First Hawaiian Correlations

FHB Stock

USD 26.47 0.19 0.72%

The current 90-days correlation between First Hawaiian and BankUnited is 0.79 (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 weak diversification

The correlation between First Hawaiian and DJI is 0.59 (i.e., Very weak 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

0.81	BIRG	Bank of Ireland	Pair Corr
0.81	EBMT	Eagle Bancorp Montana	Pair Corr
0.89	FCAP	First Capital	Pair Corr
0.78	FFBC	First Financial Bancorp	Pair Corr
0.97	BOH	Bank of Hawaii	Pair Corr
0.94	CAC	Camden National	Pair Corr
0.95	MPB	Mid Penn Bancorp	Pair Corr
0.9	PFS	Provident Financial	Pair Corr
0.95	TFC	Truist Financial Corp	Pair Corr
0.76	WAL	Western Alliance Ban	Pair Corr
0.81	GSBC	Great Southern Bancorp	Pair Corr
0.84	HBAN	Huntington Bancshares	Pair Corr
0.85	HOMB	Home BancShares	Pair Corr
0.93	HTBK	Heritage Commerce Corp	Pair Corr
0.83	IBCP	Independent Bank	Pair Corr
0.75	601187	Xiamen Bank	Pair Corr
0.79	LSBK	Lake Shore Bancorp	Pair Corr
0.74	MCBS	MetroCity Bankshares	Pair Corr
0.86	ORRF	Orrstown Financial	Pair Corr
0.75	VBNK	VersaBank	Pair Corr
0.77	PNBK	Patriot National Bancorp	Pair Corr
0.88	PNFP	Pinnacle Financial	Pair Corr
0.93	QCRH	QCR Holdings	Pair Corr
0.61	RMBI	Richmond Mutual Banc	Pair Corr
0.77	AFBI	Affinity Bancshares	Pair Corr
0.86	SBFG	SB Financial Group	Pair Corr
0.95	SMBC	Southern Missouri Bancorp	Pair Corr
0.78	SPFI	South Plains Financial	Pair Corr
0.74	BCAL	Southern California	Pair Corr
0.87	BOKF	BOK Financial	Pair Corr

Moving against First Stock

0.65	601658	Postal Savings Bank	Pair Corr
0.65	LDI	Loandepot	Pair Corr
0.75	601665	Qilu Bank	Pair Corr
0.51	SFBC	Sound Financial Bancorp	Pair Corr
0.79	CMWCF	Cromwell Property	Pair Corr
0.58	BYFC	Broadway Financial	Pair Corr
0.32	BKRKF	PT Bank Rakyat	Pair Corr

Related Correlations Analysis

	BKU	CATY	WSFS	FBP	CBU	FULT	TBBK	WSBC	BOH
BKU		0.82	0.91	0.23	0.75	0.85	-0.31	0.76	0.92	BKU
CATY	0.82		0.87	0.67	0.92	0.91	0.07	0.96	0.82	CATY
WSFS	0.91	0.87		0.37	0.82	0.85	-0.26	0.81	0.91	WSFS
FBP	0.23	0.67	0.37		0.68	0.64	0.48	0.78	0.42	FBP
CBU	0.75	0.92	0.82	0.68		0.92	0.21	0.92	0.84	CBU
FULT	0.85	0.91	0.85	0.64	0.92		0.09	0.94	0.92	FULT
TBBK	-0.31	0.07	-0.26	0.48	0.21	0.09		0.17	-0.18	TBBK
WSBC	0.76	0.96	0.81	0.78	0.92	0.94	0.17		0.82	WSBC
BOH	0.92	0.82	0.91	0.42	0.84	0.92	-0.18	0.82		BOH
	BKU	CATY	WSFS	FBP	CBU	FULT	TBBK	WSBC	BOH

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

WSBC	+ 0.96	CATY
WSBC	+ 0.94	FULT
BOH	+ 0.92	BKU
CBU	+ 0.92	CATY
FULT	+ 0.92	CBU
WSBC	+ 0.92	CBU

High negative correlations

TBBK	- 0.31	BKU
TBBK	- 0.26	WSFS
BOH	- 0.18	TBBK

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	1.27	0.19	0.09	0.22	2.02	(1.39)	2.75	(1.76)	12.01
CATY	1.18	(0.03)	(0.01)	0.05	1.89	(1.25)	3.14	(2.03)	10.95
WSFS	1.10	0.01	0.01	0.08	1.62	(1.11)	2.70	(1.84)	8.47
FBP	1.25	(0.10)	0.00	(0.01)	0.00	0.00	2.65	(2.69)	8.67
CBU	1.14	(0.05)	(0.03)	0.03	1.41	(1.25)	2.31	(2.42)	8.57
FULT	1.31	0.04	0.04	0.10	1.73	(1.43)	3.20	(2.77)	8.44
TBBK	1.85	(0.21)	0.00	(0.02)	0.00	0.00	4.29	(3.73)	20.56
WSBC	1.33	0.02	0.02	0.09	1.98	(1.38)	2.95	(2.73)	11.73
BOH	1.07	0.05	0.04	0.12	1.42	(1.21)	2.48	(2.41)	6.96

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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