First Horizon Correlations

FHN-PF Preferred Stock

USD 17.94 0.61 3.29%

The current 90-days correlation between First Horizon and First Horizon is 0.28 (i.e., Modest diversification). The correlation of First Horizon 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 Horizon Correlation With Market

Average diversification

The correlation between First Horizon and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Horizon and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to First Horizon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Horizon 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 First Horizon - 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 First Horizon to buy it.

Moving together with First Preferred Stock

0.78	NU	Nu Holdings Aggressive Push	Pair Corr
0.79	TFC-PO	Truist Financial Normal Trading	Pair Corr
0.81	TFC-PR	Truist Financial Normal Trading	Pair Corr
0.84	CFG-PE	Citizens Financial Normal Trading	Pair Corr
0.68	CFG-PH	Citizens Financial Group,	Pair Corr
0.66	KEY-PI	KeyCorp	Pair Corr
0.82	WAFDP	Washington Federal Earnings Call This Week	Pair Corr

Moving against First Preferred Stock

0.71	TECTP	Tectonic Financial	Pair Corr
0.68	EBTC	Enterprise Bancorp	Pair Corr
0.57	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.56	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.51	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.48	AX	Axos Financial	Pair Corr
0.45	VBFC	Village Bank	Pair Corr
0.37	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.36	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.75	BANC-PF	Banc of California	Pair Corr
0.72	WSBCP	WesBanco	Pair Corr
0.67	WNEB	Western New England Fiscal Year End 28th of January 2025	Pair Corr
0.66	EVBN	Evans Bancorp	Pair Corr
0.45	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.4	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.36	ESSA	ESSA Bancorp	Pair Corr

Related Correlations Analysis

	FHN-PE	RF-PE	FITBO	CFG-PE	CFR-PB
FHN-PE		0.38	0.18	0.78	0.73	FHN-PE
RF-PE	0.38		0.9	0.79	0.72	RF-PE
FITBO	0.18	0.9		0.67	0.6	FITBO
CFG-PE	0.78	0.79	0.67		0.96	CFG-PE
CFR-PB	0.73	0.72	0.6	0.96		CFR-PB
	FHN-PE	RF-PE	FITBO	CFG-PE	CFR-PB

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Risk-Adjusted Indicators

There is a big difference between First Preferred Stock performing well and First Horizon 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 Horizon'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
FHN-PE	0.55	(0.01)	(0.04)	(0.30)	0.67	(0.62)	1.23	(1.14)	2.82
RF-PE	0.76	(0.07)	0.00	(0.29)	0.00	0.00	1.41	(1.55)	4.35
FITBO	0.75	(0.11)	0.00	(0.32)	0.00	0.00	1.44	(1.73)	4.50
CFG-PE	0.94	(0.16)	0.00	(0.76)	0.00	0.00	1.77	(1.69)	5.94
CFR-PB	0.72	(0.30)	0.00	(0.83)	0.00	0.00	1.25	(1.96)	3.94

Be your own money manager

Our tools can tell you how much better you can do entering a position in First Horizon without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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First Horizon Corporate Management

Ellen Taylor	Ex Relations	Profile
David Popwell	Pres Banking	Profile
Elizabeth Ardoin	EVP Officer	Profile
Bryan Jordan	Chairman CEO	Profile
Daryl Byrd	Advisor	Profile
Charles Tuggle	Exec Counsel	Profile
Tammy LoCascio	EVP COO	Profile

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