First Guaranty Correlations

Stocks . USA . 
Stock . First Guaranty Bancshares
FGBI Stock  USD 13.33  0.07  0.52%   
The current 90-days correlation between First Guaranty Bancshares and Fifth Third Bancorp is 0.22 (i.e., Modest diversification). The correlation of First Guaranty 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.

First Guaranty Correlation With Market

Average diversification

The correlation between First Guaranty Bancshares and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Guaranty Bancshares 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 Guaranty Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with First Stock

  0.74AX Axos FinancialPairCorr
  0.74BY Byline Bancorp Fiscal Year End 23rd of January 2025 PairCorr
  0.81PB Prosperity Bancshares Fiscal Year End 22nd of January 2025 PairCorr
  0.81RF Regions Financial Fiscal Year End 17th of January 2025 PairCorr
  0.74VBNK VersaBank Fiscal Year End 11th of December 2024 PairCorr
  0.7VBTX Veritex Holdings Normal TradingPairCorr
  0.69TECTP Tectonic FinancialPairCorr
  0.76EBTC Enterprise BancorpPairCorr
  0.75EFSC Enterprise Financial Fiscal Year End 27th of January 2025 PairCorr
  0.69EGBN Eagle Bancorp Fiscal Year End 22nd of January 2025 PairCorr
  0.68WABC Westamerica Bancorporation Fiscal Year End 16th of January 2025 PairCorr
  0.64BANC-PF Banc of CaliforniaPairCorr
  0.74EQBK Equity Bancshares, Fiscal Year End 22nd of January 2025 PairCorr
  0.62ESSA ESSA BancorpPairCorr
  0.69EVBN Evans BancorpPairCorr
  0.69EWBC East West Bancorp Fiscal Year End 28th of January 2025 PairCorr
  0.66WSBCP WesBancoPairCorr
  0.69WMPN William Penn BancorpPairCorr

Moving against First Stock

  0.46TFC-PO Truist FinancialPairCorr
  0.46CFG-PE Citizens FinancialPairCorr
  0.43TFC-PR Truist FinancialPairCorr
  0.36FRCIL First Republic BankPairCorr
  0.31FRCCL First Republic BankPairCorr
  0.31FRCHL First Republic BankPairCorr
  0.31FRCKL First Republic BankPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Guaranty 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 Guaranty'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.

First Guaranty Corporate Management

Gregory PrudhommeSenior LouisianaProfile
Eric CFASecretary TreasurerProfile
Michael CrossChief BankProfile
Kevin FosterSenior SpringsProfile
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