Fulton Financial Correlations

FULTP Preferred Stock

USD 18.71 0.02 0.11%

The current 90-days correlation between Fulton Financial and United Community Banks is 0.04 (i.e., Significant 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

Average diversification

The correlation between Fulton Financial and DJI is 0.15 (i.e., Average 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

0.65	HDB	HDFC Bank Limited	Pair Corr
0.69	VFSWW	VinFast Auto	Pair Corr

Moving against Fulton Preferred Stock

0.83	MFG	Mizuho Financial	Pair Corr
0.81	PNC	PNC Financial Services	Pair Corr
0.75	MUFG	Mitsubishi UFJ Financial Normal Trading	Pair Corr
0.73	CIHHF	China Merchants Bank	Pair Corr
0.66	EC	Ecopetrol SA ADR	Pair Corr
0.64	WF	Woori Financial Group	Pair Corr
0.49	KB	KB Financial Group	Pair Corr
0.46	BBDC4	Banco Bradesco SA	Pair Corr
0.39	SHG	Shinhan Financial	Pair Corr
0.36	VFS	VinFast Auto	Pair Corr
0.84	BJRI	BJs Restaurants	Pair Corr
0.84	GOOG	Alphabet Class C	Pair Corr
0.83	KGC	Kinross Gold Aggressive Push	Pair Corr
0.8	SMEGF	Siemens Energy AG	Pair Corr
0.79	NHPAP	National Healthcare	Pair Corr
0.77	BNPQY	BNP Paribas SA	Pair Corr
0.69	ZMPLF	Zimplats Holdings	Pair Corr
0.62	ECTXF	Electrolux Professional	Pair Corr
0.61	TLK	Telkom Indonesia Tbk	Pair Corr
0.58	THXPF	Thor Explorations	Pair Corr
0.55	ZETA	Zeta Global Holdings	Pair Corr
0.54	OOAG	OMDA Oil	Pair Corr
0.49	GDEN	Golden Entertainment	Pair Corr
0.87	EBRZF	Enbridge	Pair Corr
0.83	HL	Hecla Mining Aggressive Push	Pair Corr
0.79	DAC	Danaos	Pair Corr
0.79	WDC	Western Digital	Pair Corr

Related Correlations Analysis

	UCB	ASB	BANF	SNV	SFBS	TCBI	MTB	FIBK	BBAR
UCB		0.88	0.22	0.79	0.76	0.88	0.94	0.92	0.5	UCB
ASB	0.88		0.17	0.6	0.6	0.91	0.87	0.9	0.54	ASB
BANF	0.22	0.17		-0.01	0.64	-0.09	-0.08	-0.08	-0.53	BANF
SNV	0.79	0.6	-0.01		0.62	0.59	0.8	0.78	0.41	SNV
SFBS	0.76	0.6	0.64	0.62		0.47	0.58	0.55	0.02	SFBS
TCBI	0.88	0.91	-0.09	0.59	0.47		0.94	0.95	0.74	TCBI
MTB	0.94	0.87	-0.08	0.8	0.58	0.94		0.98	0.71	MTB
FIBK	0.92	0.9	-0.08	0.78	0.55	0.95	0.98		0.74	FIBK
BBAR	0.5	0.54	-0.53	0.41	0.02	0.74	0.71	0.74		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

FIBK	+ 0.98	MTB
FIBK	+ 0.95	TCBI
MTB	+ 0.94	UCB
MTB	+ 0.94	TCBI
FIBK	+ 0.92	UCB
TCBI	+ 0.91	ASB

High negative correlations

BBAR	- 0.53	BANF
TCBI	- 0.09	BANF
FIBK	- 0.08	BANF
MTB	- 0.08	BANF
SNV	- 0.01	BANF

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	1.06	0.00	(0.01)	0.09	1.64	(1.12)	2.61	(1.96)	6.58
ASB	1.11	(0.09)	(0.04)	0.02	1.52	(1.30)	3.31	(1.66)	8.56
BANF	1.17	(0.25)	0.00	(0.13)	0.00	0.00	2.45	(1.94)	6.53
SNV	1.31	0.05	(0.02)	(2.53)	1.99	(1.29)	2.93	(2.49)	9.63
SFBS	1.33	(0.13)	0.00	(0.03)	0.00	0.00	3.41	(3.26)	8.27
TCBI	1.32	0.09	0.06	0.16	1.78	(1.36)	3.04	(2.35)	7.56
MTB	0.94	0.11	0.10	0.20	0.98	(1.08)	2.43	(1.25)	5.45
FIBK	1.33	0.08	0.07	0.14	1.72	(1.48)	2.88	(2.39)	9.34
BBAR	3.01	0.94	0.42	0.61	1.74	(4.02)	8.67	(4.43)	46.87

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.

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