First Commerce Correlations

CMRB Stock

USD 6.25 0.10 1.57%

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

Very poor diversification

The correlation between First Commerce Bank and DJI is 0.84 (i.e., Very poor 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

0.81	CIHHF	China Merchants Bank	Pair Corr
0.66	BBDC4	Banco Bradesco SA	Pair Corr
0.8	MFG	Mizuho Financial	Pair Corr
0.73	ITUB	Itau Unibanco Banco	Pair Corr
0.89	PNC	PNC Financial Services	Pair Corr
0.7	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.83	SAR	Saratoga Investment Corp	Pair Corr
0.72	ALFVF	Alfa Laval AB	Pair Corr
0.71	CAPL	Crossamerica Partners	Pair Corr
0.82	ESCA	Escalade Incorporated	Pair Corr
0.76	TDY	Teledyne Technologies	Pair Corr
0.72	MBINN	Merchants Bancorp	Pair Corr
0.88	ADEA	ADEIA P	Pair Corr
0.74	WEJTY	Webjet Limited	Pair Corr
0.75	BHB	Bar Harbor Bankshares	Pair Corr
0.73	SOJE	Southern Company	Pair Corr
0.7	GEL	Genesis Energy LP	Pair Corr
0.69	TRP	TC Energy Corp	Pair Corr
0.65	VHI	Valhi Inc Earnings Call This Week	Pair Corr
0.61	UAMY	United States Antimony Aggressive Push	Pair Corr
0.88	DREUF	Dream Industrial Real	Pair Corr
0.74	NTRSO	Northern Trust	Pair Corr
0.75	GL-PD	Globe Life 425	Pair Corr

Moving against First Pink Sheet

0.66	HDB	HDFC Bank Limited	Pair Corr
0.56	CIHKY	China Merchants Bank	Pair Corr
0.55	JD	JD Inc Adr Earnings Call This Week	Pair Corr
0.65	TTCM	Tautachrome	Pair Corr

Related Correlations Analysis

	UBOH	FKYS	PSBQ	CWBK	AMBK	CHBH	SLBK	DIMC	FFDF	OXBC
UBOH		0.8	0.58	0.57	0.38	0.55	0.24	0.41	0.01	0.39	UBOH
FKYS	0.8		0.83	0.69	0.49	0.8	0.62	0.69	0.4	0.7	FKYS
PSBQ	0.58	0.83		0.78	0.74	0.97	0.85	0.92	0.59	0.94	PSBQ
CWBK	0.57	0.69	0.78		0.66	0.8	0.78	0.69	0.68	0.71	CWBK
AMBK	0.38	0.49	0.74	0.66		0.72	0.74	0.74	0.57	0.73	AMBK
CHBH	0.55	0.8	0.97	0.8	0.72		0.85	0.91	0.62	0.93	CHBH
SLBK	0.24	0.62	0.85	0.78	0.74	0.85		0.89	0.88	0.87	SLBK
DIMC	0.41	0.69	0.92	0.69	0.74	0.91	0.89		0.69	0.88	DIMC
FFDF	0.01	0.4	0.59	0.68	0.57	0.62	0.88	0.69		0.64	FFDF
OXBC	0.39	0.7	0.94	0.71	0.73	0.93	0.87	0.88	0.64		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	1.19	0.25	0.10	3.02	1.01	(2.86)	3.47	(2.42)	15.52
FKYS	0.71	0.24	0.12	(24.83)	0.38	(1.29)	2.72	(1.27)	7.39
PSBQ	0.62	0.21	0.10	(2.83)	0.37	(1.01)	1.87	(1.38)	4.74
CWBK	0.49	0.08	0.01	0.41	0.43	(0.91)	1.45	(1.24)	5.49
AMBK	1.06	0.09	0.01	0.42	1.93	(2.46)	4.22	(4.00)	20.22
CHBH	0.75	0.17	0.06	1.08	0.77	(1.20)	2.73	(1.63)	8.81
SLBK	0.69	0.38	0.44	(68.31)	0.00	(1.06)	3.50	(0.67)	5.54
DIMC	0.63	0.14	0.05	1.14	0.77	(0.86)	1.48	(1.17)	7.03
FFDF	0.86	0.30	0.14	2.97	0.50	(1.58)	2.78	(1.56)	7.34
OXBC	0.23	0.04	(0.03)	0.56	0.18	(0.48)	0.95	(0.58)	3.46

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
Tonia Thompson	BSAAMLOFAC VP	Profile
Donald Mindiak	Pres Director	Profile

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