First State Correlations

FSTF Stock

USD 0.02 0.00 0.00%

The correlation of First State 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 State Correlation With Market

Excellent diversification

The correlation between First State Financial and DJI is -0.6 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First State Financial and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to First State 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 State 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 State - 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 State Financial to buy it.

Moving together with First Pink Sheet

0.67	PBCRF	PT Bank Central	Pair Corr
0.71	PBCRY	Bank Central Asia	Pair Corr

Moving against First Pink Sheet

0.75	ADEA	ADEIA P	Pair Corr
0.69	SBKO	Summit Bank Group	Pair Corr
0.69	ESCA	Escalade Incorporated	Pair Corr
0.69	INGR	Ingredion Incorporated	Pair Corr
0.68	GL-PD	Globe Life 425	Pair Corr
0.68	RHHVF	Roche Holding AG	Pair Corr
0.68	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.66	CMI	Cummins	Pair Corr
0.63	VKQ	Invesco Municipal Trust	Pair Corr
0.63	GEL	Genesis Energy LP	Pair Corr
0.62	MFGCF	Mayfair Gold Corp	Pair Corr
0.62	BCO	Brinks Company	Pair Corr
0.6	CCL	Carnival	Pair Corr
0.59	BKRKY	Bank Rakyat	Pair Corr
0.59	CGON	CG Oncology Common	Pair Corr
0.55	KB	KB Financial Group	Pair Corr
0.55	WF	Woori Financial Group	Pair Corr
0.54	SHG	Shinhan Financial	Pair Corr
0.54	BKCYF	Bank Of Cyprus Holdings P Normal Trading	Pair Corr
0.53	OXY	Occidental Petroleum Aggressive Push	Pair Corr
0.51	VHI	Valhi Inc Earnings Call This Week	Pair Corr
0.51	TG	Tredegar	Pair Corr
0.39	TEAD	Teads BV Symbol Change	Pair Corr
0.68	IFS	Intercorp Financial	Pair Corr
0.66	TDY	Teledyne Technologies	Pair Corr
0.66	WLK	Westlake Chemical	Pair Corr
0.65	VOD	Vodafone Group PLC	Pair Corr
0.64	NTRSO	Northern Trust	Pair Corr
0.64	FMFP	First Community Financial	Pair Corr
0.63	BNL	Broadstone Net Lease Sell-off Trend	Pair Corr
0.63	MEEEF	Metal Energy Corp	Pair Corr
0.62	WEJTY	Webjet Limited	Pair Corr
0.62	TRP	TC Energy Corp	Pair Corr

Related Correlations Analysis

	FRCB	BICB	TRDX	EGDD	WWDH	MGTI	CNHC	RPGLF	OHBK	PGIE
FRCB		0.43	0.17	0.27	0.0	-0.21	-0.11	0.58	0.0	0.0	FRCB
BICB	0.43		-0.12	0.59	0.0	-0.67	0.05	0.69	0.0	0.0	BICB
TRDX	0.17	-0.12		0.41	0.0	-0.29	-0.49	0.11	0.0	0.0	TRDX
EGDD	0.27	0.59	0.41		0.0	-0.81	0.14	0.52	0.0	0.0	EGDD
WWDH	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	WWDH
MGTI	-0.21	-0.67	-0.29	-0.81	0.0		0.07	-0.6	0.0	0.0	MGTI
CNHC	-0.11	0.05	-0.49	0.14	0.0	0.07		0.09	0.0	0.0	CNHC
RPGLF	0.58	0.69	0.11	0.52	0.0	-0.6	0.09		0.0	0.0	RPGLF
OHBK	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	OHBK
PGIE	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		PGIE
	FRCB	BICB	TRDX	EGDD	WWDH	MGTI	CNHC	RPGLF	OHBK	PGIE

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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

RPGLF	+ 0.69	BICB
EGDD	+ 0.59	BICB
RPGLF	+ 0.58	FRCB
RPGLF	+ 0.52	EGDD
BICB	+ 0.43	FRCB
EGDD	+ 0.41	TRDX

High negative correlations

MGTI	- 0.81	EGDD
MGTI	- 0.67	BICB
RPGLF	- 0.6	MGTI
CNHC	- 0.49	TRDX
MGTI	- 0.29	TRDX
MGTI	- 0.21	FRCB

Risk-Adjusted Indicators

There is a big difference between First Pink Sheet performing well and First State 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 State'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
FRCB	53.87	18.86	0.40	(0.93)	33.63	(94.66)	187.50	(61.54)	373.68
BICB	1.49	(0.82)	0.00	(1.26)	0.00	0.00	0.00	0.00	50.00
TRDX	1.77	0.33	0.00	0.70	0.00	0.00	0.00	0.00	74.40
EGDD	2.49	(1.38)	0.00	(0.97)	0.00	0.00	0.00	0.00	83.33
WWDH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MGTI	25.25	9.30	0.39	(20.89)	16.54	(43.30)	64.29	(39.13)	405.80
CNHC	15.13	7.34	0.00	(0.64)	0.00	0.00	0.00	0.00	500.00
RPGLF	10.01	3.82	0.00	1.57	0.00	0.00	0.00	0.00	402.09
OHBK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PGIE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in First State 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 State Corporate Executives

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

Dennis Grinsteiner

CFO, Principal Accounting Officer, Executive VP, CFO of First State Bank and Executive VP of First State Bank

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