First IC Correlations

FIEB Stock

USD 20.49 0.00 0.00%

The current 90-days correlation between First IC and First Farmers and is -0.09 (i.e., Good diversification). The correlation of First IC 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 IC Correlation With Market

Good diversification

The correlation between First IC and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First IC and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to First IC 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 IC 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 IC - 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 IC to buy it.

Moving together with First Pink Sheet

0.62	IBN	ICICI Bank Limited Normal Trading	Pair Corr
0.66	JD	JD Inc Adr	Pair Corr
0.81	PG	Procter Gamble	Pair Corr
0.61	HPQ	HP Inc	Pair Corr

Moving against First Pink Sheet

0.88	VLKAF	Volkswagen AG	Pair Corr
0.88	VWAGY	Volkswagen AG 110	Pair Corr
0.87	ACN	Accenture plc	Pair Corr
0.86	VLKPF	Volkswagen AG VZO	Pair Corr
0.85	MFG	Mizuho Financial	Pair Corr
0.82	WMT	Walmart Common Stock	Pair Corr
0.76	BNPQY	BNP Paribas SA	Pair Corr
0.71	SAR	Saratoga Investment Corp	Pair Corr
0.65	CIHHF	China Merchants Bank	Pair Corr
0.42	CIHKY	China Merchants Bank	Pair Corr
0.87	FTV	Fortive Corp	Pair Corr
0.86	AA	Alcoa Corp	Pair Corr
0.77	JNJ	Johnson Johnson	Pair Corr
0.73	DD	Dupont De Nemours	Pair Corr
0.71	CSCO	Cisco Systems	Pair Corr
0.7	AXP	American Express	Pair Corr
0.67	CAT	Caterpillar	Pair Corr
0.67	MCD	McDonalds	Pair Corr
0.56	TRV	The Travelers Companies	Pair Corr
0.41	PFE	Pfizer Inc	Pair Corr
0.34	IBM	International Business	Pair Corr

Related Correlations Analysis

	FFMH	CCFN	UBAB	FXLG	EXSR	SFIGA	CBTN	PLQC	HONT	MLGF
FFMH		0.88	-0.75	0.33	0.9	0.0	0.8	-0.14	0.69	0.76	FFMH
CCFN	0.88		-0.65	0.18	0.89	0.0	0.61	-0.09	0.75	0.86	CCFN
UBAB	-0.75	-0.65		-0.35	-0.56	0.0	-0.78	-0.07	-0.47	-0.69	UBAB
FXLG	0.33	0.18	-0.35		0.21	0.0	0.4	0.22	-0.15	0.18	FXLG
EXSR	0.9	0.89	-0.56	0.21		0.0	0.59	-0.2	0.72	0.79	EXSR
SFIGA	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	SFIGA
CBTN	0.8	0.61	-0.78	0.4	0.59	0.0		-0.09	0.45	0.56	CBTN
PLQC	-0.14	-0.09	-0.07	0.22	-0.2	0.0	-0.09		-0.15	0.01	PLQC
HONT	0.69	0.75	-0.47	-0.15	0.72	0.0	0.45	-0.15		0.61	HONT
MLGF	0.76	0.86	-0.69	0.18	0.79	0.0	0.56	0.01	0.61		MLGF
	FFMH	CCFN	UBAB	FXLG	EXSR	SFIGA	CBTN	PLQC	HONT	MLGF

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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

EXSR	+ 0.9	FFMH
EXSR	+ 0.89	CCFN
CCFN	+ 0.88	FFMH
MLGF	+ 0.86	CCFN
CBTN	+ 0.8	FFMH
MLGF	+ 0.79	EXSR

High negative correlations

CBTN	- 0.78	UBAB
UBAB	- 0.75	FFMH
MLGF	- 0.69	UBAB
UBAB	- 0.65	CCFN
EXSR	- 0.56	UBAB
HONT	- 0.47	UBAB

Risk-Adjusted Indicators

There is a big difference between First Pink Sheet performing well and First IC 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 IC'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
FFMH	0.50	0.19	0.14	22.45	0.23	(0.72)	1.12	(0.80)	3.36
CCFN	0.67	0.20	0.14	(1.58)	0.49	(1.08)	1.98	(0.95)	6.93
UBAB	0.75	(0.07)	0.00	0.29	0.00	0.00	1.33	(1.79)	4.63
FXLG	0.34	(0.02)	(0.08)	(0.04)	0.47	(0.60)	0.96	(1.14)	2.58
EXSR	1.08	0.24	0.08	(0.60)	1.23	(1.41)	2.06	(2.22)	13.18
SFIGA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CBTN	0.23	0.04	0.00	0.53	0.00	0.00	1.03	0.00	4.52
PLQC	0.02	(0.01)	0.00	(0.81)	0.00	0.00	0.00	0.00	1.53
HONT	1.00	0.12	0.00	(0.11)	1.41	(1.65)	3.20	(3.10)	9.59
MLGF	1.11	0.16	0.09	0.32	1.21	(1.60)	3.56	(2.80)	12.28

First IC Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with First IC pink sheet to make a market-neutral strategy. Peer analysis of First IC could also be used in its relative valuation, which is a method of valuing First IC by comparing valuation metrics with similar companies.

First Farmers and CCFNB Bancorp United Bancorporation of FS Bancorp Exchange Bank STAR Financial Group Citizens Bancorp Investment Plains Acquisition Honat Bancorp Malaga Financial American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

First IC Corporate Management

Dong Kim	CEO Pres	Profile
Won Dong	VP Controller	Profile
Edward Briscoe	CFO VP	Profile
Jae Byun	Ex Officer	Profile
Sue Yun	Sec	Profile

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