First Financial Correlations

FFBC Stock

USD 25.36 0.01 0.04%

The current 90-days correlation between First Financial Bancorp and The First Bancshares, is 0.87 (i.e., Very poor diversification). The correlation of First Financial 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 Financial Correlation With Market

Poor diversification

The correlation between First Financial Bancorp and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Financial 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 Financial 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 bureau of labor statistics.

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

Moving together with First Stock

0.86	AX	Axos Financial	Pair Corr
0.93	BY	Byline Bancorp	Pair Corr
0.64	KB	KB Financial Group	Pair Corr
0.96	PB	Prosperity Bancshares	Pair Corr
0.94	RF	Regions Financial Normal Trading	Pair Corr
0.87	VBNK	VersaBank	Pair Corr
0.85	VBTX	Veritex Holdings	Pair Corr
0.76	EBTC	Enterprise Bancorp	Pair Corr
0.74	EFSC	Enterprise Financial	Pair Corr
0.85	EGBN	Eagle Bancorp	Pair Corr
0.83	WASH	Washington Trust Bancorp	Pair Corr
0.96	EQBK	Equity Bancshares,	Pair Corr
0.7	ESSA	ESSA Bancorp	Pair Corr
0.71	TFINP	Triumph Financial	Pair Corr
0.94	EVBN	Evans Bancorp	Pair Corr
0.95	WMPN	William Penn Bancorp	Pair Corr

Moving against First Stock

0.73	VBFC	Village Bank	Pair Corr
0.59	DB	Deutsche Bank AG	Pair Corr
0.42	ECBK	ECB Bancorp	Pair Corr
0.38	TECTP	Tectonic Financial	Pair Corr
0.34	EBMT	Eagle Bancorp Montana	Pair Corr

Related Correlations Analysis

	HBCP	HFWA	FNWB	HTBI	LSBK	FBMS	IBCP	LKFN	NBHC	FFNW
HBCP		0.73	0.65	-0.78	0.23	0.87	0.76	0.47	0.48	0.16	HBCP
HFWA	0.73		0.48	-0.51	0.0	0.8	0.66	0.59	0.59	0.14	HFWA
FNWB	0.65	0.48		-0.68	0.38	0.74	0.4	0.22	0.29	0.02	FNWB
HTBI	-0.78	-0.51	-0.68		-0.18	-0.83	-0.57	-0.35	-0.34	-0.02	HTBI
LSBK	0.23	0.0	0.38	-0.18		0.19	-0.37	-0.62	-0.56	0.11	LSBK
FBMS	0.87	0.8	0.74	-0.83	0.19		0.65	0.47	0.51	0.23	FBMS
IBCP	0.76	0.66	0.4	-0.57	-0.37	0.65		0.88	0.87	0.03	IBCP
LKFN	0.47	0.59	0.22	-0.35	-0.62	0.47	0.88		0.95	0.01	LKFN
NBHC	0.48	0.59	0.29	-0.34	-0.56	0.51	0.87	0.95		0.04	NBHC
FFNW	0.16	0.14	0.02	-0.02	0.11	0.23	0.03	0.01	0.04		FFNW
	HBCP	HFWA	FNWB	HTBI	LSBK	FBMS	IBCP	LKFN	NBHC	FFNW

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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

NBHC	+ 0.95	LKFN
LKFN	+ 0.88	IBCP
FBMS	+ 0.87	HBCP
NBHC	+ 0.87	IBCP
FBMS	+ 0.8	HFWA
IBCP	+ 0.76	HBCP

High negative correlations

FBMS	- 0.83	HTBI
HTBI	- 0.78	HBCP
HTBI	- 0.68	FNWB
LKFN	- 0.62	LSBK
IBCP	- 0.57	HTBI
NBHC	- 0.56	LSBK

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Financial 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 Financial'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
HBCP	1.36	(0.15)	0.00	1.43	0.00	0.00	2.82	(3.25)	8.36
HFWA	1.21	(0.08)	0.00	(0.13)	0.00	0.00	2.33	(3.27)	8.15
FNWB	1.20	(0.01)	0.00	(0.05)	0.00	0.00	2.68	(2.76)	9.99
HTBI	1.24	(0.03)	0.00	0.21	0.00	0.00	2.33	(1.88)	7.22
LSBK	1.63	0.29	0.15	(0.94)	1.61	(2.29)	3.62	(3.16)	21.68
FBMS	1.34	0.01	0.00	(0.03)	0.00	0.00	2.88	(3.15)	8.28
IBCP	1.26	(0.30)	0.00	1.29	0.00	0.00	2.35	(3.04)	7.48
LKFN	1.07	(0.24)	0.00	(0.38)	0.00	0.00	1.93	(2.77)	7.19
NBHC	1.15	(0.20)	0.00	(0.24)	0.00	0.00	2.03	(3.03)	6.80
FFNW	0.98	0.05	0.08	(11.71)	1.01	(1.14)	1.17	(1.77)	16.29

First Financial Corporate Executives

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

	James Anderson	Ex CFO	Profile
	John Gavigan	CFO, Sr. VP and CFO of First Financial Bank	Profile

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