First Financial Correlations

THFF Stock

USD 48.15 0.06 0.12%

The current 90-days correlation between First Financial and Chemung Financial Corp is 0.53 (i.e., Very weak diversification). The correlation of First 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.

First Financial Correlation With Market

Modest diversification

The correlation between First Financial and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Financial and DJI in the same portfolio, assuming nothing else is changed.

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

For more detail on how to invest in First Stock please use our How to Invest in First Financial guide.

Moving together with First Stock

0.89	AX	Axos Financial	Pair Corr
0.94	BY	Byline Bancorp	Pair Corr
0.86	PB	Prosperity Bancshares	Pair Corr
0.82	RF	Regions Financial	Pair Corr
0.74	VBTX	Veritex Holdings	Pair Corr
0.86	EFSC	Enterprise Financial Normal Trading	Pair Corr
0.73	EGBN	Eagle Bancorp	Pair Corr
0.83	WABC	Westamerica Bancorporation	Pair Corr
0.82	EQBK	Equity Bancshares,	Pair Corr
0.74	ESSA	ESSA Bancorp	Pair Corr
0.89	EVBN	Evans Bancorp Earnings Call Today	Pair Corr
0.81	EWBC	East West Bancorp	Pair Corr
0.64	WMPN	William Penn Bancorp	Pair Corr

Moving against First Stock

0.68	FRCCL	First Republic Bank	Pair Corr
0.68	FRCHL	First Republic Bank	Pair Corr

Related Correlations Analysis

	CHMG	CZNC	NKSH	FDBC	FNWD	GSBC	FMBH	FRAF	CWBC	FSBW
CHMG		0.59	0.75	0.67	0.49	0.87	0.78	0.59	0.89	0.67	CHMG
CZNC	0.59		0.72	0.39	0.23	0.59	0.75	0.74	0.63	0.59	CZNC
NKSH	0.75	0.72		0.66	0.48	0.81	0.88	0.77	0.85	0.8	NKSH
FDBC	0.67	0.39	0.66		0.93	0.61	0.84	0.47	0.65	0.91	FDBC
FNWD	0.49	0.23	0.48	0.93		0.4	0.71	0.34	0.5	0.82	FNWD
GSBC	0.87	0.59	0.81	0.61	0.4		0.8	0.58	0.86	0.69	GSBC
FMBH	0.78	0.75	0.88	0.84	0.71	0.8		0.71	0.86	0.94	FMBH
FRAF	0.59	0.74	0.77	0.47	0.34	0.58	0.71		0.65	0.59	FRAF
CWBC	0.89	0.63	0.85	0.65	0.5	0.86	0.86	0.65		0.73	CWBC
FSBW	0.67	0.59	0.8	0.91	0.82	0.69	0.94	0.59	0.73		FSBW
	CHMG	CZNC	NKSH	FDBC	FNWD	GSBC	FMBH	FRAF	CWBC	FSBW

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First 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 First 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
CHMG	1.36	0.22	0.11	1.64	1.20	(1.84)	3.06	(2.15)	11.96
CZNC	1.55	0.21	0.14	0.41	1.14	(2.15)	4.39	(2.22)	10.66
NKSH	1.94	(0.03)	(0.01)	0.04	2.53	(1.99)	4.30	(4.42)	12.11
FDBC	1.74	(0.27)	0.00	(0.32)	0.00	0.00	4.88	(3.69)	15.82
FNWD	0.96	(0.25)	0.00	(0.99)	0.00	0.00	2.12	(2.54)	8.51
GSBC	1.52	0.04	0.00	0.14	1.99	(1.56)	2.62	(2.99)	19.07
FMBH	1.51	(0.05)	0.00	(0.04)	0.00	0.00	2.96	(2.64)	18.85
FRAF	1.09	0.18	0.11	0.58	0.95	(1.36)	4.60	(2.17)	11.12
CWBC	1.08	0.03	(0.01)	0.13	1.27	(1.16)	2.53	(1.95)	11.26
FSBW	1.71	(0.13)	0.00	(0.09)	0.00	0.00	3.56	(3.22)	16.14

First Financial Corporate Management

Steven Holliday	Chief Credit Officer of First Financial Bank N.A. and VP of First Financial Bank N.A.	Profile
Karen StinsonMilienu	First Officer	Profile
Terry Tevlin	Vice Marketing	Profile
Bob Renock	Chief Officer	Profile
Mark Franklin	Senior Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC