First Of Correlations

FLIC Stock

USD 13.79 0.23 1.70%

The current 90-days correlation between First of Long and Great Southern Bancorp is 0.78 (i.e., Poor diversification). The correlation of First Of 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 Of Correlation With Market

Modest diversification

The correlation between First of Long and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First of Long 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 of Long. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with First Stock

0.87	AX	Axos Financial	Pair Corr
0.88	BY	Byline Bancorp	Pair Corr
0.63	KB	KB Financial Group	Pair Corr
0.63	NU	Nu Holdings Aggressive Push	Pair Corr
0.82	PB	Prosperity Bancshares	Pair Corr
0.87	RF	Regions Financial	Pair Corr
0.79	WF	Woori Financial Group	Pair Corr
0.83	VABK	Virginia National	Pair Corr
0.86	VBNK	VersaBank Normal Trading	Pair Corr
0.9	VBTX	Veritex Holdings	Pair Corr
0.81	TFC-PI	Truist Financial	Pair Corr
0.64	TFC-PO	Truist Financial	Pair Corr
0.89	EBMT	Eagle Bancorp Montana	Pair Corr
0.64	CFG-PE	Citizens Financial	Pair Corr
0.75	EFSC	Enterprise Financial	Pair Corr
0.92	EGBN	Eagle Bancorp	Pair Corr
0.78	KEY-PJ	KeyCorp	Pair Corr
0.82	KEY-PK	KeyCorp	Pair Corr
0.88	WABC	Westamerica Bancorporation	Pair Corr
0.78	WAFD	Washington Federal	Pair Corr
0.9	WASH	Washington Trust Bancorp	Pair Corr
0.94	EQBK	Equity Bancshares,	Pair Corr
0.91	WMPN	William Penn Bancorp	Pair Corr

Moving against First Stock

0.7	VBFC	Village Bank	Pair Corr
0.33	TECTP	Tectonic Financial	Pair Corr
0.32	DB	Deutsche Bank AG	Pair Corr

Related Correlations Analysis

	GSBC	LBC	EBTC	HBCP	CWBC	FCCO	AFBI	FNWD	NFBK	LNKB
GSBC		0.0	0.14	0.61	0.84	0.49	0.58	0.58	0.85	0.67	GSBC
LBC	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	LBC
EBTC	0.14	0.0		0.15	-0.03	0.46	-0.37	-0.61	-0.23	0.37	EBTC
HBCP	0.61	0.0	0.15		0.69	0.82	0.36	0.3	0.73	0.25	HBCP
CWBC	0.84	0.0	-0.03	0.69		0.63	0.66	0.62	0.84	0.6	CWBC
FCCO	0.49	0.0	0.46	0.82	0.63		0.19	0.02	0.43	0.35	FCCO
AFBI	0.58	0.0	-0.37	0.36	0.66	0.19		0.85	0.68	0.41	AFBI
FNWD	0.58	0.0	-0.61	0.3	0.62	0.02	0.85		0.74	0.28	FNWD
NFBK	0.85	0.0	-0.23	0.73	0.84	0.43	0.68	0.74		0.37	NFBK
LNKB	0.67	0.0	0.37	0.25	0.6	0.35	0.41	0.28	0.37		LNKB
	GSBC	LBC	EBTC	HBCP	CWBC	FCCO	AFBI	FNWD	NFBK	LNKB

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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

NFBK	+ 0.85	GSBC
FNWD	+ 0.85	AFBI
CWBC	+ 0.84	GSBC
NFBK	+ 0.84	CWBC
FCCO	+ 0.82	HBCP
NFBK	+ 0.74	FNWD

High negative correlations

FNWD	- 0.61	EBTC
AFBI	- 0.37	EBTC
NFBK	- 0.23	EBTC
CWBC	- 0.03	EBTC
LNKB	- 0.0	LBC
NFBK	- 0.0	LBC

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Of 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 Of'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
GSBC	1.47	0.07	0.02	0.19	1.86	(1.57)	2.62	(2.97)	19.07
LBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBTC	1.90	0.49	0.28	0.75	1.36	(2.70)	3.87	(2.82)	22.60
HBCP	1.51	0.11	0.05	0.22	1.77	(1.69)	3.14	(2.38)	14.40
CWBC	1.14	0.02	(0.01)	0.12	1.37	(1.22)	2.53	(2.16)	11.26
FCCO	1.14	0.12	0.05	0.31	1.30	(1.27)	3.03	(1.98)	8.92
AFBI	0.97	(0.24)	0.00	(0.62)	0.00	0.00	2.48	(1.63)	22.47
FNWD	1.00	(0.27)	0.00	(0.97)	0.00	0.00	2.12	(2.54)	8.51
NFBK	1.80	0.02	0.00	0.12	1.77	(2.38)	3.65	(2.58)	23.59
LNKB	1.54	0.00	(0.01)	0.08	1.71	(1.71)	3.44	(2.98)	10.93

First Of Corporate Management

CPA CPA	Ex Officer	Profile
Tanweer Esq	Executive Officer	Profile
Robert Colosa	Senior Auditor	Profile
Maria CPA	Senior Controls	Profile

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