First Bancorp Correlations

FBNC Stock

USD 40.36 0.25 0.62%

The current 90-days correlation between First Bancorp and First Business Financial is 0.82 (i.e., Very poor diversification). The correlation of First Bancorp 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 Bancorp Correlation With Market

Very weak diversification

The correlation between First Bancorp and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Bancorp 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 First Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade First Stock refer to our How to Trade First Stock guide.

Moving together with First Stock

0.98	AX	Axos Financial	Pair Corr
0.89	BY	Byline Bancorp	Pair Corr
0.67	KB	KB Financial Group	Pair Corr
0.81	PB	Prosperity Bancshares	Pair Corr
0.88	RF	Regions Financial	Pair Corr
0.72	VABK	Virginia National	Pair Corr
0.88	VBNK	VersaBank	Pair Corr
0.95	VBTX	Veritex Holdings	Pair Corr
0.97	EGBN	Eagle Bancorp	Pair Corr
0.74	WABC	Westamerica Bancorporation	Pair Corr
0.78	WAFD	Washington Federal	Pair Corr
0.77	WASH	Washington Trust Bancorp	Pair Corr
0.9	EQBK	Equity Bancshares,	Pair Corr
0.75	WAFDP	Washington Federal	Pair Corr
0.67	TFINP	Triumph Financial	Pair Corr
0.91	EVBN	Evans Bancorp	Pair Corr
0.83	WMPN	William Penn Bancorp	Pair Corr

Moving against First Stock

0.86	VBFC	Village Bank	Pair Corr
0.71	DB	Deutsche Bank AG	Pair Corr
0.65	TECTP	Tectonic Financial	Pair Corr
0.42	EBMT	Eagle Bancorp Montana	Pair Corr
0.51	KEY-PI	KeyCorp	Pair Corr
0.48	WSBCP	WesBanco	Pair Corr
0.43	BANC-PF	Banc of California	Pair Corr

Related Correlations Analysis

	HBCP	FBIZ	LNKB	OFED	GSBC	FNWB	HMNF	CWBC	HTBI	BKSC
HBCP		0.79	0.39	0.0	0.51	0.68	0.0	0.59	-0.7	0.0	HBCP
FBIZ	0.79		0.22	0.0	0.1	0.72	0.0	0.22	-0.49	0.0	FBIZ
LNKB	0.39	0.22		0.0	0.71	0.21	0.0	0.73	0.07	0.0	LNKB
OFED	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	OFED
GSBC	0.51	0.1	0.71	0.0		0.22	0.0	0.91	-0.11	0.0	GSBC
FNWB	0.68	0.72	0.21	0.0	0.22		0.0	0.2	-0.58	0.0	FNWB
HMNF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	HMNF
CWBC	0.59	0.22	0.73	0.0	0.91	0.2	0.0		-0.08	0.0	CWBC
HTBI	-0.7	-0.49	0.07	0.0	-0.11	-0.58	0.0	-0.08		0.0	HTBI
BKSC	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		BKSC
	HBCP	FBIZ	LNKB	OFED	GSBC	FNWB	HMNF	CWBC	HTBI	BKSC

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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

CWBC	+ 0.91	GSBC
FBIZ	+ 0.79	HBCP
CWBC	+ 0.73	LNKB
FNWB	+ 0.72	FBIZ
GSBC	+ 0.71	LNKB
FNWB	+ 0.68	HBCP

High negative correlations

HTBI	- 0.7	HBCP
HTBI	- 0.58	FNWB
HTBI	- 0.49	FBIZ
HTBI	- 0.11	GSBC
HTBI	- 0.08	CWBC
BKSC	- 0.0	HTBI

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Bancorp 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 Bancorp'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
HBCP	1.33	(0.04)	(0.11)	2.82	(3.06)	8.36
FBIZ	1.51	0.04	(0.03)	2.86	(3.19)	8.96
LNKB	1.44	(0.10)	(0.18)	3.17	(2.96)	8.31
OFED	0.00	0.00	0.00	0.00	0.00	0.00
GSBC	1.23	(0.13)	(0.23)	2.27	(3.02)	7.73
FNWB	1.17	0.03	(0.03)	2.68	(2.76)	9.99
HMNF	0.00	0.00	0.00	0.00	0.00	0.00
CWBC	0.98	(0.19)	(0.32)	2.28	(2.17)	6.01
HTBI	1.24	(0.03)	0.64	2.33	(1.88)	7.22
BKSC	0.00	0.00	0.00	0.00	0.00	0.00

First Bancorp Corporate Executives

Elected by the shareholders, the First Bancorp's board of directors comprises two types of representatives: First Bancorp 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 Bancorp's management team and ensure that shareholders' interests are well served. First Bancorp'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 Bancorp's outside directors are responsible for providing unbiased perspectives on the board's policies.

Christian Wilson

Executive COO

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