First Capital Correlations

FCAP Stock

USD 32.78 0.31 0.95%

The current 90-days correlation between First Capital and Fifth Third Bancorp is 0.03 (i.e., Significant diversification). The correlation of First Capital 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 Capital Correlation With Market

Significant diversification

The correlation between First Capital and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Capital 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 First Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

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

Moving together with First Stock

0.65	ECBK	ECB Bancorp	Pair Corr
0.69	CFG-PH	Citizens Financial Group,	Pair Corr
0.64	KEY-PJ	KeyCorp	Pair Corr
0.73	KEY-PK	KeyCorp	Pair Corr
0.71	KEY-PL	KeyCorp	Pair Corr
0.78	WAFDP	Washington Federal	Pair Corr
0.67	TFINP	Triumph Financial	Pair Corr

Moving against First Stock

0.76	FRCIL	First Republic Bank	Pair Corr
0.65	WBBW	Westbury Bancorp	Pair Corr
0.63	FRCHL	First Republic Bank	Pair Corr
0.62	FRCCL	First Republic Bank	Pair Corr
0.61	FRCKL	First Republic Bank	Pair Corr
0.43	WAFD	Washington Federal	Pair Corr

Related Correlations Analysis

	FITB	ZION	HBAN	PNC	CMA	MTB	WAL
FITB		0.94	0.97	0.97	0.96	0.96	0.89	FITB
ZION	0.94		0.98	0.96	0.92	0.94	0.75	ZION
HBAN	0.97	0.98		0.99	0.94	0.96	0.81	HBAN
PNC	0.97	0.96	0.99		0.95	0.95	0.83	PNC
CMA	0.96	0.92	0.94	0.95		0.97	0.85	CMA
MTB	0.96	0.94	0.96	0.95	0.97		0.79	MTB
WAL	0.89	0.75	0.81	0.83	0.85	0.79		WAL
	FITB	ZION	HBAN	PNC	CMA	MTB	WAL

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Capital 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 Capital'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
FITB	1.09	0.05	0.10	0.15	0.97	(1.21)	2.39	(2.01)	10.60
ZION	1.69	0.08	0.15	0.15	1.49	(1.97)	3.62	(2.89)	20.65
HBAN	1.26	0.13	0.22	0.18	0.85	(1.66)	2.87	(2.28)	14.20
PNC	1.15	0.11	0.16	0.19	0.87	(1.44)	2.54	(1.97)	9.52
CMA	1.50	0.18	0.17	0.21	1.36	(1.66)	3.53	(2.64)	14.10
MTB	1.39	0.23	0.27	0.24	0.83	(1.71)	3.41	(1.59)	16.03
WAL	1.95	0.01	0.08	0.12	2.13	(2.45)	4.19	(3.17)	19.53

First Capital Corporate Management

Joseph Mahuron	Chief Officer	Profile
Angie Jett	Chief Officer	Profile
Jeff Thomas	Director Bank	Profile
Jennifer Incantalupo	Chief Officer	Profile
Terri Vorbrink	Human Manager	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC