First Bancshares Correlations

FUSB Stock

USD 15.35 0.06 0.39%

The current 90-days correlation between First Bancshares and Bank of the is 0.04 (i.e., Significant 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

Poor diversification

The correlation between First Bancshares and DJI is 0.65 (i.e., Poor 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

0.77	BNPH	BNP PARIBAS ADR	Pair Corr
0.7	AON0	AOZORA BANK LTD	Pair Corr
0.77	AX	Axos Financial	Pair Corr
0.81	BY	Byline Bancorp	Pair Corr
0.74	RF	Regions Financial	Pair Corr
0.69	HH1	Hancock Whitney	Pair Corr
0.82	BCVN	Banque Cantonale Vaudoise	Pair Corr
0.79	LLBN	Liechtensteinische Earnings Call Tomorrow	Pair Corr
0.63	VBNK	VersaBank	Pair Corr
0.76	SANB	SANTANDER UK 8	Pair Corr
0.63	PWT	TFS Financial	Pair Corr
0.66	BEN	Bendigo and Adelaide	Pair Corr
0.74	B4M1	SpareBank 1 SR	Pair Corr
0.77	UIO	ATLANTIC UNION BANKSDL	Pair Corr
0.69	WBCPK	Westpac Banking	Pair Corr
0.77	FRYA	Swedbank AB	Pair Corr
0.8	VNB	Valley National Bancorp	Pair Corr
0.75	BRE	Banco Bradesco SA	Pair Corr
0.79	EBMT	Eagle Bancorp Montana	Pair Corr
0.73	ECBK	ECB Bancorp	Pair Corr
0.77	BNP	BNP Paribas SA	Pair Corr
0.81	EFSC	Enterprise Financial	Pair Corr
0.84	EGBN	Eagle Bancorp	Pair Corr
0.72	HSBK	Halyk Bank	Pair Corr
0.9	BCGE	Banque Cantonale	Pair Corr
0.79	WABC	Westamerica Bancorporation	Pair Corr
0.88	WASH	Washington Trust Bancorp	Pair Corr

Moving against First Stock

0.47

3YB

Postal Savings Bank

Pair Corr

Related Correlations Analysis

	BOTJ	UBCP	IROQ	FDSB	FNWB	AUBN	SSBI	CPBI	CASH	FGBI
BOTJ		0.67	0.86	0.77	0.57	-0.02	0.82	0.84	0.89	0.74	BOTJ
UBCP	0.67		0.69	0.87	0.2	0.34	0.58	0.77	0.5	0.49	UBCP
IROQ	0.86	0.69		0.88	0.63	-0.02	0.9	0.93	0.83	0.82	IROQ
FDSB	0.77	0.87	0.88		0.54	0.14	0.81	0.94	0.69	0.7	FDSB
FNWB	0.57	0.2	0.63	0.54		-0.34	0.77	0.66	0.78	0.64	FNWB
AUBN	-0.02	0.34	-0.02	0.14	-0.34		-0.05	0.02	-0.13	-0.14	AUBN
SSBI	0.82	0.58	0.9	0.81	0.77	-0.05		0.92	0.92	0.92	SSBI
CPBI	0.84	0.77	0.93	0.94	0.66	0.02	0.92		0.83	0.84	CPBI
CASH	0.89	0.5	0.83	0.69	0.78	-0.13	0.92	0.83		0.83	CASH
FGBI	0.74	0.49	0.82	0.7	0.64	-0.14	0.92	0.84	0.83		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
CPBI	+ 0.93	IROQ
CPBI	+ 0.92	SSBI
CASH	+ 0.92	SSBI
FGBI	+ 0.92	SSBI
SSBI	+ 0.9	IROQ

High negative correlations

AUBN	- 0.34	FNWB
FGBI	- 0.14	AUBN
CASH	- 0.13	AUBN
SSBI	- 0.05	AUBN
AUBN	- 0.02	IROQ
AUBN	- 0.02	BOTJ

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	1.29	0.32	0.17	(1.25)	1.26	(1.49)	2.79	(2.53)	9.55
UBCP	1.25	0.17	0.09	0.53	1.38	(1.36)	3.15	(2.83)	8.48
IROQ	0.50	0.10	0.09	0.87	0.41	(0.59)	1.50	(0.89)	5.02
FDSB	0.48	0.20	0.25	12.49	0.10	(0.56)	1.09	(0.93)	3.97
FNWB	1.02	0.13	0.10	0.43	0.91	(1.35)	2.90	(2.07)	8.81
AUBN	2.16	(0.02)	0.00	0.61	0.00	0.00	4.58	(4.35)	17.69
SSBI	1.10	0.37	0.20	(1.53)	1.06	(1.19)	3.62	(1.98)	6.91
CPBI	0.61	0.17	0.11	1.14	0.74	(0.66)	1.68	(1.06)	7.01
CASH	1.43	0.42	0.29	0.49	1.03	(1.69)	4.14	(1.75)	10.28
FGBI	2.95	0.62	0.18	0.41	3.12	(3.58)	8.86	(6.85)	24.16

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