First Guaranty Correlations

FGBI Stock

USD 7.74 0.02 0.26%

The current 90-days correlation between First Guaranty Bancshares and Community West Bancshares is 0.18 (i.e., Average diversification). The correlation of First Guaranty 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 Guaranty Correlation With Market

Average diversification

The correlation between First Guaranty Bancshares and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Guaranty 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 Guaranty 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 bureau of labor statistics.

Moving together with First Stock

0.9	AX	Axos Financial	Pair Corr
0.72	BY	Byline Bancorp	Pair Corr
0.67	KB	KB Financial Group	Pair Corr
0.77	RF	Regions Financial Normal Trading	Pair Corr
0.86	VBNK	VersaBank	Pair Corr
0.83	VBTX	Veritex Holdings	Pair Corr
0.74	EFSI	Eagle Financial Services	Pair Corr
0.92	EGBN	Eagle Bancorp	Pair Corr
0.84	WAFD	Washington Federal	Pair Corr
0.66	EQBK	Equity Bancshares,	Pair Corr
0.78	WAFDP	Washington Federal	Pair Corr
0.62	TFINP	Triumph Financial	Pair Corr
0.8	EVBN	Evans Bancorp	Pair Corr
0.68	WMPN	William Penn Bancorp	Pair Corr

Moving against First Stock

0.92	DB	Deutsche Bank AG	Pair Corr
0.84	VBFC	Village Bank	Pair Corr
0.82	TECTP	Tectonic Financial	Pair Corr
0.71	EBMT	Eagle Bancorp Montana	Pair Corr
0.53	WF	Woori Financial Group	Pair Corr
0.52	TFC-PO	Truist Financial	Pair Corr
0.43	TFC-PR	Truist Financial	Pair Corr
0.34	ECBK	ECB Bancorp	Pair Corr
0.73	WSBCP	WesBanco	Pair Corr
0.71	KEY-PI	KeyCorp	Pair Corr
0.7	KEY-PL	KeyCorp	Pair Corr
0.68	BANC-PF	Banc of California	Pair Corr
0.56	KEY-PJ	KeyCorp	Pair Corr
0.52	KEY-PK	KeyCorp	Pair Corr
0.44	CFG-PH	Citizens Financial Group,	Pair Corr

Related Correlations Analysis

	CWBC	HMNF	FNWB	OFED	CULL	FFNW	GSBC	HFBL	FCAP	FNWD
CWBC		0.0	0.25	0.0	0.0	0.1	0.82	-0.15	-0.55	-0.04	CWBC
HMNF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HMNF
FNWB	0.25	0.0		0.0	0.0	0.0	0.29	0.3	0.02	-0.67	FNWB
OFED	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	OFED
CULL	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CULL
FFNW	0.1	0.0	0.0	0.0	0.0		0.12	-0.13	0.13	0.34	FFNW
GSBC	0.82	0.0	0.29	0.0	0.0	0.12		-0.34	-0.73	-0.07	GSBC
HFBL	-0.15	0.0	0.3	0.0	0.0	-0.13	-0.34		0.42	-0.46	HFBL
FCAP	-0.55	0.0	0.02	0.0	0.0	0.13	-0.73	0.42		0.06	FCAP
FNWD	-0.04	0.0	-0.67	0.0	0.0	0.34	-0.07	-0.46	0.06		FNWD
	CWBC	HMNF	FNWB	OFED	CULL	FFNW	GSBC	HFBL	FCAP	FNWD

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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

GSBC	+ 0.82	CWBC
FCAP	+ 0.42	HFBL
FNWD	+ 0.34	FFNW
HFBL	+ 0.3	FNWB
GSBC	+ 0.29	FNWB
FNWB	+ 0.25	CWBC

High negative correlations

FCAP	- 0.73	GSBC
FNWD	- 0.67	FNWB
FCAP	- 0.55	CWBC
FNWD	- 0.46	HFBL
HFBL	- 0.34	GSBC
HFBL	- 0.15	CWBC

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Guaranty 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 Guaranty'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
CWBC	1.01	(0.17)	0.00	(0.19)	0.00	0.00	2.45	(2.17)	6.01
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FNWB	1.17	0.00	0.00	0.00	1.45	(1.39)	2.68	(2.76)	9.99
OFED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FFNW	0.97	0.07	0.06	(0.91)	0.98	(1.14)	1.17	(1.77)	16.29
GSBC	1.25	(0.19)	0.00	(0.21)	0.00	0.00	2.41	(3.02)	7.73
HFBL	1.62	0.12	0.04	0.38	2.08	(2.18)	5.67	(4.53)	13.32
FCAP	1.23	0.37	0.20	0.64	1.25	(1.38)	3.26	(2.28)	10.37
FNWD	1.04	(0.05)	0.00	(0.27)	0.00	0.00	2.12	(1.97)	8.51

First Guaranty Corporate Management

Gregory Prudhomme	Senior Louisiana	Profile
Eric CFA	Secretary Treasurer	Profile
Michael Cross	Chief Bank	Profile
Kevin Foster	Senior Springs	Profile

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