First Southern Correlations

FSBH Stock

USD 16.00 0.00 0.00%

The current 90-days correlation between First Southern Bank and National Bank of is -0.07 (i.e., Good diversification). The correlation of First Southern 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 Southern Correlation With Market

Modest diversification

The correlation between First Southern Bank and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Southern Bank and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with First Pink Sheet

0.67	SNPHF	Santen Pharmaceutical	Pair Corr
0.61	MRK	Merck Company Sell-off Trend	Pair Corr

Moving against First Pink Sheet

0.39	MSFT	Microsoft	Pair Corr
0.39	HPQ	HP Inc	Pair Corr
0.35	IBM	International Business	Pair Corr

Related Correlations Analysis

	AMFC	CNBZ	ELMA	HVLM	FBPA	JFWV	BKUTK	PFBN	GTPS	NCXS
AMFC		0.8	0.69	0.76	0.72	0.86	0.77	-0.07	0.67	0.41	AMFC
CNBZ	0.8		0.53	0.4	0.62	0.58	0.5	0.1	0.59	0.49	CNBZ
ELMA	0.69	0.53		0.55	0.5	0.72	0.55	-0.15	0.56	0.26	ELMA
HVLM	0.76	0.4	0.55		0.72	0.93	0.73	-0.28	0.36	0.33	HVLM
FBPA	0.72	0.62	0.5	0.72		0.79	0.53	-0.22	0.29	0.38	FBPA
JFWV	0.86	0.58	0.72	0.93	0.79		0.73	-0.25	0.44	0.38	JFWV
BKUTK	0.77	0.5	0.55	0.73	0.53	0.73		-0.07	0.7	0.29	BKUTK
PFBN	-0.07	0.1	-0.15	-0.28	-0.22	-0.25	-0.07		0.14	0.17	PFBN
GTPS	0.67	0.59	0.56	0.36	0.29	0.44	0.7	0.14		0.18	GTPS
NCXS	0.41	0.49	0.26	0.33	0.38	0.38	0.29	0.17	0.18		NCXS
	AMFC	CNBZ	ELMA	HVLM	FBPA	JFWV	BKUTK	PFBN	GTPS	NCXS

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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

JFWV	+ 0.93	HVLM
JFWV	+ 0.86	AMFC
CNBZ	+ 0.8	AMFC
JFWV	+ 0.79	FBPA
BKUTK	+ 0.77	AMFC
HVLM	+ 0.76	AMFC

High negative correlations

PFBN	- 0.28	HVLM
PFBN	- 0.25	JFWV
PFBN	- 0.22	FBPA
PFBN	- 0.15	ELMA
PFBN	- 0.07	BKUTK
PFBN	- 0.07	AMFC

Risk-Adjusted Indicators

There is a big difference between First Pink Sheet performing well and First Southern 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 Southern'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
AMFC	0.31	0.18	0.00	(2.10)	0.00	0.00	1.23	0.00	3.29
CNBZ	0.75	0.23	0.00	(0.21)	0.00	0.00	2.17	(1.93)	24.52
ELMA	0.41	0.22	0.00	(0.62)	0.00	0.00	0.90	0.00	2.62
HVLM	0.68	0.36	0.00	(1.97)	0.00	0.00	0.00	0.00	20.04
FBPA	0.46	0.13	0.00	(0.96)	0.00	0.00	1.88	0.00	11.25
JFWV	0.66	0.33	0.00	(1.29)	0.00	0.00	2.75	0.00	4.33
BKUTK	1.15	0.16	0.04	1.41	1.52	(1.83)	2.67	(2.99)	11.34
PFBN	0.50	(0.03)	0.00	0.27	0.00	0.00	1.21	(1.54)	4.51
GTPS	0.62	0.08	0.01	0.51	0.79	(1.67)	1.85	(2.19)	10.96
NCXS	0.58	0.11	0.00	(0.97)	0.00	0.00	1.65	(0.66)	15.55

Be your own money manager

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

Daniel Hager	Chairman CEO	Profile
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