First Bancorp Correlations

The current 90-days correlation between First Bancorp and Crazy Woman Creek is 0.02 (i.e., Significant 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.

First Bancorp Correlation With Market

Very weak diversification

The correlation between First Bancorp of and DJI is 0.58 (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 of and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to First Bancorp 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 Bancorp 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 Bancorp - 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 Bancorp of to buy it.

Moving together with First Pink Sheet

0.65	SGIOF	Shionogi	Pair Corr
0.66	MZDAF	Mazda Motor Earnings Call Tomorrow	Pair Corr
0.77	ARE	Alexandria Real Estate	Pair Corr
0.71	INTC	Intel	Pair Corr
0.74	CVX	Chevron Corp	Pair Corr
0.66	CAT	Caterpillar	Pair Corr

Moving against First Pink Sheet

0.6	HPQ	HP Inc	Pair Corr
0.57	DSKYF	Daiichi Sankyo	Pair Corr
0.55	SZKMF	Suzuki Motor	Pair Corr
0.52	MSFT	Microsoft	Pair Corr
0.4	MMM	3M Company	Pair Corr
0.38	OPHLF	Ono Pharmaceutical	Pair Corr

Related Correlations Analysis

	CRZY	LOGN	FIBH	SNNF	MKIN	WVFC	CBHC	MSBB	PFSB	CIBN
CRZY		-0.36	-0.37	-0.31	-0.14	-0.39	0.0	-0.28	-0.5	-0.27	CRZY
LOGN	-0.36		0.29	0.06	0.04	-0.37	0.0	-0.11	0.18	0.5	LOGN
FIBH	-0.37	0.29		0.86	0.79	0.35	0.0	0.59	0.82	-0.38	FIBH
SNNF	-0.31	0.06	0.86		0.86	0.51	0.0	0.76	0.87	-0.52	SNNF
MKIN	-0.14	0.04	0.79	0.86		0.31	0.0	0.6	0.69	-0.56	MKIN
WVFC	-0.39	-0.37	0.35	0.51	0.31		0.0	0.66	0.63	-0.33	WVFC
CBHC	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CBHC
MSBB	-0.28	-0.11	0.59	0.76	0.6	0.66	0.0		0.84	-0.3	MSBB
PFSB	-0.5	0.18	0.82	0.87	0.69	0.63	0.0	0.84		-0.21	PFSB
CIBN	-0.27	0.5	-0.38	-0.52	-0.56	-0.33	0.0	-0.3	-0.21		CIBN
	CRZY	LOGN	FIBH	SNNF	MKIN	WVFC	CBHC	MSBB	PFSB	CIBN

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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

PFSB	+ 0.87	SNNF
SNNF	+ 0.86	FIBH
MKIN	+ 0.86	SNNF
PFSB	+ 0.84	MSBB
PFSB	+ 0.82	FIBH
MKIN	+ 0.79	FIBH

High negative correlations

CIBN	- 0.56	MKIN
CIBN	- 0.52	SNNF
PFSB	- 0.5	CRZY
WVFC	- 0.39	CRZY
CIBN	- 0.38	FIBH
WVFC	- 0.37	LOGN

Risk-Adjusted Indicators

There is a big difference between First Pink Sheet 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
CRZY	0.44	(0.08)	0.00	(0.10)	0.00	0.00	1.18	(1.17)	7.55
LOGN	0.64	0.06	0.00	0.34	1.01	(1.15)	1.57	(1.09)	9.11
FIBH	0.94	0.41	0.19	(2.17)	0.00	(4.04)	1.97	(0.76)	21.68
SNNF	0.69	0.10	0.02	4.45	0.67	(0.86)	2.09	(1.08)	5.47
MKIN	0.43	0.11	0.00	1.22	0.00	0.00	1.52	(0.76)	7.23
WVFC	1.00	0.30	0.09	1.76	1.18	(1.57)	3.66	(1.86)	10.36
CBHC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSBB	0.24	0.11	0.00	(0.52)	0.00	0.00	1.23	(0.19)	2.60
PFSB	0.72	0.39	0.31	(1.73)	0.00	(1.07)	1.82	(0.68)	8.65
CIBN	1.30	0.13	0.00	(0.15)	2.01	(4.49)	4.35	(3.93)	23.66

Be your own money manager

Our tools can tell you how much better you can do entering a position in First Bancorp 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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