First Citizens Correlations

FCNCA Stock

USD 2,210 13.32 0.60%

The current 90-days correlation between First Citizens BancShares and KeyCorp is 0.78 (i.e., Poor diversification). The correlation of First Citizens 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 Citizens Correlation With Market

Poor diversification

The correlation between First Citizens BancShares and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Citizens 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 First Citizens 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 main economic indicators.

Moving together with First Stock

0.91	AX	Axos Financial	Pair Corr
0.87	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.67	KB	KB Financial Group	Pair Corr
0.91	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.94	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.89	VBNK	VersaBank Earnings Call This Week	Pair Corr
0.88	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.79	TECTP	Tectonic Financial	Pair Corr
0.78	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.88	EBTC	Enterprise Bancorp	Pair Corr
0.91	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.82	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.88	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.72	WAFD	Washington Federal	Pair Corr
0.83	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.9	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.8	ESSA	ESSA Bancorp	Pair Corr
0.79	EVBN	Evans Bancorp	Pair Corr
0.71	WSBCP	WesBanco	Pair Corr

Moving against First Stock

0.72	CFG-PE	Citizens Financial	Pair Corr
0.66	TFC-PO	Truist Financial	Pair Corr
0.64	TFC-PR	Truist Financial	Pair Corr
0.43	WAFDP	Washington Federal	Pair Corr
0.38	FRCIL	First Republic Bank	Pair Corr
0.33	WBBW	Westbury Bancorp	Pair Corr

Related Correlations Analysis

	PACW	ZION	KEY	CMA	FHN	WAL	TFC	HBAN	CFG	USB
PACW		0.29	0.21	0.1	0.32	-0.03	0.37	0.26	0.33	0.35	PACW
ZION	0.29		0.98	0.96	0.99	0.82	0.95	0.99	0.97	0.96	ZION
KEY	0.21	0.98		0.96	0.97	0.88	0.96	0.99	0.98	0.94	KEY
CMA	0.1	0.96	0.96		0.96	0.87	0.88	0.96	0.92	0.94	CMA
FHN	0.32	0.99	0.97	0.96		0.81	0.96	0.99	0.97	0.97	FHN
WAL	-0.03	0.82	0.88	0.87	0.81		0.82	0.85	0.85	0.81	WAL
TFC	0.37	0.95	0.96	0.88	0.96	0.82		0.96	0.98	0.92	TFC
HBAN	0.26	0.99	0.99	0.96	0.99	0.85	0.96		0.98	0.95	HBAN
CFG	0.33	0.97	0.98	0.92	0.97	0.85	0.98	0.98		0.92	CFG
USB	0.35	0.96	0.94	0.94	0.97	0.81	0.92	0.95	0.92		USB
	PACW	ZION	KEY	CMA	FHN	WAL	TFC	HBAN	CFG	USB

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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

FHN	+ 0.99	ZION
HBAN	+ 0.99	ZION
HBAN	+ 0.99	KEY
HBAN	+ 0.99	FHN
KEY	+ 0.98	ZION
CFG	+ 0.98	KEY

High negative correlations

WAL

- 0.03

PACW

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Citizens 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 Citizens' 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
PACW	7.45	0.88	0.06	(2.53)	11.32	(8.27)	17.58	(14.58)	104.70
ZION	1.65	0.04	0.11	0.12	1.50	(1.95)	3.51	(2.89)	20.65
KEY	1.42	(0.07)	0.05	0.07	1.41	(1.65)	2.97	(2.51)	19.86
CMA	1.46	0.15	0.15	0.18	1.38	(1.64)	3.23	(2.64)	14.10
FHN	1.65	0.10	0.17	0.14	1.29	(1.99)	3.77	(2.49)	18.94
WAL	1.87	(0.03)	0.05	0.09	2.15	(2.34)	3.91	(3.17)	19.53
TFC	1.19	(0.09)	(0.01)	0.05	1.30	(1.36)	2.26	(2.46)	12.77
HBAN	1.26	0.06	0.15	0.13	0.92	(1.65)	2.75	(2.28)	14.20
CFG	1.39	(0.07)	0.03	0.07	1.46	(1.64)	2.97	(2.80)	19.14
USB	1.35	(0.01)	0.05	0.10	1.20	(1.71)	2.86	(2.31)	10.98

First Citizens Corporate Management

Matthew Martin	Chief Secretary	Profile
Lorie Rupp	Chief Officer	Profile
Randolph Martin	Chief Bank	Profile
Andrew Giangrave	Chief Bank	Profile

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