First Horizon Correlations
| FHN-PB Preferred Stock | USD 25.00 0.03 0.12% |
The current 90-days correlation between First Horizon and SEI Investments is 0.16 (i.e., Average diversification). The correlation of First Horizon 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 Horizon Correlation With Market
Significant diversification
The correlation between First Horizon and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Horizon and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to First Horizon 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 Horizon 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 Horizon - 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 Horizon to buy it.
Moving together with First Preferred Stock
| 0.72 | TECTP | Tectonic Financial | PairCorr |
| 0.7 | EBTC | Enterprise Bancorp | PairCorr |
| 0.8 | BANC-PF | Banc of California | PairCorr |
| 0.79 | WSBCP | WesBanco | PairCorr |
Moving against First Preferred Stock
| 0.69 | ECBK | ECB Bancorp | PairCorr |
| 0.68 | VABK | Virginia National | PairCorr |
| 0.62 | EBMT | Eagle Bancorp Montana | PairCorr |
| 0.56 | NU | Nu Holdings Aggressive Push | PairCorr |
| 0.55 | WF | Woori Financial Group Earnings Call This Week | PairCorr |
| 0.54 | VBNK | VersaBank Normal Trading | PairCorr |
| 0.51 | KB | KB Financial Group Earnings Call This Week | PairCorr |
| 0.48 | EGBN | Eagle Bancorp | PairCorr |
| 0.45 | CFG-PE | Citizens Financial | PairCorr |
| 0.44 | VBTX | Veritex Holdings | PairCorr |
| 0.41 | TFC-PO | Truist Financial | PairCorr |
| 0.73 | WAFD | Washington Federal | PairCorr |
| 0.68 | WAFDP | Washington Federal | PairCorr |
| 0.62 | FRCIL | First Republic Bank | PairCorr |
| 0.58 | KEY-PK | KeyCorp | PairCorr |
| 0.57 | KEY-PJ | KeyCorp | PairCorr |
| 0.55 | FRCHL | First Republic Bank | PairCorr |
| 0.54 | FRCCL | First Republic Bank | PairCorr |
| 0.54 | FRCKL | First Republic Bank | PairCorr |
| 0.54 | FRCML | First Republic Bank | PairCorr |
| 0.51 | WASH | Washington Trust Bancorp | PairCorr |
| 0.49 | FRCLL | First Republic Bank | PairCorr |
| 0.39 | WMPN | William Penn Bancorp | PairCorr |
| 0.38 | WABC | Westamerica Bancorporation | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between First Preferred Stock performing well and First Horizon 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 Horizon'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CODA | 2.19 | (0.03) | 0.00 | (0.08) | 0.00 | 5.83 | 14.20 | |||
| GSHD | 1.77 | 0.03 | 0.01 | 0.10 | 1.90 | 3.88 | 10.77 | |||
| MRAM | 1.92 | (0.08) | 0.00 | (0.06) | 0.00 | 4.61 | 12.15 | |||
| GGDVF | 1.25 | 0.45 | 0.00 | (0.71) | 0.00 | 1.56 | 40.45 | |||
| SEIC | 0.92 | 0.20 | 0.10 | 0.74 | 1.26 | 1.63 | 9.37 | |||
| EWBC | 1.34 | 0.10 | 0.04 | 0.24 | 1.63 | 3.04 | 14.74 | |||
| VPG | 1.61 | 0.02 | (0.02) | (0.49) | 2.09 | 3.25 | 8.41 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in First Horizon 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.Did you try this?
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First Horizon Corporate Management
| Ellen Taylor | Ex Relations | Profile | |
| David Popwell | Pres Banking | Profile | |
| Elizabeth Ardoin | EVP Officer | Profile | |
| Bryan Jordan | Chairman CEO | Profile | |
| Daryl Byrd | Advisor | Profile | |
| Charles Tuggle | Exec Counsel | Profile | |
| Tammy LoCascio | EVP COO | Profile |