First Bancshares, Correlations

FBMS Stock

USD 35.79 0.74 2.11%

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. If the correlation is 0, the equities are not correlated; they are entirely random.

First Bancshares, Correlation With Market

Very weak diversification

The correlation between The First Bancshares, and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The First Bancshares, and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in The 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 population.

Moving together with First Stock

0.73	BY	Byline Bancorp	Pair Corr
0.87	NU	Nu Holdings	Pair Corr
0.81	PB	Prosperity Bancshares	Pair Corr
0.67	RF	Regions Financial	Pair Corr
0.86	EBTC	Enterprise Bancorp	Pair Corr
0.93	EFSC	Enterprise Financial	Pair Corr
0.85	WASH	Washington Trust Bancorp	Pair Corr
0.76	EQBK	Equity Bancshares,	Pair Corr
0.86	ESSA	ESSA Bancorp	Pair Corr
0.66	TFINP	Triumph Financial	Pair Corr
0.74	WMPN	William Penn Bancorp	Pair Corr

Moving against First Stock

0.43	ECBK	ECB Bancorp	Pair Corr
0.38	VBFC	Village Bank	Pair Corr

Related Correlations Analysis

	HMNF	FNWB	CWBC	FFNW	GSBC	OFED	CULL	BWFG	FRAF	AFBI
HMNF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HMNF
FNWB	0.0		0.21	0.04	0.23	0.0	0.0	0.45	0.58	-0.29	FNWB
CWBC	0.0	0.21		0.22	0.88	0.0	0.0	0.81	-0.07	0.48	CWBC
FFNW	0.0	0.04	0.22		0.27	0.0	0.0	0.3	0.04	0.1	FFNW
GSBC	0.0	0.23	0.88	0.27		0.0	0.0	0.64	-0.24	0.33	GSBC
OFED	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	OFED
CULL	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CULL
BWFG	0.0	0.45	0.81	0.3	0.64	0.0	0.0		0.33	0.41	BWFG
FRAF	0.0	0.58	-0.07	0.04	-0.24	0.0	0.0	0.33		-0.01	FRAF
AFBI	0.0	-0.29	0.48	0.1	0.33	0.0	0.0	0.41	-0.01		AFBI
	HMNF	FNWB	CWBC	FFNW	GSBC	OFED	CULL	BWFG	FRAF	AFBI

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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

GSBC	+ 0.88	CWBC
BWFG	+ 0.81	CWBC
BWFG	+ 0.64	GSBC
FRAF	+ 0.58	FNWB
AFBI	+ 0.48	CWBC
BWFG	+ 0.45	FNWB

High negative correlations

AFBI	- 0.29	FNWB
FRAF	- 0.24	GSBC
FRAF	- 0.07	CWBC
AFBI	- 0.01	FRAF
AFBI	- 0.0	CULL
FRAF	- 0.0	CULL

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,'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
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FNWB	1.20	0.00	0.00	(0.07)	0.00	0.00	2.68	(2.76)	9.99
CWBC	0.99	(0.21)	0.00	(0.33)	0.00	0.00	2.28	(2.17)	6.01
FFNW	0.98	0.05	0.10	(4.29)	1.01	(1.14)	1.17	(1.77)	16.29
GSBC	1.25	(0.16)	0.00	(0.26)	0.00	0.00	2.27	(3.02)	7.73
OFED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BWFG	1.50	(0.02)	0.00	(0.09)	0.00	0.00	3.42	(2.91)	8.46
FRAF	1.11	0.16	0.16	0.25	1.01	(1.39)	4.20	(2.14)	8.27
AFBI	1.15	(0.11)	0.00	(0.39)	0.00	0.00	2.53	(2.02)	22.46

First Bancshares, Corporate Management

CPA CPA	Ex CFO	Profile
David Bush	A First	Profile
Wade Neth	First Region	Profile
Ray Wesson	A First	Profile
Carol Daniel	A First	Profile
Chris Ryals	Ex COO	Profile

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