FFD Financial Correlations

Summary

FFDFDelisted Stock

USD 33.90 0.10 0.29%

The current 90-days correlation between FFD Financial Corp and Oconee Federal Financial is 0.16 (i.e., Average diversification). The correlation of FFD 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.

FFD Financial Correlation With Market

Significant diversification

The correlation between FFD Financial Corp and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FFD Financial Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to FFD Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FFD Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back FFD Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling FFD Financial Corp to buy it.

Moving against FFD Pink Sheet

0.46

Nu Holdings

Pair Corr

Related Correlations Analysis

	FNLC	TFIN	NBN	GCBC	OFED	BANF	GBCI	BOKF	FFBC	FBNC
FNLC		0.82	0.86	0.72	-0.8	0.94	0.89	0.92	0.95	0.92	FNLC
TFIN	0.82		0.88	0.4	-0.87	0.93	0.93	0.89	0.92	0.87	TFIN
NBN	0.86	0.88		0.45	-0.91	0.92	0.96	0.9	0.9	0.82	NBN
GCBC	0.72	0.4	0.45		-0.37	0.56	0.49	0.51	0.62	0.58	GCBC
OFED	-0.8	-0.87	-0.91	-0.37		-0.84	-0.9	-0.8	-0.83	-0.74	OFED
BANF	0.94	0.93	0.92	0.56	-0.84		0.94	0.97	0.99	0.97	BANF
GBCI	0.89	0.93	0.96	0.49	-0.9	0.94		0.91	0.95	0.88	GBCI
BOKF	0.92	0.89	0.9	0.51	-0.8	0.97	0.91		0.96	0.96	BOKF
FFBC	0.95	0.92	0.9	0.62	-0.83	0.99	0.95	0.96		0.97	FFBC
FBNC	0.92	0.87	0.82	0.58	-0.74	0.97	0.88	0.96	0.97		FBNC
	FNLC	TFIN	NBN	GCBC	OFED	BANF	GBCI	BOKF	FFBC	FBNC

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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

FFBC	+ 0.99	BANF
BOKF	+ 0.97	BANF
FBNC	+ 0.97	BANF
FBNC	+ 0.97	FFBC
GBCI	+ 0.96	NBN
FFBC	+ 0.96	BOKF

High negative correlations

OFED	- 0.91	NBN
GBCI	- 0.9	OFED
OFED	- 0.87	TFIN
BANF	- 0.84	OFED
FFBC	- 0.83	OFED
BOKF	- 0.8	OFED

Risk-Adjusted Indicators

There is a big difference between FFD Pink Sheet performing well and FFD 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 FFD 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
FNLC	1.54	(0.09)	0.03	0.06	1.89	(1.69)	3.00	(2.81)	23.55
TFIN	1.89	0.38	0.18	1.73	1.48	(2.40)	4.45	(2.63)	13.71
NBN	1.62	0.41	0.41	0.30	0.74	(2.19)	4.85	(2.02)	14.99
GCBC	1.87	(0.19)	0.00	0.03	1.91	(2.39)	3.06	(2.97)	25.02
OFED	2.13	(0.28)	0.00	(0.59)	0.00	0.00	3.48	(5.28)	12.66
BANF	1.57	0.07	0.13	0.12	1.46	(1.82)	3.22	(2.90)	20.44
GBCI	1.65	0.22	0.17	0.19	1.48	(1.85)	3.88	(3.01)	14.44
BOKF	1.34	0.03	0.08	0.11	1.40	(1.41)	2.66	(2.18)	15.50
FFBC	1.53	0.05	0.11	0.11	1.48	(1.89)	3.09	(3.40)	18.14
FBNC	1.55	0.02	0.09	0.10	1.52	(1.89)	3.37	(2.51)	16.50

View FFD Financial Related Equities

First Bancorp Triumph Financial Northeast Bancorp Greene County Bancorp Oconee Federal Financial BancFirst Glacier Bancorp BOK Financial First Financial Bancorp First Bancorp PNC Financial Services Citizens Financial Group, Regions Financial Fifth Third Bancorp Comerica

Risk & Return

Correlation

FFD Financial Corporate Management

Scott Finnell	Executive VP and Executive VP of First Federal Community Bank	Profile
Gregory Dorris	CFO VP	Profile
Michele Larkin	VP	Profile
Laurie Russell	Controller	Profile
Kelly Fortney	VP Officer	Profile

Still Interested in FFD Financial Corp?

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