First Bancshares Correlations

FUSB Stock

USD 13.56 0.06 0.44%

The current 90-days correlation between First Bancshares and Bank of the is 0.3 (i.e., Weak 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

Good diversification

The correlation between First Bancshares and DJI is -0.01 (i.e., Good 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 real.

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

Moving together with First Stock

0.84	BIRG	Bank of Ireland	Pair Corr
0.81	ECBK	ECB Bancorp	Pair Corr
0.61	BOH	Bank of Hawaii	Pair Corr
0.68	CAC	Camden National	Pair Corr
0.65	TFC	Truist Financial Corp	Pair Corr
0.73	HTBK	Heritage Commerce Corp	Pair Corr
0.77	SBID	State Bank	Pair Corr
0.77	601187	Xiamen Bank	Pair Corr
0.9	LSBK	Lake Shore Bancorp	Pair Corr
0.69	ORRF	Orrstown Financial	Pair Corr
0.78	QCRH	QCR Holdings	Pair Corr
0.74	SBFG	SB Financial Group	Pair Corr
0.72	SMBC	Southern Missouri Bancorp	Pair Corr
0.88	BCAL	Southern California	Pair Corr

Moving against First Stock

0.66	LDI	Loandepot	Pair Corr
0.52	601658	Postal Savings Bank	Pair Corr
0.65	SFBC	Sound Financial Bancorp	Pair Corr
0.33	INBK	First Internet Bancorp	Pair Corr
0.31	601665	Qilu Bank	Pair Corr
0.7	BYFC	Broadway Financial	Pair Corr
0.63	HCMC	Healthier Choices	Pair Corr
0.58	CMWCF	Cromwell Property	Pair Corr

Related Correlations Analysis

	BOTJ	UBCP	IROQ	FDSB	FNWB	AUBN	SSBI	CPBI	CASH	FGBI
BOTJ		0.62	0.85	0.71	0.89	-0.12	-0.25	0.57	0.22	-0.83	BOTJ
UBCP	0.62		0.75	0.94	0.36	0.2	0.45	0.88	0.61	-0.26	UBCP
IROQ	0.85	0.75		0.84	0.64	0.05	0.07	0.71	0.45	-0.59	IROQ
FDSB	0.71	0.94	0.84		0.43	0.18	0.41	0.94	0.64	-0.32	FDSB
FNWB	0.89	0.36	0.64	0.43		-0.33	-0.52	0.29	0.01	-0.92	FNWB
AUBN	-0.12	0.2	0.05	0.18	-0.33		0.55	0.25	0.06	0.31	AUBN
SSBI	-0.25	0.45	0.07	0.41	-0.52	0.55		0.51	0.58	0.63	SSBI
CPBI	0.57	0.88	0.71	0.94	0.29	0.25	0.51		0.62	-0.15	CPBI
CASH	0.22	0.61	0.45	0.64	0.01	0.06	0.58	0.62		0.09	CASH
FGBI	-0.83	-0.26	-0.59	-0.32	-0.92	0.31	0.63	-0.15	0.09		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

FDSB	+ 0.94	UBCP
CPBI	+ 0.94	FDSB
FNWB	+ 0.89	BOTJ
CPBI	+ 0.88	UBCP
IROQ	+ 0.85	BOTJ
FDSB	+ 0.84	IROQ

High negative correlations

FGBI	- 0.92	FNWB
FGBI	- 0.83	BOTJ
FGBI	- 0.59	IROQ
SSBI	- 0.52	FNWB
AUBN	- 0.33	FNWB
FGBI	- 0.32	FDSB

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	1.18	0.26	0.11	3.60	1.28	(1.31)	2.78	(2.51)	9.56
UBCP	1.24	0.03	(0.03)	0.33	1.54	(1.41)	2.86	(2.56)	5.83
IROQ	0.55	0.07	(0.01)	2.48	0.63	(0.60)	1.42	(1.26)	5.02
FDSB	0.59	0.08	0.04	0.34	0.55	(0.69)	1.87	(1.14)	3.92
FNWB	1.07	0.26	0.15	(20.16)	0.84	(1.29)	2.64	(1.90)	11.46
AUBN	2.45	(0.03)	0.00	(0.10)	0.00	0.00	4.58	(4.63)	17.69
SSBI	1.03	(0.02)	(0.04)	0.01	1.93	(0.98)	2.38	(2.69)	8.92
CPBI	0.61	0.04	(0.03)	0.42	0.99	(0.63)	1.37	(1.17)	5.01
CASH	1.21	(0.07)	(0.03)	0.02	1.83	(1.25)	2.84	(1.88)	11.78
FGBI	3.59	(0.16)	0.00	0.02	4.93	(3.89)	8.86	(7.07)	29.68

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