FirstCash Correlations

FCFS Stock

USD 118.16 1.13 0.97%

The current 90-days correlation between FirstCash and Upstart Holdings is 0.22 (i.e., Modest diversification). The correlation of FirstCash 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.

FirstCash Correlation With Market

Weak diversification

The correlation between FirstCash and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FirstCash 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 FirstCash. 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 information on how to buy FirstCash Stock please use our How to Invest in FirstCash guide.

Moving together with FirstCash Stock

0.72	V	Visa Class A	Pair Corr
0.8	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.78	DX	Dynex Capital	Pair Corr
0.66	LU	Lufax Holding	Pair Corr
0.82	LX	Lexinfintech Holdings	Pair Corr
0.67	PT	Pintec Technology	Pair Corr
0.77	XP	Xp Inc Normal Trading	Pair Corr
0.71	DOMH	Dominari Holdings	Pair Corr
0.7	GCMGW	GCM Grosvenor	Pair Corr
0.72	DYCQ	DT Cloud Acquisition	Pair Corr
0.75	VMCA	Valuence Merger Corp	Pair Corr
0.8	EMCGU	Embrace Change Acqui	Pair Corr

Moving against FirstCash Stock

0.69	LC	LendingClub Corp	Pair Corr
0.67	WT	WisdomTree	Pair Corr
0.6	WD	Walker Dunlop	Pair Corr
0.59	DHIL	Diamond Hill Investment	Pair Corr
0.49	RC	Ready Capital Corp	Pair Corr
0.48	BX	Blackstone Group Normal Trading	Pair Corr
0.77	VRTS	Virtus Investment	Pair Corr
0.66	WULF	Terawulf Buyout Trend	Pair Corr
0.55	LGHLW	Lion Financial Group	Pair Corr
0.38	ESHA	ESH Acquisition Corp	Pair Corr

Related Correlations Analysis

	V	PYPL	COF	UPST	MA	ALLY	SOFI	SYF	DFS
V		-0.67	0.54	0.12	0.93	0.33	-0.22	-0.33	0.5	V
PYPL	-0.67		0.18	0.4	-0.42	0.39	0.8	0.88	0.22	PYPL
COF	0.54	0.18		0.55	0.7	0.9	0.59	0.56	0.99	COF
UPST	0.12	0.4	0.55		0.36	0.62	0.69	0.59	0.48	UPST
MA	0.93	-0.42	0.7	0.36		0.53	0.03	-0.05	0.66	MA
ALLY	0.33	0.39	0.9	0.62	0.53		0.73	0.69	0.88	ALLY
SOFI	-0.22	0.8	0.59	0.69	0.03	0.73		0.92	0.6	SOFI
SYF	-0.33	0.88	0.56	0.59	-0.05	0.69	0.92		0.59	SYF
DFS	0.5	0.22	0.99	0.48	0.66	0.88	0.6	0.59		DFS
	V	PYPL	COF	UPST	MA	ALLY	SOFI	SYF	DFS

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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

DFS	+ 0.99	COF
MA	+ 0.93	V
SYF	+ 0.92	SOFI
ALLY	+ 0.9	COF
SYF	+ 0.88	PYPL
DFS	+ 0.88	ALLY

High negative correlations

PYPL	- 0.67	V
MA	- 0.42	PYPL
SYF	- 0.33	V
SOFI	- 0.22	V
SYF	- 0.05	MA

Risk-Adjusted Indicators

There is a big difference between FirstCash Stock performing well and FirstCash 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 FirstCash'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
V	0.79	0.17	0.16	0.14	1.12	(0.76)	1.65	(2.42)	5.06
PYPL	1.77	(0.25)	0.00	(0.31)	0.00	0.00	3.05	(3.45)	16.97
COF	1.65	0.02	0.00	(0.08)	0.00	0.00	3.23	(3.85)	9.74
UPST	4.13	(0.31)	0.00	(0.26)	0.00	0.00	6.45	(8.31)	43.54
MA	0.86	0.08	0.08	0.00	1.19	(0.87)	2.03	(2.08)	6.59
ALLY	1.47	0.00	0.00	(0.10)	0.00	0.00	3.30	(3.67)	10.23
SOFI	3.35	(0.06)	0.00	(0.12)	0.00	0.00	6.15	(8.25)	19.68
SYF	1.65	(0.20)	0.00	(0.25)	0.00	0.00	2.93	(4.38)	7.84
DFS	1.88	0.00	0.00	(0.09)	0.00	0.00	3.70	(4.57)	11.21

FirstCash Corporate Management

Raul Ramos	Sr. VP of Latin American Operations	Profile
Sean Moore	Sr. VP of Store Devel. and Facilities	Profile
Gar Jackson	Investor Relations Officer	Profile
Peter JD	Senior Relations	Profile

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