First Bancshares Correlations

FUSB Stock

USD 14.49 0.08 0.56%

The current 90-days correlation between First Bancshares and Bank of the is -0.22 (i.e., Very good diversification). The correlation of First Bancshares 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 Bancshares Correlation With Market

Very weak diversification

The correlation between First Bancshares and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Bancshares 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 Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

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

Moving together with First Stock

0.68	BY	Byline Bancorp	Pair Corr
0.75	PB	Prosperity Bancshares	Pair Corr
0.63	WAFD	Washington Federal	Pair Corr
0.65	CFR	CullenFrost Bankers Earnings Call Today	Pair Corr
0.77	HTH	Hilltop Holdings	Pair Corr
0.61	HOPE	Hope Bancorp	Pair Corr
0.64	NBHC	National Bank Holdings	Pair Corr
0.74	QCRH	QCR Holdings	Pair Corr
0.72	AMAL	Amalgamated Bank	Pair Corr
0.72	SBSI	Southside Bancshares	Pair Corr
0.74	STBA	ST Bancorp	Pair Corr
0.75	BOKF	BOK Financial	Pair Corr
0.73	TCBK	TriCo Bancshares	Pair Corr
0.64	BVFL	BV Financial Common	Pair Corr
0.65	CADE	Cadence Bancorp	Pair Corr
0.64	CBSH	Commerce Bancshares	Pair Corr
0.64	CNOB	ConnectOne Bancorp Earnings Call Today	Pair Corr
0.64	DCOM	Dime Community Bancshares	Pair Corr
0.65	UVSP	Univest Pennsylvania	Pair Corr
0.74	TLK	Telkom Indonesia Tbk	Pair Corr
0.65	TLKMF	Telkom Indonesia Tbk	Pair Corr

Moving against First Stock

0.65	PBHC	Pathfinder Bancorp Earnings Call Today	Pair Corr
0.43	LDI	Loandepot	Pair Corr
0.63	PBCRY	Bank Central Asia	Pair Corr
0.4	PTAIF	PT Astra International	Pair Corr

Related Correlations Analysis

	BOTJ	UBCP	IROQ	FDSB	FNWB	AUBN	SSBI	CPBI	CASH	FGBI
BOTJ		0.82	0.87	0.86	0.68	-0.07	0.44	0.74	0.66	-0.05	BOTJ
UBCP	0.82		0.77	0.91	0.44	0.24	0.51	0.78	0.59	0.1	UBCP
IROQ	0.87	0.77		0.92	0.7	-0.03	0.72	0.88	0.77	0.29	IROQ
FDSB	0.86	0.91	0.92		0.59	0.09	0.73	0.94	0.75	0.32	FDSB
FNWB	0.68	0.44	0.7	0.59		-0.31	0.53	0.58	0.75	0.08	FNWB
AUBN	-0.07	0.24	-0.03	0.09	-0.31		0.11	0.08	0.01	0.1	AUBN
SSBI	0.44	0.51	0.72	0.73	0.53	0.11		0.85	0.8	0.77	SSBI
CPBI	0.74	0.78	0.88	0.94	0.58	0.08	0.85		0.79	0.51	CPBI
CASH	0.66	0.59	0.77	0.75	0.75	0.01	0.8	0.79		0.4	CASH
FGBI	-0.05	0.1	0.29	0.32	0.08	0.1	0.77	0.51	0.4		FGBI
	BOTJ	UBCP	IROQ	FDSB	FNWB	AUBN	SSBI	CPBI	CASH	FGBI

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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

CPBI	+ 0.94	FDSB
FDSB	+ 0.92	IROQ
FDSB	+ 0.91	UBCP
CPBI	+ 0.88	IROQ
IROQ	+ 0.87	BOTJ
FDSB	+ 0.86	BOTJ

High negative correlations

AUBN	- 0.31	FNWB
AUBN	- 0.07	BOTJ
FGBI	- 0.05	BOTJ
AUBN	- 0.03	IROQ

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Bancshares 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 Bancshares' 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
BOTJ	1.20	0.28	0.13	(1.05)	1.20	(1.38)	2.78	(2.51)	9.56
UBCP	1.21	0.15	0.06	0.59	1.37	(1.31)	2.86	(2.56)	8.48
IROQ	0.51	0.07	0.00	1.79	0.60	(0.59)	1.38	(0.89)	5.02
FDSB	0.48	0.17	0.17	2.69	0.28	(0.57)	1.09	(1.05)	3.97
FNWB	1.34	0.42	0.32	0.69	0.78	(1.76)	3.29	(1.90)	11.68
AUBN	2.33	(0.03)	0.00	0.30	0.00	0.00	4.68	(4.38)	17.69
SSBI	1.20	0.23	0.08	1.45	1.79	(1.22)	3.62	(2.69)	8.49
CPBI	0.73	0.13	0.05	0.69	1.11	(0.76)	1.68	(1.19)	6.35
CASH	1.32	0.23	0.17	0.32	1.03	(1.55)	3.43	(1.75)	7.62
FGBI	3.11	0.09	0.03	0.11	4.77	(3.24)	5.38	(7.07)	21.15

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