First Bancorp Correlations

FNLC Stock

USD 27.47 0.17 0.62%

The current 90-days correlation between First Bancorp and Colony Bankcorp is 0.8 (i.e., Very poor 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 0.74 (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 various price indices.

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

Moving together with First Stock

0.71	BIRG	Bank of Ireland	Pair Corr
0.71	NPB	Northpointe Bancshares	Pair Corr
0.68	BOQPG	Bank of Queensland	Pair Corr
0.62	601187	Xiamen Bank	Pair Corr
0.9	MSBI	Midland States Bancorp	Pair Corr
0.7	MBLPD	Macquarie Bank	Pair Corr
0.83	VBNK	VersaBank	Pair Corr
0.83	LB	Laurentian Bank	Pair Corr
0.73	BFL	BSP Financial Group	Pair Corr
0.94	SMBK	SmartFinancial Normal Trading	Pair Corr
0.64	AIZ	Assurant	Pair Corr
0.85	AAL	American Airlines Earnings Call This Week	Pair Corr
0.65	FIVE	Five Below	Pair Corr
0.78	FCAP	First Capital	Pair Corr
0.61	KEYS	Keysight Technologies	Pair Corr
0.62	ABEV	Ambev SA ADR Aggressive Push	Pair Corr

Moving against First Stock

0.84	601665	Qilu Bank	Pair Corr
0.82	601658	Postal Savings Bank	Pair Corr
0.78	BETRW	Better Home Finance	Pair Corr
0.78	ROBOF	RoboGroup TEK	Pair Corr
0.62	CDIV	Cascadia Investments	Pair Corr
0.68	AUHIF	Advance United Holdings	Pair Corr

Related Correlations Analysis

	CBAN	PLBC	FSBW	WSBF	TSBK	CZFS	CZNC	COSO	NECB	JMSB
CBAN		0.96	0.86	0.93	0.96	0.87	0.94	0.77	0.76	0.76	CBAN
PLBC	0.96		0.86	0.9	0.94	0.86	0.94	0.72	0.7	0.79	PLBC
FSBW	0.86	0.86		0.85	0.89	0.71	0.86	0.67	0.58	0.8	FSBW
WSBF	0.93	0.9	0.85		0.89	0.85	0.89	0.64	0.61	0.64	WSBF
TSBK	0.96	0.94	0.89	0.89		0.81	0.93	0.71	0.67	0.81	TSBK
CZFS	0.87	0.86	0.71	0.85	0.81		0.88	0.66	0.67	0.71	CZFS
CZNC	0.94	0.94	0.86	0.89	0.93	0.88		0.72	0.67	0.83	CZNC
COSO	0.77	0.72	0.67	0.64	0.71	0.66	0.72		0.95	0.63	COSO
NECB	0.76	0.7	0.58	0.61	0.67	0.67	0.67	0.95		0.55	NECB
JMSB	0.76	0.79	0.8	0.64	0.81	0.71	0.83	0.63	0.55		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	1.02	0.24	0.18	0.43	0.85	(1.17)	2.41	(1.56)	5.33
PLBC	1.06	0.20	0.19	0.29	0.72	(1.21)	3.00	(1.66)	5.17
FSBW	1.25	0.20	0.14	0.47	0.86	(1.65)	3.36	(1.94)	10.30
WSBF	1.00	0.31	0.23	0.92	0.68	(1.20)	2.59	(1.51)	6.43
TSBK	1.16	0.22	0.14	0.45	0.96	(1.34)	2.78	(1.62)	8.74
CZFS	1.70	0.27	0.12	0.57	1.66	(1.97)	4.15	(2.85)	10.15
CZNC	1.00	0.19	0.12	0.42	1.02	(1.20)	2.76	(1.65)	7.23
COSO	0.79	0.15	0.07	0.54	0.87	(0.93)	1.66	(1.54)	6.77
NECB	1.19	0.16	0.08	0.33	1.38	(1.36)	3.45	(2.26)	7.53
JMSB	1.67	0.14	0.03	0.68	1.83	(1.84)	4.65	(2.82)	15.99

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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