First Capital Correlations

FCAP Stock

USD 31.76 0.19 0.59%

The current 90-days correlation between First Capital and HMN Financial is 0.27 (i.e., Modest 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

Good diversification

The correlation between First Capital and DJI is -0.05 (i.e., Good 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

0.73	NU	Nu Holdings Buyout Trend	Pair Corr
0.66	FRCCL	First Republic Bank	Pair Corr

Moving against First Stock

0.75	EBTC	Enterprise Bancorp	Pair Corr
0.45	TECTP	Tectonic Financial	Pair Corr
0.32	DB	Deutsche Bank AG	Pair Corr
0.74	WNEB	Western New England	Pair Corr
0.69	BANC-PF	Banc of California	Pair Corr
0.65	EVBN	Evans Bancorp	Pair Corr
0.57	WSBCP	WesBanco	Pair Corr
0.43	EFSC	Enterprise Financial Normal Trading	Pair Corr
0.36	ESSA	ESSA Bancorp	Pair Corr

Related Correlations Analysis

	HMNF	HFBL	FFNW	FNWB	CWBC	HVBC	OFED	CULL	MGYR
HMNF		0.37	-0.62	-0.1	-0.19	0.4	-0.34	-0.5	0.41	HMNF
HFBL	0.37		-0.64	-0.14	-0.48	0.12	-0.59	-0.19	0.43	HFBL
FFNW	-0.62	-0.64		0.23	0.51	-0.08	0.75	0.31	-0.65	FFNW
FNWB	-0.1	-0.14	0.23		0.68	0.61	-0.04	-0.17	0.24	FNWB
CWBC	-0.19	-0.48	0.51	0.68		0.33	0.14	-0.06	0.14	CWBC
HVBC	0.4	0.12	-0.08	0.61	0.33		-0.25	-0.54	0.39	HVBC
OFED	-0.34	-0.59	0.75	-0.04	0.14	-0.25		0.36	-0.9	OFED
CULL	-0.5	-0.19	0.31	-0.17	-0.06	-0.54	0.36		-0.43	CULL
MGYR	0.41	0.43	-0.65	0.24	0.14	0.39	-0.9	-0.43		MGYR
	HMNF	HFBL	FFNW	FNWB	CWBC	HVBC	OFED	CULL	MGYR

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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

OFED	+ 0.75	FFNW
CWBC	+ 0.68	FNWB
HVBC	+ 0.61	FNWB
CWBC	+ 0.51	FFNW
MGYR	+ 0.43	HFBL
MGYR	+ 0.41	HMNF

High negative correlations

MGYR	- 0.9	OFED
MGYR	- 0.65	FFNW
FFNW	- 0.64	HFBL
FFNW	- 0.62	HMNF
OFED	- 0.59	HFBL
CULL	- 0.54	HVBC

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
HMNF	1.88	0.44	0.13	(0.82)	1.85	(2.37)	4.29	(3.19)	13.15
HFBL	1.48	0.08	(0.01)	(0.16)	2.08	(2.18)	5.67	(4.53)	13.83
FFNW	0.80	(0.12)	0.00	(0.35)	0.00	0.00	1.58	(1.74)	4.32
FNWB	1.26	(0.02)	(0.04)	0.06	1.53	(1.38)	2.98	(2.74)	8.98
CWBC	1.08	0.05	(0.02)	0.51	1.27	(1.16)	2.53	(1.95)	11.26
HVBC	1.51	0.34	0.09	43.04	2.03	(1.59)	2.68	(4.11)	18.63
OFED	2.13	(0.27)	0.00	(0.85)	0.00	0.00	3.48	(5.28)	12.66
CULL	0.51	(0.10)	0.00	0.50	0.00	0.00	1.18	(1.64)	4.73
MGYR	1.18	0.26	0.11	(10.04)	1.06	(1.58)	2.98	(2.52)	10.51

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

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