First Community Correlations

FCCO Stock

USD 25.05 0.11 0.44%

The current 90-days correlation between First Community and Community West Bancshares is 0.57 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Community moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Community moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

First Community Correlation With Market

Very weak diversification

The correlation between First Community and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Community 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 Community. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

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

Moving together with First Stock

0.85	AX	Axos Financial	Pair Corr
0.84	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.87	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.89	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.66	VABK	Virginia National	Pair Corr
0.9	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.92	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.76	TECTP	Tectonic Financial	Pair Corr
0.78	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.87	EBTC	Enterprise Bancorp	Pair Corr
0.69	ECBK	ECB Bancorp	Pair Corr
0.91	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.91	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.63	KEY-PJ	KeyCorp	Pair Corr
0.62	KEY-PK	KeyCorp	Pair Corr
0.64	KEY-PL	KeyCorp	Pair Corr
0.9	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.92	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.7	BANC-PF	Banc of California	Pair Corr
0.93	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.79	ESSA	ESSA Bancorp	Pair Corr
0.78	EVBN	Evans Bancorp	Pair Corr
0.93	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.75	WSBCP	WesBanco	Pair Corr
0.81	WMPN	William Penn Bancorp	Pair Corr

Moving against First Stock

0.51	WF	Woori Financial Group	Pair Corr
0.47	TFC-PO	Truist Financial	Pair Corr
0.46	CFG-PE	Citizens Financial	Pair Corr
0.45	TFC-PR	Truist Financial	Pair Corr
0.38	FRCIL	First Republic Bank	Pair Corr

Related Correlations Analysis

	CWBC	FFNW	FNWB	HFBL	HMNF	FCAP	OFED	CULL	HVBC
CWBC		-0.18	0.53	-0.04	0.23	-0.61	0.28	-0.23	0.25	CWBC
FFNW	-0.18		0.29	-0.06	-0.03	0.02	0.08	0.01	-0.37	FFNW
FNWB	0.53	0.29		0.02	0.12	-0.59	0.46	-0.11	-0.12	FNWB
HFBL	-0.04	-0.06	0.02		-0.12	0.12	-0.16	0.11	0.03	HFBL
HMNF	0.23	-0.03	0.12	-0.12		0.0	-0.34	-0.5	0.4	HMNF
FCAP	-0.61	0.02	-0.59	0.12	0.0		-0.55	0.0	0.24	FCAP
OFED	0.28	0.08	0.46	-0.16	-0.34	-0.55		0.36	-0.25	OFED
CULL	-0.23	0.01	-0.11	0.11	-0.5	0.0	0.36		-0.54	CULL
HVBC	0.25	-0.37	-0.12	0.03	0.4	0.24	-0.25	-0.54		HVBC
	CWBC	FFNW	FNWB	HFBL	HMNF	FCAP	OFED	CULL	HVBC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

FNWB	+ 0.53	CWBC
OFED	+ 0.46	FNWB
HVBC	+ 0.4	HMNF
CULL	+ 0.36	OFED
FNWB	+ 0.29	FFNW
OFED	+ 0.28	CWBC

High negative correlations

FCAP	- 0.61	CWBC
FCAP	- 0.59	FNWB
OFED	- 0.55	FCAP
HVBC	- 0.54	CULL
CULL	- 0.5	HMNF
HVBC	- 0.37	FFNW

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Community 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 Community'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
CWBC	1.07	0.04	0.06	0.15	1.07	(1.19)	2.64	(2.16)	9.14
FFNW	0.63	(0.01)	(0.12)	0.08	0.76	(0.68)	1.65	(1.13)	4.32
FNWB	1.60	0.07	0.02	0.23	1.70	(1.81)	4.11	(2.82)	14.21
HFBL	1.73	(0.02)	(0.01)	0.09	2.43	(3.09)	3.82	(4.31)	21.70
HMNF	1.88	0.44	0.12	(1.02)	1.85	(2.37)	4.29	(3.19)	13.15
FCAP	1.76	0.08	(0.01)	0.49	1.89	(2.34)	6.22	(3.53)	14.42
OFED	2.13	(0.22)	0.00	1.42	0.00	0.00	3.48	(5.28)	12.66
CULL	0.51	(0.10)	0.00	0.95	0.00	0.00	1.18	(1.64)	4.73
HVBC	1.51	0.38	0.08	(0.95)	2.03	(1.59)	2.68	(4.11)	18.63

First Community Corporate Management

John IV	Executive Officer	Profile
Susan Sexson	Assistant Region	Profile
Joseph Painter	Executive Officer	Profile
Robin Brown	Chief Officer	Profile
John Nissen	Executive Officer	Profile
Steve Sligh	Consultant	Profile
Vaughan Dozier	Executive Officer	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