First American Correlations

First American Correlation With Market

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First American. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. For more detail on how to invest in First Stock please use our How to Invest in First American guide.

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 VLY + 0.88 ACT THG + 0.86 RDN THG + 0.85 RLI RDN + 0.81 MTG RDN + 0.78 RLI THG + 0.77 MTG

High negative correlations PFSI - 0.75 ACT PFSI - 0.71 VLY VLY - 0.5 MTG VLY - 0.45 THG VLY - 0.45 RDN EQH - 0.43 VLY

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.