First Bancorp Correlations

FNLC Stock

USD 29.18 0.06 0.21%

The current 90-days correlation between First Bancorp and Colony Bankcorp is 0.06 (i.e., Significant diversification). The correlation of First Bancorp 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 Bancorp Correlation With Market

Poor diversification

The correlation between First Bancorp and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Bancorp 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 Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade First Stock refer to our How to Trade First Stock guide.

Moving together with First Stock

0.83	BNPH	BNP PARIBAS ADR	Pair Corr
0.68	BIRG	Bank of Ireland	Pair Corr
0.7	AON0	AOZORA BANK LTD	Pair Corr
0.85	AX	Axos Financial	Pair Corr
0.94	BY	Byline Bancorp	Pair Corr
0.83	PB	Prosperity Bancshares	Pair Corr
0.91	RF	Regions Financial Earnings Call This Week	Pair Corr
0.86	HH1	Hancock Whitney	Pair Corr
0.79	BCVN	Banque Cantonale Vaudoise	Pair Corr
0.67	VABK	Virginia National	Pair Corr
0.77	LLBN	Liechtensteinische Earnings Call This Week	Pair Corr
0.83	VBNK	VersaBank	Pair Corr
0.78	SANB	SANTANDER UK 8	Pair Corr
0.61	PWT	TFS Financial	Pair Corr
0.81	B4M1	SpareBank 1 SR	Pair Corr
0.85	UIO	ATLANTIC UNION BANKSDL	Pair Corr
0.66	WBCPK	Westpac Banking	Pair Corr
0.76	FRYA	Swedbank AB	Pair Corr
0.87	VNB	Valley National Bancorp	Pair Corr
0.9	EBMT	Eagle Bancorp Montana	Pair Corr
0.65	ECBK	ECB Bancorp	Pair Corr
0.82	BNP	BNP Paribas SA	Pair Corr
0.93	EFSC	Enterprise Financial	Pair Corr
0.84	EGBN	Eagle Bancorp	Pair Corr
0.82	HSBK	Halyk Bank	Pair Corr
0.64	PFZ	Pinnacle Financial	Pair Corr
0.75	BCGE	Banque Cantonale	Pair Corr
0.93	WABC	Westamerica Bancorporation	Pair Corr
0.76	WAFD	Washington Federal	Pair Corr
0.92	WASH	Washington Trust Bancorp	Pair Corr

Moving against First Stock

0.69	3YB	Postal Savings Bank	Pair Corr
0.41	C3B	Chongqing Rural Comm	Pair Corr
0.39	D7C	China CITIC Bank	Pair Corr
0.36	ICBA	ICICI Bank Limited	Pair Corr

Related Correlations Analysis

	CBAN	PLBC	FSBW	WSBF	TSBK	CZFS	CZNC	COSO	NECB	JMSB
CBAN		0.95	0.65	0.89	0.94	0.85	0.94	0.91	0.92	0.66	CBAN
PLBC	0.95		0.57	0.9	0.92	0.86	0.95	0.84	0.86	0.66	PLBC
FSBW	0.65	0.57		0.68	0.77	0.71	0.69	0.82	0.79	0.84	FSBW
WSBF	0.89	0.9	0.68		0.92	0.93	0.9	0.84	0.92	0.63	WSBF
TSBK	0.94	0.92	0.77	0.92		0.86	0.95	0.93	0.96	0.76	TSBK
CZFS	0.85	0.86	0.71	0.93	0.86		0.88	0.8	0.86	0.68	CZFS
CZNC	0.94	0.95	0.69	0.9	0.95	0.88		0.88	0.89	0.74	CZNC
COSO	0.91	0.84	0.82	0.84	0.93	0.8	0.88		0.96	0.79	COSO
NECB	0.92	0.86	0.79	0.92	0.96	0.86	0.89	0.96		0.73	NECB
JMSB	0.66	0.66	0.84	0.63	0.76	0.68	0.74	0.79	0.73		JMSB
	CBAN	PLBC	FSBW	WSBF	TSBK	CZFS	CZNC	COSO	NECB	JMSB

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Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Bancorp 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 Bancorp'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
CBAN	1.10	0.36	0.26	3.74	0.81	(1.38)	3.31	(1.24)	9.08
PLBC	1.10	0.31	0.29	0.36	0.57	(1.23)	3.05	(1.60)	12.44
FSBW	1.15	0.04	0.01	0.15	1.24	(1.39)	3.28	(2.14)	9.27
WSBF	1.18	0.23	0.15	0.42	1.04	(1.43)	2.59	(2.52)	10.50
TSBK	1.20	0.27	0.17	0.77	1.01	(1.37)	3.44	(1.94)	8.75
CZFS	1.71	0.16	0.07	0.35	1.79	(1.96)	3.96	(3.17)	10.37
CZNC	1.16	0.32	0.21	0.78	1.05	(1.48)	3.19	(1.62)	7.41
COSO	0.85	0.22	0.16	0.61	0.82	(0.98)	2.55	(1.82)	6.79
NECB	1.15	0.26	0.20	0.47	1.02	(1.49)	3.56	(1.83)	7.53
JMSB	1.28	0.03	0.00	0.12	1.49	(1.31)	3.19	(2.37)	7.58

First Bancorp Corporate Management

Susan Norton	Executive VP of HR, Compliance Officer, Executive VP of HR - First National Bank and Compliance Officer of First National Bank	Profile
Richard Elder	Sr. VP-Retail Services of The First National Bank	Profile
Christopher Austin	Executive Counsel	Profile
Brad Martin	Executive Officer	Profile

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