First Ottawa Correlations
| FOTB Stock | USD 120.01 0.01 0.01% |
The current 90-days correlation between First Ottawa Bancshares and Century Next Financial is 0.17 (i.e., Average diversification). The correlation of First Ottawa 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 Ottawa Correlation With Market
Good diversification
The correlation between First Ottawa Bancshares and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Ottawa Bancshares and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to First Ottawa 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 Ottawa 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 Ottawa - 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 Ottawa Bancshares to buy it.
Moving together with First Pink Sheet
| 0.61 | SSNLF | Samsung Electronics | PairCorr |
| 0.67 | PTAIF | PT Astra International | PairCorr |
| 0.72 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.63 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.8 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.89 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.83 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.79 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.86 | WMT | Walmart Aggressive Push | PairCorr |
| 0.67 | HPQ | HP Inc | PairCorr |
| 0.86 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.73 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
Moving against First Pink Sheet
| 0.89 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.89 | BKRKY | Bank Rakyat | PairCorr |
| 0.89 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.88 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.79 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.71 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.71 | PBCRY | Bank Central Asia | PairCorr |
| 0.67 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.57 | PBCRF | PT Bank Central | PairCorr |
| 0.48 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between First Pink Sheet performing well and First Ottawa 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 Ottawa'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FSDK | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CTUY | 0.46 | 0.21 | 0.08 | (1.37) | 0.00 | 1.63 | 4.43 | |||
| CIWV | 1.10 | 0.42 | 0.00 | (17.62) | 0.00 | 4.22 | 18.86 | |||
| TBBC | 1.02 | (0.03) | (0.02) | 0.03 | 1.70 | 5.44 | 13.88 | |||
| FBTT | 0.56 | 0.06 | (0.01) | 0.36 | 0.78 | 2.19 | 7.67 | |||
| GVFF | 0.51 | 0.08 | 0.00 | 2.76 | 0.00 | 2.94 | 9.03 | |||
| PKKW | 0.95 | (0.03) | 0.00 | (0.07) | 0.00 | 2.40 | 13.06 | |||
| CCNB | 0.67 | 0.18 | 0.15 | 0.66 | 0.00 | 1.99 | 4.21 | |||
| CBTN | 0.75 | 0.01 | (0.02) | 0.25 | 1.51 | 2.15 | 14.50 | |||
| NODB | 0.34 | 0.11 | 0.00 | 1.44 | 0.42 | 0.96 | 7.28 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in First Ottawa 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.Did you try this?
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First Ottawa Corporate Executives
Elected by the shareholders, the First Ottawa's board of directors comprises two types of representatives: First Ottawa 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 Ottawa's management team and ensure that shareholders' interests are well served. First Ottawa'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 Ottawa's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Vincent Easi | Corp CFO | Profile |