First Bancshares, Correlations

FBMS Stock

USD 37.46 0.57 1.55%

The current 90-days correlation between First Bancshares, and Banco Bradesco SA is 0.12 (i.e., Average diversification). The correlation of First Bancshares, 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. If the correlation is 0, the equities are not correlated; they are entirely random.

First Bancshares, Correlation With Market

Poor diversification

The correlation between The First Bancshares, and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The First Bancshares, and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in The First Bancshares,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with First Stock

0.98	AX	Axos Financial	Pair Corr
0.97	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.94	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.9	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.78	VBNK	VersaBank Normal Trading	Pair Corr
0.84	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.63	TECTP	Tectonic Financial	Pair Corr
0.86	EBTC	Enterprise Bancorp	Pair Corr
0.97	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.84	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.98	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.68	WAFD	Washington Federal	Pair Corr
0.92	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.91	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.68	ESSA	ESSA Bancorp	Pair Corr
0.65	EVBN	Evans Bancorp	Pair Corr
0.86	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.72	WMPN	William Penn Bancorp	Pair Corr

Moving against First Stock

0.52	CFG-PE	Citizens Financial	Pair Corr
0.49	TFC-PO	Truist Financial	Pair Corr
0.48	TFC-PR	Truist Financial	Pair Corr
0.36	WF	Woori Financial Group	Pair Corr
0.34	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	BBD	ITUB	BSBR	WAL	CMA	KEY	TFC	ZION	HBAN	USB
BBD		0.8	0.92	-0.72	-0.91	-0.84	-0.67	-0.84	-0.87	-0.81	BBD
ITUB	0.8		0.92	-0.59	-0.82	-0.76	-0.64	-0.81	-0.82	-0.84	ITUB
BSBR	0.92	0.92		-0.69	-0.91	-0.82	-0.65	-0.84	-0.88	-0.84	BSBR
WAL	-0.72	-0.59	-0.69		0.84	0.83	0.69	0.73	0.8	0.74	WAL
CMA	-0.91	-0.82	-0.91	0.84		0.93	0.76	0.91	0.94	0.91	CMA
KEY	-0.84	-0.76	-0.82	0.83	0.93		0.92	0.97	0.98	0.91	KEY
TFC	-0.67	-0.64	-0.65	0.69	0.76	0.92		0.92	0.9	0.84	TFC
ZION	-0.84	-0.81	-0.84	0.73	0.91	0.97	0.92		0.98	0.94	ZION
HBAN	-0.87	-0.82	-0.88	0.8	0.94	0.98	0.9	0.98		0.94	HBAN
USB	-0.81	-0.84	-0.84	0.74	0.91	0.91	0.84	0.94	0.94		USB
	BBD	ITUB	BSBR	WAL	CMA	KEY	TFC	ZION	HBAN	USB

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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

HBAN	+ 0.98	KEY
HBAN	+ 0.98	ZION
ZION	+ 0.97	KEY
HBAN	+ 0.94	CMA
USB	+ 0.94	ZION
USB	+ 0.94	HBAN

High negative correlations

CMA	- 0.91	BSBR
CMA	- 0.91	BBD
HBAN	- 0.88	BSBR
HBAN	- 0.87	BBD
USB	- 0.84	BSBR
ZION	- 0.84	BSBR

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Bancshares, 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 Bancshares,'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
BBD	1.28	(0.27)	0.00	(1.66)	0.00	0.00	2.33	(2.83)	7.65
ITUB	1.13	(0.24)	0.00	(0.72)	0.00	0.00	1.84	(2.89)	5.69
BSBR	1.11	(0.43)	0.00	(0.81)	0.00	0.00	1.79	(3.17)	6.70
WAL	1.91	0.03	0.08	0.11	2.11	(2.37)	4.19	(3.17)	19.53
CMA	1.47	0.17	0.15	0.18	1.41	(1.62)	3.53	(2.64)	14.10
KEY	1.42	0.03	0.11	0.11	1.35	(1.65)	3.06	(2.54)	19.76
TFC	1.22	0.00	0.06	0.10	1.18	(1.45)	2.26	(2.46)	12.77
ZION	1.67	0.12	0.15	0.15	1.49	(1.93)	3.62	(2.89)	20.65
HBAN	1.27	0.18	0.25	0.19	0.84	(1.68)	2.87	(2.28)	14.20
USB	1.33	0.10	0.12	0.15	1.19	(1.61)	2.86	(2.31)	10.98

First Bancshares, Corporate Management

CPA CPA	Ex CFO	Profile
David Bush	A First	Profile
Wade Neth	First Region	Profile
Ray Wesson	A First	Profile
Carol Daniel	A First	Profile
Chris Ryals	Ex COO	Profile

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