First Hawaiian Correlations

FHB Stock

USD 26.54 0.16 0.61%

The current 90-days correlation between First Hawaiian and BankUnited is 0.74 (i.e., Poor diversification). The correlation of First Hawaiian 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 Hawaiian Correlation With Market

Very poor diversification

The correlation between First Hawaiian and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Hawaiian 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 Hawaiian. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For information on how to trade First Stock refer to our How to Trade First Stock guide.

Moving together with First Stock

0.84	BIRG	Bank of Ireland	Pair Corr
0.93	AX	Axos Financial	Pair Corr
0.74	FFIN	First Financial Bank	Pair Corr
0.89	ASB	Associated Banc Corp	Pair Corr
0.84	CPF	Central Pacific Financial Normal Trading	Pair Corr
0.83	FSFG	First Savings Financial Earnings Call This Week	Pair Corr
0.95	HWC	Hancock Whitney Corp	Pair Corr
0.65	FUNC	First United Earnings Call This Week	Pair Corr
0.91	FVCB	FVCBankcorp	Pair Corr
0.7	WBCPM	Westpac Banking	Pair Corr
0.9	MCB	Metropolitan Bank Holding	Pair Corr
0.94	MTB	MT Bank	Pair Corr
0.91	WBS	Webster Financial Buyout Trend	Pair Corr
0.85	HFWA	Heritage Financial	Pair Corr
0.73	IBOC	International Bancshares	Pair Corr
0.92	ISTR	Investar Holding Corp	Pair Corr
0.86	LCNB	LCNB	Pair Corr
0.83	OVLY	Oak Valley Bancorp	Pair Corr
0.78	MBLPD	Macquarie Bank	Pair Corr
0.91	VBNK	VersaBank	Pair Corr
0.86	BFL	BSP Financial Group	Pair Corr
0.86	SFBS	ServisFirst Bancshares	Pair Corr
0.83	AROW	Arrow Financial Normal Trading	Pair Corr
0.92	TCBI	Texas Capital Bancshares	Pair Corr
0.87	BPRN	Bank Of Princeton	Pair Corr
0.79	TFSL	TFS Financial	Pair Corr
0.79	BWFG	Bankwell Financial	Pair Corr
0.88	CADE	Cadence Bancorp	Pair Corr

Moving against First Stock

0.83	3YB	Postal Savings Bank	Pair Corr
0.47	BBC	BNK Banking	Pair Corr
0.35	BKLRF	Berkeley Energy	Pair Corr

Related Correlations Analysis

	BKU	CATY	WSFS	FBP	CBU	FULT	TBBK	WSBC	BOH
BKU		0.95	0.8	0.86	0.95	0.95	0.42	0.95	0.92	BKU
CATY	0.95		0.78	0.88	0.93	0.94	0.39	0.97	0.88	CATY
WSFS	0.8	0.78		0.84	0.8	0.8	0.07	0.79	0.85	WSFS
FBP	0.86	0.88	0.84		0.9	0.95	0.34	0.93	0.94	FBP
CBU	0.95	0.93	0.8	0.9		0.94	0.43	0.94	0.95	CBU
FULT	0.95	0.94	0.8	0.95	0.94		0.46	0.98	0.96	FULT
TBBK	0.42	0.39	0.07	0.34	0.43	0.46		0.44	0.4	TBBK
WSBC	0.95	0.97	0.79	0.93	0.94	0.98	0.44		0.93	WSBC
BOH	0.92	0.88	0.85	0.94	0.95	0.96	0.4	0.93		BOH
	BKU	CATY	WSFS	FBP	CBU	FULT	TBBK	WSBC	BOH

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Hawaiian 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 Hawaiian'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
BKU	1.20	0.31	0.22	0.35	1.08	(1.51)	3.44	(1.47)	13.69
CATY	1.15	0.18	0.13	0.25	1.18	(1.36)	3.14	(1.80)	8.56
WSFS	1.22	0.35	0.25	0.52	0.96	(1.46)	2.96	(1.40)	8.78
FBP	1.20	0.24	0.15	0.35	1.18	(1.32)	2.84	(2.17)	9.39
CBU	1.20	0.18	0.15	0.22	1.05	(1.46)	2.35	(1.63)	8.66
FULT	1.28	0.28	0.20	0.27	1.10	(1.52)	3.01	(1.65)	8.73
TBBK	1.98	(0.41)	0.00	(0.16)	0.00	0.00	4.40	(4.55)	20.77
WSBC	1.23	0.27	0.18	0.28	1.28	(1.43)	2.95	(1.68)	9.48
BOH	1.15	0.20	0.16	0.23	1.15	(1.43)	2.56	(1.52)	8.71

First Hawaiian Corporate Management

Gina Anonuevo	Executive Officer	Profile
Christopher Dods	Vice COO	Profile
Iris Matsumoto	Ex Officer	Profile
JD Esq	General Group	Profile
Lea Nakamura	Executive Group	Profile

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