First American Correlations
| Y1F Stock | EUR 63.00 0.50 0.79% |
The current 90-days correlation between First American Financial and Silicon Motion Technology is -0.18 (i.e., Good diversification). The correlation of First American 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 American Correlation With Market
Weak diversification
The correlation between First American Financial and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First American Financial and DJI in the same portfolio, assuming nothing else is changed.
First |
The ability to find closely correlated positions to First American could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First American when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First American - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First American Financial to buy it.
Moving together with First Stock
| 0.9 | MGC | MGIC Investment | PairCorr |
| 0.8 | DHU | Assured Guaranty | PairCorr |
| 0.81 | RAG | Radian Group | PairCorr |
| 0.66 | TPW | Trupanion | PairCorr |
| 0.81 | YGB | EMPLOYERS HLDGS DL | PairCorr |
| 0.77 | BAC | Verizon Communications | PairCorr |
| 0.61 | E908 | Lyxor 1 | PairCorr |
Moving against First Stock
| 0.71 | PQ9 | BANK MANDIRI | PairCorr |
| 0.69 | BYRA | PT Bank Rakyat | PairCorr |
| 0.63 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.63 | PQ9 | PT Bank Mandiri | PairCorr |
| 0.61 | SSU | Samsung Electronics | PairCorr |
| 0.61 | SSU | Samsung Electronics | PairCorr |
| 0.56 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.53 | SSUN | Samsung Electronics | PairCorr |
| 0.52 | SSUN | Samsung Electronics | PairCorr |
| 0.51 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.48 | BYRA | PT Bank Rakyat | PairCorr |
| 0.39 | C4X | Onxeo SA | PairCorr |
| 0.38 | 3GU | nib holdings limited | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between First Stock performing well and First American 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 American'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| S9M | 1.80 | 0.02 | (0.01) | 0.15 | 2.03 | 3.88 | 10.04 | |||
| 8HH | 1.79 | (0.26) | 0.00 | (0.77) | 0.00 | 3.55 | 20.85 | |||
| S8M | 2.03 | (0.76) | 0.00 | (1.55) | 0.00 | 3.33 | 14.44 | |||
| GCB | 1.99 | (0.07) | 0.00 | 0.31 | 0.00 | 4.55 | 16.35 | |||
| 3AM | 0.63 | 0.04 | (0.02) | 0.30 | 0.77 | 2.69 | 12.51 | |||
| 4QVA | 1.93 | 0.12 | (0.01) | (0.09) | 2.66 | 5.88 | 18.06 | |||
| MUG | 1.12 | 0.03 | (0.03) | 0.19 | 1.32 | 2.38 | 8.42 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in First American without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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First American Corporate Management
Elected by the shareholders, the First American's board of directors comprises two types of representatives: First American inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First American's management team and ensure that shareholders' interests are well served. First American's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First American's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Christopher Leavell | Ex Officer | Profile | |
| Craig Barberio | Director Relations | Profile | |
| George Livermore | Ex Solutions | Profile | |
| Matthew Wajner | VP Treasurer | Profile | |
| Mark Rutherford | VP HR | Profile | |
| Mark Seaton | Ex CFO | Profile | |
| Lisa Cornehl | Chief VP | Profile |