First Northern Correlations

FNRN Stock

USD 14.70 0.10 0.68%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Northern moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Northern Community moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

First Northern Correlation With Market

Poor diversification

The correlation between First Northern Community and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Northern Community and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with First OTC Stock

0.69	BBDO	Banco Bradesco SA	Pair Corr
0.85	DUK-PA	Duke Energy	Pair Corr
0.83	JOE	St Joe Company Earnings Call This Week	Pair Corr
0.77	TSM	Taiwan Semiconductor	Pair Corr
0.7	SLSR	Solaris Resources	Pair Corr
0.84	SHIP	Seanergy Maritime	Pair Corr
0.79	LAND	Gladstone Land Earnings Call This Week	Pair Corr
0.76	MEEEF	Metal Energy Corp	Pair Corr
0.68	PRTS	CarPartsCom	Pair Corr
0.9	BFS	Saul Centers Earnings Call This Week	Pair Corr
0.71	NNBR	NN Inc	Pair Corr
0.84	MXCHY	Orbia Advance Corp	Pair Corr
0.76	FRSB	First Resource Bank	Pair Corr
0.89	AES	AES Earnings Call This Week	Pair Corr
0.64	TOPCF	Topcon	Pair Corr
0.89	PLSE	Pulse Biosciences	Pair Corr
0.61	TOGOF	TomaGold	Pair Corr
0.62	482480AN0	KLAC 525 15	Pair Corr

Moving against First OTC Stock

0.76	PBCRY	Bank Central Asia	Pair Corr
0.62	PBCRF	PT Bank Central	Pair Corr
0.32	AFIIQ	Armstrong Flooring	Pair Corr

Related Correlations Analysis

	MLGF	TSCFY	FIZN	EXSR	FFMH	MFGI	CBTN	FIEB	CCFN	TRUX
MLGF		0.0	0.42	0.57	0.56	0.67	0.31	-0.39	0.57	0.75	MLGF
TSCFY	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	TSCFY
FIZN	0.42	0.0		0.3	0.34	0.39	0.17	-0.2	0.3	0.39	FIZN
EXSR	0.57	0.0	0.3		0.83	0.86	0.82	-0.88	0.88	0.62	EXSR
FFMH	0.56	0.0	0.34	0.83		0.92	0.8	-0.8	0.92	0.67	FFMH
MFGI	0.67	0.0	0.39	0.86	0.92		0.71	-0.76	0.91	0.82	MFGI
CBTN	0.31	0.0	0.17	0.82	0.8	0.71		-0.9	0.83	0.39	CBTN
FIEB	-0.39	0.0	-0.2	-0.88	-0.8	-0.76	-0.9		-0.88	-0.46	FIEB
CCFN	0.57	0.0	0.3	0.88	0.92	0.91	0.83	-0.88		0.69	CCFN
TRUX	0.75	0.0	0.39	0.62	0.67	0.82	0.39	-0.46	0.69		TRUX
	MLGF	TSCFY	FIZN	EXSR	FFMH	MFGI	CBTN	FIEB	CCFN	TRUX

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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

MFGI	+ 0.92	FFMH
CCFN	+ 0.92	FFMH
CCFN	+ 0.91	MFGI
CCFN	+ 0.88	EXSR
MFGI	+ 0.86	EXSR
FFMH	+ 0.83	EXSR

High negative correlations

FIEB	- 0.9	CBTN
CCFN	- 0.88	FIEB
FIEB	- 0.88	EXSR
FIEB	- 0.8	FFMH
FIEB	- 0.76	MFGI
TRUX	- 0.46	FIEB

Risk-Adjusted Indicators

There is a big difference between First OTC Stock performing well and First Northern OTC Stock 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 Northern'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
MLGF	0.90	0.07	0.03	0.25	1.28	(1.23)	2.47	(2.92)	12.28
TSCFY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FIZN	0.02	0.00	0.00	0.17	0.00	0.00	0.00	0.00	0.50
EXSR	1.46	0.30	0.10	(0.57)	1.63	(2.07)	4.23	(2.85)	15.06
FFMH	0.41	0.17	0.20	2.18	0.00	(0.86)	1.40	(0.60)	3.26
MFGI	0.58	0.35	0.54	3.43	0.00	(1.00)	2.13	(0.33)	4.20
CBTN	0.37	0.11	0.06	3.01	0.20	(1.21)	1.55	(0.46)	4.55
FIEB	0.22	(0.12)	0.00	(1.89)	0.00	0.00	0.00	(0.23)	6.00
CCFN	0.89	0.23	0.16	1.07	0.63	(1.39)	2.97	(1.67)	8.67
TRUX	1.09	0.11	0.04	0.80	1.27	(1.41)	2.62	(2.45)	7.71

Be your own money manager

Our tools can tell you how much better you can do entering a position in First Northern 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 Northern Corporate Management

Elected by the shareholders, the First Northern's board of directors comprises two types of representatives: First Northern inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Northern's management team and ensure that shareholders' interests are well served. First Northern's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Northern's outside directors are responsible for providing unbiased perspectives on the board's policies.

Terry Danelson	Ex Officer	Profile
Libby Feyh	VP Director	Profile
Cathleen Gorham	VP Administrator	Profile
Jeffrey Adamski	Exec Officer	Profile
Devon CamaraSoucy	IR Contact	Profile

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