First Community Correlations

FMFP Stock

USD 14.58 0.03 0.21%

The current 90-days correlation between First Community Financial and Oconee Financial is -0.02 (i.e., Good diversification). The correlation of First Community 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. If the correlation is 0, the equities are not correlated; they are entirely random.

First Community Correlation With Market

Poor diversification

The correlation between First Community Financial and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Community Financial and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with First Pink Sheet

0.64	CIHHF	China Merchants Bank	Pair Corr
0.69	MFG	Mizuho Financial	Pair Corr
0.63	ITUB	Itau Unibanco Banco Aggressive Push	Pair Corr
0.82	PNC	PNC Financial Services Sell-off Trend	Pair Corr
0.74	FRFFF	Fairfax Financial	Pair Corr
0.78	FRSB	First Resource Bank	Pair Corr
0.69	TOGOF	TomaGold	Pair Corr
0.74	GS	Goldman Sachs Group	Pair Corr
0.81	BNEFF	Bonterra Energy Corp	Pair Corr
0.62	JOE	St Joe Company	Pair Corr
0.81	MEEEF	Metal Energy Corp	Pair Corr

Moving against First Pink Sheet

0.83	EQC	Equity Commonwealth	Pair Corr
0.8	ROBOF	RoboGroup TEK	Pair Corr
0.6	CDIV	Cascadia Investments	Pair Corr
0.5	HDB	HDFC Bank Limited	Pair Corr
0.43	CIHKY	China Merchants Bank	Pair Corr
0.39	AFIIQ	Armstrong Flooring	Pair Corr
0.38	WELL	Welltower Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ALBY	OSBK	STBI	EXCH	WDFN	ANDC	WSSH	OAKV	CIZN	MFBP
ALBY		-0.59	-0.57	-0.68	-0.57	-0.31	-0.69	-0.51	-0.63	-0.47	ALBY
OSBK	-0.59		0.83	0.6	0.76	0.35	0.68	0.61	0.89	0.79	OSBK
STBI	-0.57	0.83		0.78	0.77	0.46	0.82	0.71	0.86	0.75	STBI
EXCH	-0.68	0.6	0.78		0.56	0.28	0.8	0.77	0.72	0.48	EXCH
WDFN	-0.57	0.76	0.77	0.56		0.33	0.78	0.6	0.87	0.68	WDFN
ANDC	-0.31	0.35	0.46	0.28	0.33		0.53	0.24	0.26	0.55	ANDC
WSSH	-0.69	0.68	0.82	0.8	0.78	0.53		0.74	0.79	0.7	WSSH
OAKV	-0.51	0.61	0.71	0.77	0.6	0.24	0.74		0.68	0.57	OAKV
CIZN	-0.63	0.89	0.86	0.72	0.87	0.26	0.79	0.68		0.7	CIZN
MFBP	-0.47	0.79	0.75	0.48	0.68	0.55	0.7	0.57	0.7		MFBP
	ALBY	OSBK	STBI	EXCH	WDFN	ANDC	WSSH	OAKV	CIZN	MFBP

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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

CIZN	+ 0.89	OSBK
CIZN	+ 0.87	WDFN
CIZN	+ 0.86	STBI
STBI	+ 0.83	OSBK
WSSH	+ 0.82	STBI
WSSH	+ 0.8	EXCH

High negative correlations

WSSH	- 0.69	ALBY
EXCH	- 0.68	ALBY
CIZN	- 0.63	ALBY
OSBK	- 0.59	ALBY
WDFN	- 0.57	ALBY
STBI	- 0.57	ALBY

Risk-Adjusted Indicators

There is a big difference between First Pink Sheet performing well and First Community 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 Community'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
ALBY	0.28	(0.03)	0.00	0.32	0.00	0.00	0.86	(0.86)	4.47
OSBK	0.24	0.09	0.00	(0.67)	0.00	0.00	0.61	0.00	4.37
STBI	0.77	0.18	0.09	(9.70)	0.69	(1.24)	2.19	(2.04)	4.86
EXCH	0.50	0.24	0.00	3.04	0.00	0.00	0.00	0.00	17.10
WDFN	1.01	0.23	0.08	0.86	1.08	(1.39)	3.70	(2.08)	9.03
ANDC	0.76	(0.01)	(0.02)	0.03	1.04	(2.53)	2.16	(2.63)	8.35
WSSH	0.55	0.22	0.00	2.47	0.00	0.00	1.86	(0.43)	6.26
OAKV	1.27	0.16	0.04	(0.35)	1.46	(1.75)	2.59	(2.52)	7.56
CIZN	1.09	0.56	0.29	3.80	0.67	(1.40)	4.86	(1.76)	9.52
MFBP	1.01	0.16	0.05	0.44	1.06	(2.27)	3.63	(2.34)	8.74

Be your own money manager

Our tools can tell you how much better you can do entering a position in First Community 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.

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First Community Corporate Management

CPA CPA	S Director	Profile
Jennifer Mahoney	Assistant Sec	Profile
Richard Leitzel	Treasurer	Profile
CMA CPA	Treasurer	Profile
Kimberly Benner	Ex Mang	Profile
Bobbi Leister	Assistant Sec	Profile
Scott Fritz	CEO Pres	Profile

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