First National Correlations
| FBAK Stock | USD 308.27 0.21 0.07% |
The current 90-days correlation between First National Bank and WTB Financial is -0.18 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First National Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
First National Correlation With Market
Very poor diversification
The correlation between First National Bank and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First National Bank and DJI in the same portfolio, assuming nothing else is changed.
First |
The ability to find closely correlated positions to First National 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 National 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 National - 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 National Bank to buy it.
Moving together with First OTC Stock
| 0.9 | SNPHF | Santen Pharmaceutical | PairCorr |
| 0.83 | MZDAF | Mazda Motor | PairCorr |
| 0.81 | BKKPF | Bangkok Bank Public | PairCorr |
| 0.68 | INTC | Intel | PairCorr |
| 0.83 | WMT | Walmart Common Stock Earnings Call This Week | PairCorr |
| 0.61 | CVX | Chevron Corp | PairCorr |
| 0.76 | JNJ | Johnson Johnson | PairCorr |
| 0.82 | MRK | Merck Company Sell-off Trend | PairCorr |
| 0.68 | CAT | Caterpillar | PairCorr |
Moving against First OTC Stock
| 0.67 | HPQ | HP Inc | PairCorr |
| 0.62 | MSFT | Microsoft | PairCorr |
| 0.56 | DSKYF | Daiichi Sankyo | PairCorr |
| 0.35 | MMM | 3M Company | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between First OTC Stock performing well and First National OTC Stock 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 National'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WTBFB | 0.66 | 0.20 | 0.17 | 1.78 | 0.41 | 1.37 | 6.48 | |||
| SPXXF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FMBL | 0.30 | 0.10 | 0.10 | 1.87 | 0.00 | 1.05 | 2.75 | |||
| HACBY | 0.86 | 0.17 | 0.00 | (0.42) | 0.00 | 0.00 | 31.60 | |||
| SBNC | 0.89 | 0.27 | 0.08 | 1.54 | 0.78 | 3.77 | 11.10 | |||
| FMCB | 0.82 | 0.24 | 0.15 | 6.93 | 0.53 | 2.49 | 6.17 | |||
| HBIA | 0.37 | 0.02 | 0.00 | 0.31 | 0.00 | 1.96 | 6.08 | |||
| LRCDF | 0.92 | 0.35 | 0.21 | 3.09 | 0.35 | 1.38 | 18.76 | |||
| IHPGF | 0.37 | 0.04 | 0.00 | 0.23 | 0.00 | 0.00 | 8.17 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in First National 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.Did you try this?
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First National Corporate Management
Elected by the shareholders, the First National's board of directors comprises two types of representatives: First National inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First National's management team and ensure that shareholders' interests are well served. First National's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First National's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Philip Griffin | CIO and Sr. VP of Information Technology Division | Profile | |
| Dustin Hofeling | VP Director | Profile | |
| Roxanna Lawer | Pres CEO | Profile | |
| Denise Robinson | Sr Experience | Profile |