First State Correlations
| FSTF Stock | USD 0.02 0.01 30.00% |
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
Significant diversification
The correlation between First State Financial and DJI is 0.01 (i.e., Significant 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.
First |
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 against First Pink Sheet
| 0.59 | BAC | Bank of America Earnings Call Today | PairCorr |
| 0.58 | SMFG | Sumitomo Mitsui Financial | PairCorr |
| 0.58 | CAT | Caterpillar | PairCorr |
| 0.57 | MFG | Mizuho Financial | PairCorr |
| 0.56 | MZHOF | Mizuho Financial Normal Trading | PairCorr |
| 0.56 | JPM | JPMorgan Chase | PairCorr |
| 0.56 | MRK | Merck Company | PairCorr |
| 0.55 | AA | Alcoa Corp Earnings Call This Week | PairCorr |
| 0.54 | SMFNF | Sumitomo Mitsui Financial | PairCorr |
| 0.52 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.51 | MBFJF | Mitsubishi UFJ Financial Normal Trading | PairCorr |
| 0.5 | DD | Dupont De Nemours | PairCorr |
| 0.48 | MUFG | Mitsubishi UFJ Financial Normal Trading | PairCorr |
| 0.44 | CSCO | Cisco Systems | PairCorr |
| 0.41 | TRV | The Travelers Companies Earnings Call This Week | PairCorr |
| 0.4 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.33 | KB | KB Financial Group | PairCorr |
| 0.32 | SHG | Shinhan Financial | 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 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 | 64.56 | 26.11 | 0.55 | (0.85) | 36.42 | 200.00 | 365.00 | |||
| BICB | 1.49 | (0.63) | 0.00 | 0.45 | 0.00 | 0.00 | 50.00 | |||
| TRDX | 1.69 | 0.03 | 0.00 | 0.16 | 0.00 | 0.00 | 51.24 | |||
| EGDD | 6.39 | 1.89 | 0.00 | (7.44) | 0.00 | 0.00 | 283.33 | |||
| WWDH | 1.56 | (0.80) | 0.00 | 15.64 | 0.00 | 0.00 | 50.00 | |||
| MGTI | 40.12 | 16.92 | 0.46 | 2.53 | 20.08 | 100.00 | 405.80 | |||
| CNHC | 2.74 | (1.16) | 0.00 | (0.69) | 0.00 | 0.00 | 93.98 | |||
| RPGLF | 10.47 | 4.93 | 0.00 | (0.49) | 0.00 | 0.00 | 402.09 | |||
| OHBK | 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 |
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.Did you try this?
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Fundamental AnalysisView fundamental data based on most recent published financial statements |
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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 | Profile |