First Citizens Correlations

FCNCP Preferred Stock

USD 23.46 0.37 1.60%

The current 90-days correlation between First Citizens BancShares and Fulton Financial is 0.3 (i.e., Weak diversification). The correlation of First Citizens 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 Citizens Correlation With Market

Average diversification

The correlation between First Citizens BancShares and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Citizens BancShares and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to First Citizens 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 Citizens 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 Citizens - 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 Citizens BancShares to buy it.

Moving together with First Preferred Stock

0.72	CFG-PH	Citizens Financial Group,	Pair Corr
0.67	KEY-PI	KeyCorp	Pair Corr
0.65	KEY-PJ	KeyCorp	Pair Corr
0.7	KEY-PK	KeyCorp	Pair Corr
0.7	KEY-PL	KeyCorp	Pair Corr
0.87	WAFDP	Washington Federal	Pair Corr
0.74	TFINP	Triumph Financial	Pair Corr

Moving against First Preferred Stock

0.71	FRCIL	First Republic Bank	Pair Corr
0.65	WBBW	Westbury Bancorp	Pair Corr
0.57	FRCHL	First Republic Bank	Pair Corr
0.56	FRCCL	First Republic Bank	Pair Corr
0.55	FRCKL	First Republic Bank	Pair Corr
0.55	FRCML	First Republic Bank	Pair Corr
0.51	FRCLL	First Republic Bank	Pair Corr
0.38	WAFD	Washington Federal	Pair Corr
0.33	WNEB	Western New England Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	FITBO	DCOMP	FITBP	NTRSO	FULTP
FITBO		0.86	0.68	0.6	0.87	FITBO
DCOMP	0.86		0.71	0.71	0.75	DCOMP
FITBP	0.68	0.71		0.77	0.5	FITBP
NTRSO	0.6	0.71	0.77		0.48	NTRSO
FULTP	0.87	0.75	0.5	0.48		FULTP
	FITBO	DCOMP	FITBP	NTRSO	FULTP

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Risk-Adjusted Indicators

There is a big difference between First Preferred Stock performing well and First Citizens 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 Citizens' 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
FITBO	0.67	0.15	0.06	0.96	0.63	(0.77)	1.46	(1.25)	4.37
DCOMP	0.83	0.10	0.00	0.57	1.11	(0.81)	1.65	(2.12)	4.78
FITBP	0.42	0.03	(0.12)	0.36	0.53	(0.42)	1.12	(1.07)	2.87
NTRSO	0.70	0.01	(0.11)	(0.01)	1.03	(0.65)	1.53	(1.77)	5.86
FULTP	0.80	0.14	0.06	0.45	0.83	(0.85)	1.71	(1.58)	4.37

Be your own money manager

Our tools can tell you how much better you can do entering a position in First Citizens 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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First Citizens Corporate Management

Matthew Martin	Chief Sec	Profile
Frank Holding	Chairman CEO	Profile
Jeffery Ward	Chief Officer	Profile
Hope Bryant	Vice Exec	Profile
Lorie Rupp	Chief Officer	Profile
Deanna Hart	VP Relations	Profile
West Ludwig	Ex Officer	Profile

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