Fulton Financial Correlations
| FULTP Preferred Stock | USD 20.24 0.37 1.86% |
The current 90-days correlation between Fulton Financial and First Citizens BancShares is 0.3 (i.e., Weak diversification). The correlation of Fulton Financial 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Fulton Financial Correlation With Market
Weak diversification
The correlation between Fulton Financial and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fulton Financial and DJI in the same portfolio, assuming nothing else is changed.
Fulton |
The ability to find closely correlated positions to Fulton Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fulton Financial 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 Fulton Financial - 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 Fulton Financial to buy it.
Moving together with Fulton Preferred Stock
| 0.62 | RF | Regions Financial Fiscal Year End 17th of January 2025 | PairCorr |
| 0.75 | VBNK | VersaBank Normal Trading | PairCorr |
| 0.76 | VBTX | Veritex Holdings Fiscal Year End 28th of January 2025 | PairCorr |
| 0.64 | TECTP | Tectonic Financial | PairCorr |
| 0.9 | EBMT | Eagle Bancorp Montana Fiscal Year End 28th of January 2025 | PairCorr |
| 0.61 | EBTC | Enterprise Bancorp | PairCorr |
| 0.91 | ECBK | ECB Bancorp | PairCorr |
| 0.89 | CFG-PH | Citizens Financial Group, | PairCorr |
| 0.69 | EGBN | Eagle Bancorp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.62 | KEY-PI | KeyCorp | PairCorr |
| 0.76 | KEY-PJ | KeyCorp | PairCorr |
| 0.86 | KEY-PK | KeyCorp | PairCorr |
| 0.86 | KEY-PL | KeyCorp | PairCorr |
| 0.66 | EQBK | Equity Bancshares, Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.79 | ESSA | ESSA Bancorp | PairCorr |
| 0.85 | TFINP | Triumph Financial | PairCorr |
| 0.72 | EVBN | Evans Bancorp | PairCorr |
| 0.85 | WSBCP | WesBanco | PairCorr |
| 0.69 | WMPN | William Penn Bancorp | PairCorr |
Moving against Fulton Preferred Stock
| 0.31 | WF | Woori Financial Group | PairCorr |
| 0.74 | FRCIL | First Republic Bank | PairCorr |
| 0.63 | FRCHL | First Republic Bank | PairCorr |
| 0.62 | FRCCL | First Republic Bank | PairCorr |
| 0.61 | FRCKL | First Republic Bank | PairCorr |
| 0.61 | FRCML | First Republic Bank | PairCorr |
| 0.6 | WBBW | Westbury Bancorp | PairCorr |
| 0.56 | FRCLL | First Republic Bank | PairCorr |
Related Correlations Analysis
| 0.77 | 0.86 | 0.48 | 0.4 | FCNCP | ||
| 0.77 | 0.87 | 0.77 | 0.76 | FITBO | ||
| 0.86 | 0.87 | 0.52 | 0.6 | DCOMP | ||
| 0.48 | 0.77 | 0.52 | 0.65 | HTLFP | ||
| 0.4 | 0.76 | 0.6 | 0.65 | CCNEP | ||
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Risk-Adjusted Indicators
There is a big difference between Fulton Preferred Stock performing well and Fulton Financial 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 Fulton Financial'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FCNCP | 0.75 | (0.01) | (0.08) | 0.05 | 1.08 | 1.52 | 7.09 | |||
| FITBO | 0.66 | 0.13 | 0.06 | 0.94 | 0.63 | 1.46 | 4.37 | |||
| DCOMP | 0.80 | 0.08 | 0.00 | 0.57 | 1.12 | 1.62 | 4.78 | |||
| HTLFP | 0.31 | 0.02 | (0.17) | 0.52 | 0.34 | 0.97 | 2.32 | |||
| CCNEP | 1.01 | 0.13 | 0.03 | 3.26 | 1.16 | 2.66 | 8.21 |
Be your own money manager
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Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
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Fulton Financial Corporate Management
| Laura Wakeley | Sr Communications | Profile | |
| Meg Mueller | EVP Banking | Profile | |
| Mark McCollom | EVP CFO | Profile | |
| Matthew Jozwiak | Director VP | Profile | |
| Philip Wenger | Chairman CEO | Profile | |
| Anthony Cossetti | Chief VP | Profile | |
| Angela Sargent | Chief EVP | Profile |