0.72	0.59	0.79	CHBH
SLBK	0.61	0.68	0.37	0.65	0.57	0.76		0.8	0.6	0.79	SLBK
DIMC	0.35	0.42	0.07	0.5	0.7	0.72	0.8		0.66	0.87	DIMC
FFDF	0.36	0.5	0.05	0.47	0.43	0.59	0.6	0.66		0.72	FFDF
OXBC	0.44	0.55	0.13	0.62	0.73	0.79	0.79	0.87	0.72		OXBC
	UBOH	FKYS	PSBQ	CWBK	AMBK	CHBH	SLBK	DIMC	FFDF	OXBC

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Risk-Adjusted Indicators

There is a big difference between First Pink Sheet performing well and First Commerce 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 Commerce'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
UBOH	1.24	0.28	0.12	0.99	1.07	(2.14)	3.47	(2.84)	14.80
FKYS	0.94	0.23	0.10	(3.27)	0.74	(1.52)	2.72	(1.57)	6.35
PSBQ	0.46	0.08	(0.01)	5.57	0.41	(0.84)	1.83	(1.24)	3.58
CWBK	0.50	0.06	(0.01)	0.60	0.60	(0.91)	1.38	(1.78)	5.49
AMBK	1.35	0.08	0.01	0.26	2.52	(2.06)	3.57	(4.00)	20.22
CHBH	0.74	0.09	0.01	1.02	1.06	(1.08)	1.98	(1.78)	8.61
SLBK	0.60	0.15	0.08	1.25	0.45	(1.01)	1.58	(1.08)	7.01
DIMC	0.82	0.19	0.08	0.54	1.02	(0.94)	1.82	(1.87)	7.25
FFDF	0.35	0.05	(0.03)	(0.33)	0.55	(0.88)	0.95	(0.97)	5.40
OXBC	0.25	0.08	0.00	2.65	0.00	(0.79)	1.12	(0.25)	3.68

Be your own money manager

Our tools can tell you how much better you can do entering a position in First Commerce without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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First Commerce Corporate Management

David Onderko	VP CFO	Profile
Mary Malec	VP Officer	Profile
Eliyohu Rennert	VP Officer	Profile
Naqi Naqvi	VP Officer	Profile
Eliezer Weinman	Assistant Director	Profile
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Donald Mindiak	Pres Director	Profile

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