First Reliance Correlations
| FSRL Stock | USD 9.80 0.12 1.21% |
The current 90-days correlation between First Reliance Bancshares and Baraboo Bancorporation is -0.15 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Reliance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Reliance Bancshares moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
First Reliance Correlation With Market
Significant diversification
The correlation between First Reliance Bancshares and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Reliance 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 Reliance 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 Reliance 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 Reliance - 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 Reliance Bancshares to buy it.
Moving together with First Pink Sheet
| 0.68 | CIHKY | China Merchants Bank | PairCorr |
| 0.72 | FITBP | Fifth Third Bancorp | PairCorr |
| 0.74 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.68 | T | ATT Inc Aggressive Push | PairCorr |
| 0.66 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.66 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
Moving against First Pink Sheet
| 0.57 | BBAS3 | Banco do Brasil | PairCorr |
| 0.45 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.39 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.35 | BBDC4 | Banco Bradesco SA | PairCorr |
Related Correlations Analysis
| 0.56 | -0.79 | 0.0 | 0.63 | ISDAY | ||
| 0.56 | -0.45 | 0.0 | 0.34 | BAOB | ||
| -0.79 | -0.45 | 0.0 | -0.62 | DNKEY | ||
| 0.0 | 0.0 | 0.0 | 0.0 | JYSKY | ||
| 0.63 | 0.34 | -0.62 | 0.0 | AGRPF | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between First Pink Sheet performing well and First Reliance 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 Reliance'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ISDAY | 0.35 | 0.19 | 0.00 | (0.96) | 0.00 | 0.00 | 10.56 | |||
| BAOB | 1.04 | 0.15 | 0.02 | 1.81 | 1.15 | 2.74 | 6.88 | |||
| DNKEY | 1.08 | (0.16) | 0.00 | (78.17) | 0.00 | 1.99 | 6.08 | |||
| JYSKY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AGRPF | 0.15 | 0.06 | 0.00 | 1.19 | 0.00 | 0.00 | 5.05 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in First Reliance 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 Reliance Corporate Management
| Justin Strickland | President | Profile | |
| Leslie Chaplin | Ex HR | Profile | |
| Ben Brazell | Exec Officer | Profile | |
| Charles Stuart | Pres Division | Profile | |
| Robert Dozier | Sr COO | Profile |