First Resource Correlations

FRSB Stock

USD 20.25 0.25 1.22%

The current 90-days correlation between First Resource Bank and Merchants Marine Bancorp is 0.1 (i.e., Average diversification). The correlation of First Resource 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 Resource Correlation With Market

Average diversification

The correlation between First Resource Bank and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Resource Bank and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to First Resource 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 Resource 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 Resource - 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 Resource Bank to buy it.

Moving together with First OTC Stock

0.85	CIHHF	China Merchants Bank	Pair Corr
0.9	MFG	Mizuho Financial	Pair Corr
0.86	PNC	PNC Financial Services	Pair Corr
0.9	GOOG	Alphabet Class C	Pair Corr
0.93	BMYMP	Bristol Myers Squibb	Pair Corr
0.66	MH	McGraw Hill	Pair Corr
0.61	CRH	CRH PLC ADR	Pair Corr
0.75	EDVMF	Endeavour Mining Corp	Pair Corr
0.85	HL	Hecla Mining Aggressive Push	Pair Corr
0.69	SOHOO	Sotherly Hotels Pref	Pair Corr
0.7	NTR	Nutrien	Pair Corr
0.65	ZMPLF	Zimplats Holdings	Pair Corr
0.78	LAR	Lithium Argentina Symbol Change	Pair Corr
0.89	CHRW	CH Robinson Worldwide	Pair Corr

Moving against First OTC Stock

0.81	MSFT	Microsoft	Pair Corr
0.63	HDB	HDFC Bank Limited	Pair Corr
0.43	IBN	ICICI Bank Limited Earnings Call This Week	Pair Corr
0.46	TRRGF	Transatlantic Mining Corp	Pair Corr
0.32	STTTF	Splitit Payments	Pair Corr
0.66	CNTRF	Centr Brands Corp	Pair Corr
0.34	CNNA	Cann American Corp	Pair Corr

Related Correlations Analysis

	MNMB	CCBC	GSBX	SVBT	RWCB	MVLY	PGNN	BSFO	HBSI	BSPA
MNMB		-0.25	-0.65	-0.42	-0.51	-0.6	-0.46	-0.62	-0.49	0.66	MNMB
CCBC	-0.25		0.36	0.69	0.41	0.28	0.45	0.51	0.51	-0.21	CCBC
GSBX	-0.65	0.36		0.52	0.64	0.76	0.54	0.82	0.67	-0.81	GSBX
SVBT	-0.42	0.69	0.52		0.6	0.39	0.73	0.82	0.74	-0.44	SVBT
RWCB	-0.51	0.41	0.64	0.6		0.71	0.87	0.78	0.92	-0.58	RWCB
MVLY	-0.6	0.28	0.76	0.39	0.71		0.58	0.74	0.64	-0.8	MVLY
PGNN	-0.46	0.45	0.54	0.73	0.87	0.58		0.79	0.9	-0.46	PGNN
BSFO	-0.62	0.51	0.82	0.82	0.78	0.74	0.79		0.85	-0.73	BSFO
HBSI	-0.49	0.51	0.67	0.74	0.92	0.64	0.9	0.85		-0.53	HBSI
BSPA	0.66	-0.21	-0.81	-0.44	-0.58	-0.8	-0.46	-0.73	-0.53		BSPA
	MNMB	CCBC	GSBX	SVBT	RWCB	MVLY	PGNN	BSFO	HBSI	BSPA

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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

HBSI	+ 0.92	RWCB
HBSI	+ 0.9	PGNN
PGNN	+ 0.87	RWCB
HBSI	+ 0.85	BSFO
BSFO	+ 0.82	GSBX
BSFO	+ 0.82	SVBT

High negative correlations

BSPA	- 0.81	GSBX
BSPA	- 0.8	MVLY
BSPA	- 0.73	BSFO
GSBX	- 0.65	MNMB
BSFO	- 0.62	MNMB
MVLY	- 0.6	MNMB

Risk-Adjusted Indicators

There is a big difference between First OTC Stock performing well and First Resource 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 Resource'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
MNMB	0.78	(0.05)	0.00	(0.03)	0.00	0.00	1.68	(1.91)	11.78
CCBC	0.45	0.08	0.00	1.90	0.00	0.00	2.15	(1.21)	6.87
GSBX	0.29	0.08	0.00	0.58	0.00	0.00	0.61	(0.48)	7.08
SVBT	0.54	0.23	0.00	1.72	0.00	0.00	2.42	(0.42)	6.00
RWCB	0.37	0.06	(0.01)	3.51	0.56	(0.84)	1.04	(0.52)	6.46
MVLY	0.79	0.20	0.00	(0.48)	0.00	0.00	2.87	(0.33)	17.19
PGNN	0.12	0.02	0.00	0.48	0.00	0.00	0.41	(0.08)	2.60
BSFO	0.88	0.30	0.05	(0.47)	1.10	(1.96)	3.13	(1.41)	15.38
HBSI	0.78	0.16	0.04	0.33	0.86	(3.47)	2.75	(0.58)	14.85
BSPA	0.67	(0.05)	0.00	(1.25)	0.00	0.00	1.26	(0.46)	21.58

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

Elected by the shareholders, the First Resource's board of directors comprises two types of representatives: First Resource 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 Resource's management team and ensure that shareholders' interests are well served. First Resource'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 Resource's outside directors are responsible for providing unbiased perspectives on the board's policies.

Brian Jackson	VP Officer	Profile
Kenneth Kramer	Ex Officer	Profile
Fran Forte	SBA Lending	Profile
Natalie Carrozza	Ex COO	Profile
Dean Wesley	VP Lending	Profile
Katie Martin	VP Director	Profile
Glenn Marshall	CEO Cofounder	Profile

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