First Hawaiian Correlations

Stocks Germany . 
Stock . First Hawaiian
1HI Stock  EUR 25.00  0.20  0.81%   
The current 90-days correlation between First Hawaiian and US Physical Therapy is -0.11 (i.e., Good diversification). The correlation of First Hawaiian 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 Hawaiian Correlation With Market

Average diversification

The correlation between First Hawaiian and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Hawaiian and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to First Hawaiian 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 Hawaiian 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 Hawaiian - 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 Hawaiian to buy it.

Moving together with First Stock

  0.95UB5 US BancorpPairCorr
  0.97PNP PNC FinancialPairCorr
  0.9FFH Fifth Third BancorpPairCorr
  0.93MTZ MT Bank CorpPairCorr
  0.96HU3 Huntington BancsharesPairCorr
  0.92RN7 Regions FinancialPairCorr
  0.961C5 Citizens FinancialPairCorr
  0.94KEY KeyCorpPairCorr
  0.8RC2 RCM TECHNOLOGIESPairCorr
  0.623RK Ryohin Keikaku Earnings Call This WeekPairCorr
  0.62XGH ENN Energy HoldingsPairCorr
  0.8BMT British American TobaccoPairCorr
  0.89DTE Deutsche TelekomPairCorr
  0.865F3 JINS HOLDINGS INCPairCorr
  0.69ZOF SBI HoldingsPairCorr
  0.83RHM Rheinmetall AGPairCorr
  0.64NTT Nippon TelegraphPairCorr
  0.76NVD NVIDIAPairCorr
  0.68AIRA Airbus SEPairCorr
  0.81CWK0 CRAWFORD A NVPairCorr
  0.85OTP OTP Bank NyrtPairCorr

Moving against First Stock

  0.7HVB STRA HannoverschePairCorr
  0.65GD6 Ramsay Gnrale dePairCorr
  0.37DBPD Xtrackers ShortDAXPairCorr

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   
UP2
+ 0.92
UPH
SC3
+ 0.88
UPH
UP2
+ 0.86
XCY
XCY
+ 0.84
UPH
SC3
+ 0.73
XCY
SC3
+ 0.73
UP2
  
High negative correlations   
RH7
- 0.38
SC3
RH7
- 0.31
UPH
RH7
- 0.29
UP2
RH7
- 0.26
XCY
RZH
- 0.24
RH7
RZH
- 0.06
GHC

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Hawaiian 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 Hawaiian'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in First Hawaiian 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.

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First Hawaiian Corporate Management

Elected by the shareholders, the First Hawaiian's board of directors comprises two types of representatives: First Hawaiian 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 Hawaiian's management team and ensure that shareholders' interests are well served. First Hawaiian'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 Hawaiian's outside directors are responsible for providing unbiased perspectives on the board's policies.
Gina AnonuevoExec OfficerProfile
Kevin CFAStrategic MangProfile
Christopher DodsVice COOProfile
Iris MatsumotoEx OfficerProfile
Joel JDGen GroupProfile
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