First Citizens Correlations
| FSDKDelisted Stock | USD 13.00 0.00 0.00% |
The current 90-days correlation between First Citizens and Barrick Mining is -0.13 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Citizens moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The First Citizens moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
First Citizens Correlation With Market
Pay attention - limited upside
The correlation between The First Citizens and DJI is -0.77 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The First Citizens and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to First Citizens 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 Citizens 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 Citizens - 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 The First Citizens to buy it.
Moving together with First Pink Sheet
Moving against First Pink Sheet
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| 0.51 | FITBP | Fifth Third Bancorp | PairCorr |
| 0.48 | MRLWF | Marlowe Plc | PairCorr |
| 0.46 | BBAS3 | Banco do Brasil Earnings Call This Week | PairCorr |
| 0.37 | AMPH | Amphastar P | PairCorr |
| 0.88 | CVX | Chevron Corp | PairCorr |
| 0.85 | AA | Alcoa Corp Downward Rally | PairCorr |
| 0.83 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.82 | CAT | Caterpillar | PairCorr |
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| 0.69 | JNJ | Johnson Johnson | PairCorr |
| 0.67 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
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| 0.33 | DIS | Walt Disney | PairCorr |
Related Correlations Analysis
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 Citizens 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 Citizens' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| USGO | 3.23 | 0.17 | 0.04 | 0.34 | 3.84 | 9.48 | 22.52 | |||
| NIPMY | 0.79 | 0.39 | 0.00 | (0.50) | 0.00 | 0.00 | 26.47 | |||
| MHO | 1.47 | 0.08 | 0.06 | 0.11 | 1.52 | 4.51 | 10.17 | |||
| LOMLF | 3.58 | 0.59 | 0.08 | (2.17) | 3.54 | 8.33 | 25.64 | |||
| NOBH | 1.76 | 0.01 | 0.00 | 0.07 | 2.99 | 4.69 | 22.88 | |||
| GO | 1.90 | (0.51) | 0.00 | (0.87) | 0.00 | 4.04 | 12.67 | |||
| SDHC | 2.79 | 0.00 | 0.02 | 0.06 | 3.54 | 6.93 | 18.62 | |||
| B | 1.94 | 0.52 | 0.16 | 0.55 | 2.72 | 4.37 | 20.22 |
First Citizens Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with First Citizens pink sheet to make a market-neutral strategy. Peer analysis of First Citizens could also be used in its relative valuation, which is a method of valuing First Citizens by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
First Citizens Corporate Management
| Jennifer Romich | VP Officer | Profile | |
| Pamala Baker | VP CFO | Profile | |
| Jevon Reile | SVP CIO | Profile | |
| Mark Johnson | Pres CEO | Profile | |
| Robert McClure | COO VP | Profile |
Still Interested in The First Citizens?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.