First Foundation Correlations

FFWM Stock

USD 6.16 0.01 0.16%

The current 90-days correlation between First Foundation and Peoples Fin is 0.61 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Foundation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Foundation moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

First Foundation Correlation With Market

Very weak diversification

The correlation between First Foundation and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Foundation and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with First Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Foundation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private.

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

Moving together with First Stock

0.86	AX	Axos Financial	Pair Corr
0.78	BY	Byline Bancorp	Pair Corr
0.8	RF	Regions Financial	Pair Corr
0.86	VBNK	VersaBank	Pair Corr
0.86	EBMT	Eagle Bancorp Montana	Pair Corr
0.8	EFSC	Enterprise Financial	Pair Corr
0.86	EGBN	Eagle Bancorp	Pair Corr
0.69	HSBK	Halyk Bank	Pair Corr
0.76	WASH	Washington Trust Bancorp	Pair Corr
0.67	EWBC	East West Bancorp	Pair Corr
0.63	WNEB	Western New England	Pair Corr
0.81	WSBC	WesBanco	Pair Corr
0.72	WTFC	Wintrust Financial	Pair Corr
0.7	FBNC	First Bancorp	Pair Corr
0.68	FCAP	First Capital	Pair Corr
0.81	FCBC	First Community Banc	Pair Corr
0.7	FCCO	First Community	Pair Corr
0.87	FFBC	First Financial Bancorp	Pair Corr

Moving against First Stock

0.58	601997	Bank of Guiyang	Pair Corr
0.37	601658	Postal Savings Bank	Pair Corr
0.37	002142	Bank of Ningbo	Pair Corr
0.53	FRMEP	First Merchants	Pair Corr

Related Correlations Analysis

	PFIS	NRIM	FFIC	CBNK	NFBK	BHB	ACNB	MSBI	UNTY	BWB
PFIS		0.82	0.81	0.37	0.85	0.94	0.75	0.89	0.94	0.87	PFIS
NRIM	0.82		0.87	-0.12	0.56	0.84	0.96	0.75	0.81	0.74	NRIM
FFIC	0.81	0.87		0.04	0.58	0.77	0.84	0.79	0.79	0.66	FFIC
CBNK	0.37	-0.12	0.04		0.67	0.37	-0.21	0.45	0.32	0.38	CBNK
NFBK	0.85	0.56	0.58	0.67		0.87	0.48	0.84	0.87	0.88	NFBK
BHB	0.94	0.84	0.77	0.37	0.87		0.77	0.91	0.92	0.91	BHB
ACNB	0.75	0.96	0.84	-0.21	0.48	0.77		0.68	0.78	0.69	ACNB
MSBI	0.89	0.75	0.79	0.45	0.84	0.91	0.68		0.89	0.82	MSBI
UNTY	0.94	0.81	0.79	0.32	0.87	0.92	0.78	0.89		0.93	UNTY
BWB	0.87	0.74	0.66	0.38	0.88	0.91	0.69	0.82	0.93		BWB
	PFIS	NRIM	FFIC	CBNK	NFBK	BHB	ACNB	MSBI	UNTY	BWB

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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

ACNB	+ 0.96	NRIM
BHB	+ 0.94	PFIS
UNTY	+ 0.94	PFIS
BWB	+ 0.93	UNTY
UNTY	+ 0.92	BHB
MSBI	+ 0.91	BHB

High negative correlations

ACNB	- 0.21	CBNK
CBNK	- 0.12	NRIM

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Foundation 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 Foundation'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
PFIS	1.30	(0.07)	(0.04)	0.00	1.78	(1.27)	3.04	(2.33)	9.46
NRIM	1.68	0.21	0.13	0.21	1.75	(1.95)	4.20	(2.99)	10.29
FFIC	1.61	0.29	0.15	0.34	1.70	(1.99)	4.23	(1.78)	10.52
CBNK	1.06	(0.24)	0.00	(0.20)	0.00	0.00	2.67	(2.88)	6.99
NFBK	1.45	(0.05)	(0.01)	0.03	1.94	(1.55)	3.24	(3.20)	9.28
BHB	1.33	(0.02)	(0.01)	0.05	1.73	(1.39)	3.07	(2.99)	8.17
ACNB	1.21	0.15	0.07	0.41	1.27	(1.32)	2.45	(2.48)	6.18
MSBI	1.91	0.29	0.12	0.33	2.09	(2.12)	5.98	(2.56)	14.42
UNTY	1.46	0.00	0.00	0.07	1.94	(1.59)	3.47	(3.14)	11.20
BWB	1.49	(0.01)	0.01	0.06	1.71	(1.63)	3.64	(2.86)	9.89

First Foundation Corporate Management

Keller CFP	Ex Chairman	Profile
CTFA CFP	Executive Services	Profile
CFP CPA	Managing Planning	Profile
Allan Gomez	Senior Banker	Profile
Kelly Rentzel	Gen VP	Profile
Tyler Resh	Director Strategy	Profile

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