Fulton Financial Correlations

FULTP Preferred Stock

USD 19.25 0.07 0.36%

The current 90-days correlation between Fulton Financial and United Community Banks, is -0.1 (i.e., Good 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

Significant diversification

The correlation between Fulton Financial and DJI is 0.03 (i.e., Significant 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.

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

0.77

USB-PH

US Bancorp

Pair Corr

Moving against Fulton Preferred Stock

0.78	CIHHF	China Merchants Bank	Pair Corr
0.71	MFG	Mizuho Financial	Pair Corr
0.71	BRK-B	Berkshire Hathaway	Pair Corr
0.64	CIHKY	China Merchants Bank	Pair Corr
0.64	HYMTF	Hyundai Motor	Pair Corr
0.55	BBDC4	Banco Bradesco SA	Pair Corr
0.32	BRK-A	Berkshire Hathaway	Pair Corr
0.31	HDB	HDFC Bank Limited Normal Trading	Pair Corr
0.86	DNLMY	Dunelm Group PLC	Pair Corr
0.81	REGN	Regeneron Pharmaceuticals	Pair Corr
0.76	KYOCF	Kyocera	Pair Corr
0.76	HL	Hecla Mining Aggressive Push	Pair Corr
0.68	TEO	Telecom Argentina	Pair Corr
0.67	NOEM	CO2 Energy Transition	Pair Corr
0.63	EGP	EastGroup Properties	Pair Corr
0.47	GWW	WW Grainger	Pair Corr
0.41	STAG	STAG Industrial	Pair Corr
0.4	ULTA	Ulta Beauty	Pair Corr
0.36	HE	Hawaiian Electric	Pair Corr
0.33	AVTBF	Avant Brands	Pair Corr
0.85	APGE	Apogee Therapeutics,	Pair Corr
0.72	SHIP	Seanergy Maritime	Pair Corr
0.71	AA	Alcoa Corp	Pair Corr
0.68	AKAM	Akamai Technologies	Pair Corr
0.63	BAC	Bank of America Aggressive Push	Pair Corr
0.63	CHACR	Crane Harbor Acquisition	Pair Corr

Related Correlations Analysis

	UCB	ASB	BANF	SNV	SFBS	TCBI	MTB	FIBK	BBAR
UCB		0.89	0.4	0.9	0.58	0.68	0.85	0.74	0.03	UCB
ASB	0.89		0.17	0.89	0.34	0.86	0.86	0.86	0.27	ASB
BANF	0.4	0.17		0.1	0.94	-0.24	0.13	-0.19	-0.79	BANF
SNV	0.9	0.89	0.1		0.3	0.86	0.98	0.91	0.34	SNV
SFBS	0.58	0.34	0.94	0.3		-0.07	0.31	0.0	-0.68	SFBS
TCBI	0.68	0.86	-0.24	0.86	-0.07		0.84	0.94	0.64	TCBI
MTB	0.85	0.86	0.13	0.98	0.31	0.84		0.9	0.35	MTB
FIBK	0.74	0.86	-0.19	0.91	0.0	0.94	0.9		0.63	FIBK
BBAR	0.03	0.27	-0.79	0.34	-0.68	0.64	0.35	0.63		BBAR
	UCB	ASB	BANF	SNV	SFBS	TCBI	MTB	FIBK	BBAR

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

MTB	+ 0.98	SNV
SFBS	+ 0.94	BANF
FIBK	+ 0.94	TCBI
FIBK	+ 0.91	SNV
SNV	+ 0.9	UCB
FIBK	+ 0.9	MTB

High negative correlations

BBAR	- 0.79	BANF
BBAR	- 0.68	SFBS
TCBI	- 0.24	BANF
FIBK	- 0.19	BANF
TCBI	- 0.07	SFBS
FIBK	- 0.0	SFBS

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
UCB	1.09	(0.03)	(0.01)	0.05	1.86	(1.06)	2.88	(2.61)	9.85
ASB	1.21	(0.06)	(0.01)	0.04	1.82	(1.35)	3.48	(3.10)	9.59
BANF	1.12	(0.35)	0.00	(0.22)	0.00	0.00	2.05	(2.36)	10.29
SNV	1.27	0.01	0.02	0.08	1.88	(1.28)	2.93	(1.91)	9.63
SFBS	1.35	(0.25)	0.00	(0.14)	0.00	0.00	3.40	(4.22)	10.54
TCBI	1.39	0.02	0.03	0.09	2.05	(1.35)	3.32	(3.08)	10.88
MTB	0.95	(0.01)	0.00	0.07	1.25	(1.03)	2.38	(2.35)	5.84
FIBK	1.29	0.03	0.04	0.10	1.79	(1.45)	3.48	(3.17)	10.49
BBAR	3.59	0.94	0.29	0.54	2.63	(4.28)	9.20	(5.59)	45.89

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fulton Financial 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?

Run Share Portfolio Now

Share Portfolio

Track or share privately all of your investments from the convenience of any device

All Next

Launch Module

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC