First Foundation Correlations

FFWM Stock

USD 4.83 0.01 0.21%

The current 90-days correlation between First Foundation and Veritex Holdings is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Foundation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Foundation moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

First Foundation Correlation With Market

Good diversification

The correlation between First Foundation and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Foundation 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 Foundation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

To learn how to invest in First Stock, please use our How to Invest in First Foundation guide.

Moving together with First Stock

0.83	AX	Axos Financial	Pair Corr
0.61	KB	KB Financial Group	Pair Corr
0.65	RF	Regions Financial	Pair Corr
0.63	VABK	Virginia National	Pair Corr
0.69	VBNK	VersaBank	Pair Corr
0.73	VBTX	Veritex Holdings	Pair Corr
0.79	EGBN	Eagle Bancorp	Pair Corr
0.76	WABC	Westamerica Bancorporation	Pair Corr
0.81	WAFD	Washington Federal	Pair Corr
0.84	WAFDP	Washington Federal	Pair Corr
0.64	EVBN	Evans Bancorp	Pair Corr

Moving against First Stock

0.81	TECTP	Tectonic Financial	Pair Corr
0.75	VBFC	Village Bank	Pair Corr
0.73	DB	Deutsche Bank AG	Pair Corr
0.5	WF	Woori Financial Group	Pair Corr
0.49	EBMT	Eagle Bancorp Montana	Pair Corr
0.46	TFC-PO	Truist Financial	Pair Corr
0.36	TFC-PR	Truist Financial	Pair Corr
0.72	WSBCP	WesBanco	Pair Corr
0.69	BANC-PF	Banc of California	Pair Corr
0.55	KEY-PI	KeyCorp	Pair Corr
0.45	KEY-PL	KeyCorp	Pair Corr
0.34	KEY-PJ	KeyCorp	Pair Corr
0.33	CFG-PH	Citizens Financial Group,	Pair Corr

Related Correlations Analysis

	VBTX	CNOB	FBMS	FMBH	PPBI
VBTX		0.36	0.5	0.82	0.87	VBTX
CNOB	0.36		0.67	0.74	0.57	CNOB
FBMS	0.5	0.67		0.68	0.67	FBMS
FMBH	0.82	0.74	0.68		0.8	FMBH
PPBI	0.87	0.57	0.67	0.8		PPBI
	VBTX	CNOB	FBMS	FMBH	PPBI

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Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Foundation 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 Foundation'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
VBTX	1.49	(0.18)	(0.22)	3.04	(3.42)	8.90
CNOB	1.58	(0.15)	0.61	3.12	(3.37)	9.41
FBMS	1.34	0.04	(0.04)	2.88	(3.15)	8.28
FMBH	1.13	(0.16)	(0.25)	2.39	(2.73)	6.93
PPBI	1.44	(0.34)	24.12	3.08	(4.13)	7.91

First Foundation Corporate Management

Keller CFP	Ex Chairman	Profile
CTFA CFP	Executive Services	Profile
Allan Gomez	Senior Banker	Profile
Kelly Rentzel	Gen VP	Profile
Tyler Resh	Director Strategy	Profile
Amy Djou	Interim Officer	Profile

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