First United Correlations

FUNC Stock

USD 39.21 1.43 3.79%

The current 90-days correlation between First United and Investar Holding Corp is 0.03 (i.e., Significant diversification). The correlation of First United 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 United Correlation With Market

Good diversification

The correlation between First United and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First United and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with First Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First United. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For information on how to trade First Stock refer to our How to Trade First Stock guide.

Moving together with First Stock

0.67	BIRG	Bank of Ireland	Pair Corr
0.78	EFSC	Enterprise Financial	Pair Corr
0.72	FBNC	First Bancorp Normal Trading	Pair Corr
0.75	AUB	Atlantic Union Bankshares Earnings Call This Week	Pair Corr
0.77	CCB	Coastal Financial Corp	Pair Corr
0.84	FCF	First Commonwealth	Pair Corr
0.86	FRME	First Merchants	Pair Corr
0.84	FNB	FNB Corp Earnings Call This Week	Pair Corr
0.85	HTH	Hilltop Holdings Earnings Call This Week	Pair Corr
0.76	FVCB	FVCBankcorp Earnings Call This Week	Pair Corr
0.62	NIC	Nicolet Bankshares Earnings Call This Week	Pair Corr
0.8	ONB	Old National Bancorp Earnings Call This Week	Pair Corr
0.88	GABC	German American Bancorp	Pair Corr
0.88	TMP	Tompkins Financial	Pair Corr
0.73	601187	Xiamen Bank	Pair Corr
0.79	NBHC	National Bank Holdings	Pair Corr
0.81	NBTB	NBT Bancorp	Pair Corr
0.76	LB	Laurentian Bank	Pair Corr
0.81	AFBI	Affinity Bancshares	Pair Corr
0.84	SBFG	SB Financial Group Normal Trading	Pair Corr
0.74	AROW	Arrow Financial	Pair Corr
0.84	SRBK	SR Bancorp Common	Pair Corr
0.93	SRCE	1st Source Earnings Call This Week	Pair Corr
0.84	STBA	ST Bancorp Earnings Call This Week	Pair Corr
0.85	BANR	Banner Earnings Call This Week	Pair Corr
0.86	STEL	Stellar Bancorp	Pair Corr
0.93	BHRB	Burke Herbert Financial Earnings Call This Week	Pair Corr
0.83	TCBK	TriCo Bancshares Earnings Call This Week	Pair Corr

Moving against First Stock

0.74	601665	Qilu Bank	Pair Corr
0.62	601658	Postal Savings Bank	Pair Corr

Related Correlations Analysis

	ISTR	LCNB	OVLY	CFFI	FVCB	FSFG	VABK	HWBK	BPRN	PVBC
ISTR		0.93	0.87	0.66	0.9	0.91	0.64	0.74	0.86	-0.06	ISTR
LCNB	0.93		0.89	0.8	0.87	0.85	0.75	0.81	0.92	-0.18	LCNB
OVLY	0.87	0.89		0.75	0.89	0.72	0.64	0.64	0.91	0.1	OVLY
CFFI	0.66	0.8	0.75		0.69	0.68	0.81	0.64	0.71	-0.17	CFFI
FVCB	0.9	0.87	0.89	0.69		0.84	0.65	0.61	0.84	0.01	FVCB
FSFG	0.91	0.85	0.72	0.68	0.84		0.62	0.71	0.75	-0.25	FSFG
VABK	0.64	0.75	0.64	0.81	0.65	0.62		0.68	0.65	-0.25	VABK
HWBK	0.74	0.81	0.64	0.64	0.61	0.71	0.68		0.78	-0.47	HWBK
BPRN	0.86	0.92	0.91	0.71	0.84	0.75	0.65	0.78		-0.12	BPRN
PVBC	-0.06	-0.18	0.1	-0.17	0.01	-0.25	-0.25	-0.47	-0.12		PVBC
	ISTR	LCNB	OVLY	CFFI	FVCB	FSFG	VABK	HWBK	BPRN	PVBC

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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

LCNB	+ 0.93	ISTR
BPRN	+ 0.92	LCNB
FSFG	+ 0.91	ISTR
BPRN	+ 0.91	OVLY
FVCB	+ 0.9	ISTR
OVLY	+ 0.89	LCNB

High negative correlations

PVBC	- 0.47	HWBK
PVBC	- 0.25	VABK
PVBC	- 0.25	FSFG
PVBC	- 0.18	LCNB
PVBC	- 0.17	CFFI
PVBC	- 0.12	BPRN

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First United 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 United'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
ISTR	1.15	0.19	0.15	0.26	1.01	(1.41)	3.13	(1.91)	8.74
LCNB	1.27	0.22	0.09	1.83	1.33	(1.51)	2.81	(2.13)	8.02
OVLY	1.20	0.24	0.14	0.83	0.94	(1.53)	2.88	(1.49)	6.15
CFFI	1.39	0.11	0.01	(1.67)	1.80	(1.46)	2.87	(2.89)	8.22
FVCB	1.21	0.27	0.11	3.90	1.33	(1.41)	2.95	(2.48)	12.04
FSFG	1.17	(0.04)	(0.02)	0.05	1.46	(1.36)	2.69	(1.96)	8.00
VABK	1.52	0.06	(0.01)	0.41	1.64	(1.71)	3.26	(2.28)	8.20
HWBK	1.56	0.10	0.01	0.61	2.04	(1.61)	2.88	(2.95)	12.58
BPRN	1.25	0.29	0.13	2.06	1.33	(1.40)	3.27	(3.05)	9.93
PVBC	0.63	0.10	0.01	(1.38)	0.52	(0.75)	1.73	(1.08)	3.72

First United Corporate Management

Keith MBA	Senior Officer	Profile
Julie Peterson	Senior Officer	Profile
CPA CFP	Pres Chairman	Profile
Robert II	Senior Officer	Profile

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