First National Correlations

FBAK Stock

USD 301.87 3.87 1.30%

The current 90-days correlation between First National Bank and WTB Financial is 0.06 (i.e., Significant 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

Average diversification

The correlation between First National Bank and DJI is 0.15 (i.e., Average 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.

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

0.74	PTAIY	Astra International Tbk	Pair Corr
0.78	PUTKY	United Tractors Tbk	Pair Corr
0.77	CRH	CRH PLC ADR	Pair Corr
0.89	VLY	Valley National Bancorp Earnings Call This Week	Pair Corr
0.78	FSBW	FS Bancorp Earnings Call This Week	Pair Corr
0.78	ROL	Rollins	Pair Corr
0.71	NXTC	NextCure	Pair Corr
0.76	NTR	Nutrien	Pair Corr
0.74	LAR	Lithium Argentina Symbol Change	Pair Corr
0.85	PILBF	Pilbara Minerals	Pair Corr
0.86	EDVMF	Endeavour Mining Corp	Pair Corr
0.86	MFA	MFA Financial	Pair Corr
0.75	NKRKY	Nokian Tyres Plc	Pair Corr
0.67	AXP	American Express	Pair Corr
0.86	GVA	Granite Construction	Pair Corr
0.84	CHRW	CH Robinson Worldwide	Pair Corr
0.78	DVNHF	Frontier Services	Pair Corr
0.86	DTSQU	DT Cloud Star	Pair Corr
0.8	SITM	Sitime	Pair Corr

Moving against First OTC Stock

0.59	PIFMY	Indofood Sukses Makmur	Pair Corr
0.5	CNNA	Cann American Corp	Pair Corr
0.46	PTAIF	PT Astra International	Pair Corr
0.64	CNTRF	Centr Brands Corp	Pair Corr
0.51	TRRGF	Transatlantic Mining Corp	Pair Corr
0.47	ASST	Strive Asset Management	Pair Corr

Related Correlations Analysis

	WTBFB	SPXXF	FMBL	HACBY	SBNC	FMCB	HBIA	LRCDF	IHPGF
WTBFB		0.0	0.88	0.65	0.85	0.88	0.8	0.81	0.63	WTBFB
SPXXF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	SPXXF
FMBL	0.88	0.0		0.67	0.82	0.86	0.73	0.84	0.43	FMBL
HACBY	0.65	0.0	0.67		0.68	0.71	0.62	0.67	0.31	HACBY
SBNC	0.85	0.0	0.82	0.68		0.84	0.79	0.79	0.6	SBNC
FMCB	0.88	0.0	0.86	0.71	0.84		0.88	0.93	0.58	FMCB
HBIA	0.8	0.0	0.73	0.62	0.79	0.88		0.77	0.68	HBIA
LRCDF	0.81	0.0	0.84	0.67	0.79	0.93	0.77		0.41	LRCDF
IHPGF	0.63	0.0	0.43	0.31	0.6	0.58	0.68	0.41		IHPGF
	WTBFB	SPXXF	FMBL	HACBY	SBNC	FMCB	HBIA	LRCDF	IHPGF

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

LRCDF	+ 0.93	FMCB
FMBL	+ 0.88	WTBFB
FMCB	+ 0.88	WTBFB
HBIA	+ 0.88	FMCB
FMCB	+ 0.86	FMBL
SBNC	+ 0.85	WTBFB

High negative correlations

IHPGF	- 0.0	SPXXF
LRCDF	- 0.0	SPXXF
HBIA	- 0.0	SPXXF
FMCB	- 0.0	SPXXF
SBNC	- 0.0	SPXXF
HACBY	- 0.0	SPXXF

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	0.71	0.21	0.17	1.10	0.32	(1.06)	1.37	(1.33)	7.87
SPXXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FMBL	0.50	0.20	0.28	0.94	0.00	(0.80)	1.15	(0.51)	6.74
HACBY	1.41	0.42	0.00	(0.13)	0.00	0.00	0.27	(3.04)	31.60
SBNC	0.76	0.25	0.07	1.03	0.73	(1.30)	2.39	(0.06)	10.22
FMCB	0.85	0.17	0.07	2.22	0.73	(1.18)	2.26	(1.57)	6.17
HBIA	0.39	0.05	(0.01)	0.28	0.48	(1.37)	1.96	(0.92)	5.87
LRCDF	1.05	0.32	0.17	1.35	0.76	(1.67)	1.38	(1.90)	18.76
IHPGF	0.37	0.03	0.00	0.17	0.00	0.00	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.

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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.

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