First Bancorp Correlations

FBP Stock

USD 21.25 0.03 0.14%

The current 90-days correlation between First Bancorp and Fulton Financial is -0.17 (i.e., Good diversification). The correlation of First Bancorp 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 Bancorp Correlation With Market

Very weak diversification

The correlation between First Bancorp and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with First Stock

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

To learn how to invest in First Stock, please use our How to Invest in First Bancorp guide.

Moving together with First Stock

0.66	EBMT	Eagle Bancorp Montana	Pair Corr
0.74	FFBC	First Financial Bancorp	Pair Corr
0.65	PFS	Provident Financial	Pair Corr
0.65	WAL	Western Alliance Ban	Pair Corr
0.73	GSBC	Great Southern Bancorp	Pair Corr
0.74	HBAN	Huntington Bancshares Normal Trading	Pair Corr
0.83	INBK	First Internet Bancorp	Pair Corr
0.67	MCBS	MetroCity Bankshares	Pair Corr
0.7	MGYR	Magyar Bancorp	Pair Corr
0.66	VBNK	VersaBank	Pair Corr
0.63	PNBK	Patriot National Bancorp	Pair Corr
0.67	PNFP	Pinnacle Financial	Pair Corr
0.82	RMBI	Richmond Mutual Banc	Pair Corr
0.69	AFBI	Affinity Bancshares	Pair Corr
0.69	SPFI	South Plains Financial	Pair Corr
0.69	BOKF	BOK Financial	Pair Corr

Moving against First Stock

0.6	601658	Postal Savings Bank	Pair Corr
0.33	LDI	Loandepot	Pair Corr
0.59	601665	Qilu Bank	Pair Corr
0.36	SBID	State Bank	Pair Corr
0.61	PBCRF	PT Bank Central	Pair Corr
0.51	CMWCF	Cromwell Property	Pair Corr
0.5	BKRKF	PT Bank Rakyat	Pair Corr
0.41	CICHF	China Construction Bank	Pair Corr

Related Correlations Analysis

	FULT	CATY	BKU	FHB	RNST	ASB	WSBC	WBS	WSFS	FIBK
FULT		0.81	0.81	0.78	0.79	0.8	0.9	0.97	0.76	0.81	FULT
CATY	0.81		0.75	0.86	0.96	0.93	0.94	0.85	0.89	0.87	CATY
BKU	0.81	0.75		0.76	0.66	0.79	0.77	0.87	0.82	0.69	BKU
FHB	0.78	0.86	0.76		0.79	0.85	0.79	0.81	0.93	0.96	FHB
RNST	0.79	0.96	0.66	0.79		0.92	0.95	0.8	0.81	0.81	RNST
ASB	0.8	0.93	0.79	0.85	0.92		0.92	0.82	0.88	0.84	ASB
WSBC	0.9	0.94	0.77	0.79	0.95	0.92		0.9	0.82	0.81	WSBC
WBS	0.97	0.85	0.87	0.81	0.8	0.82	0.9		0.8	0.83	WBS
WSFS	0.76	0.89	0.82	0.93	0.81	0.88	0.82	0.8		0.9	WSFS
FIBK	0.81	0.87	0.69	0.96	0.81	0.84	0.81	0.83	0.9		FIBK
	FULT	CATY	BKU	FHB	RNST	ASB	WSBC	WBS	WSFS	FIBK

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Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Bancorp 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 Bancorp'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
FULT	1.31	0.13	0.03	0.51	1.73	(1.43)	3.20	(2.77)	8.44
CATY	1.22	(0.06)	(0.02)	0.04	1.95	(1.28)	3.14	(2.03)	10.95
BKU	1.28	0.18	0.09	0.23	2.02	(1.40)	2.75	(1.76)	12.01
FHB	1.22	0.04	0.04	0.11	1.50	(1.33)	2.72	(2.46)	8.02
RNST	1.10	(0.11)	(0.05)	0.00	1.87	(1.10)	2.49	(3.57)	10.16
ASB	1.25	(0.04)	0.00	0.06	1.81	(1.43)	3.48	(3.10)	9.59
WSBC	1.34	0.01	0.02	0.10	1.98	(1.40)	2.95	(2.73)	11.73
WBS	1.22	0.16	0.04	2.81	1.91	(1.29)	3.07	(2.15)	11.02
WSFS	1.12	(0.01)	0.00	0.08	1.63	(1.15)	2.70	(1.84)	8.47
FIBK	1.44	0.14	0.09	0.17	1.82	(1.59)	3.48	(3.17)	10.49

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