Fifth Third Correlations

FITB Stock

USD 48.06 0.10 0.21%

The current 90-days correlation between Fifth Third Bancorp and KeyCorp is 0.87 (i.e., Very poor diversification). The correlation of Fifth Third 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.

Fifth Third Correlation With Market

Poor diversification

The correlation between Fifth Third Bancorp and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fifth Third 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 Fifth Third 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 estimate.

Moving together with Fifth Stock

0.91	AX	Axos Financial	Pair Corr
0.89	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.68	KB	KB Financial Group	Pair Corr
0.93	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.98	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.63	VABK	Virginia National	Pair Corr
0.63	VBFC	Village Bank	Pair Corr
0.96	VBNK	VersaBank Normal Trading	Pair Corr
0.98	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.79	TECTP	Tectonic Financial	Pair Corr
0.91	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.96	EBTC	Enterprise Bancorp	Pair Corr
0.73	ECBK	ECB Bancorp	Pair Corr
0.94	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.94	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.66	KEY-PJ	KeyCorp	Pair Corr
0.72	KEY-PK	KeyCorp	Pair Corr
0.69	KEY-PL	KeyCorp	Pair Corr
0.91	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.63	WAFD	Washington Federal	Pair Corr
0.92	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.64	BANC-PF	Banc of California	Pair Corr
0.98	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.89	ESSA	ESSA Bancorp	Pair Corr
0.91	EVBN	Evans Bancorp	Pair Corr
0.83	WSBCP	WesBanco	Pair Corr

Moving against Fifth Stock

0.6	TFC-PO	Truist Financial	Pair Corr
0.58	CFG-PE	Citizens Financial	Pair Corr
0.55	TFC-PR	Truist Financial	Pair Corr
0.55	FRCIL	First Republic Bank	Pair Corr
0.43	FRCCL	First Republic Bank	Pair Corr
0.43	FRCHL	First Republic Bank	Pair Corr
0.34	WBBW	Westbury Bancorp	Pair Corr

Related Correlations Analysis

	KEY	RF	NYCB	ZION	HBAN	CMA	WAL	USB	TFC	MTB
KEY		0.98	-0.02	0.98	0.99	0.95	0.87	0.93	0.95	0.95	KEY
RF	0.98		-0.01	0.98	0.99	0.95	0.85	0.96	0.96	0.96	RF
NYCB	-0.02	-0.01		0.01	0.0	0.04	-0.07	0.08	-0.11	0.09	NYCB
ZION	0.98	0.98	0.01		0.99	0.95	0.8	0.96	0.95	0.97	ZION
HBAN	0.99	0.99	0.0	0.99		0.96	0.84	0.95	0.95	0.97	HBAN
CMA	0.95	0.95	0.04	0.95	0.96		0.87	0.93	0.85	0.98	CMA
WAL	0.87	0.85	-0.07	0.8	0.84	0.87		0.8	0.79	0.82	WAL
USB	0.93	0.96	0.08	0.96	0.95	0.93	0.8		0.91	0.96	USB
TFC	0.95	0.96	-0.11	0.95	0.95	0.85	0.79	0.91		0.87	TFC
MTB	0.95	0.96	0.09	0.97	0.97	0.98	0.82	0.96	0.87		MTB
	KEY	RF	NYCB	ZION	HBAN	CMA	WAL	USB	TFC	MTB

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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

HBAN	+ 0.99	KEY
HBAN	+ 0.99	RF
HBAN	+ 0.99	ZION
RF	+ 0.98	KEY
ZION	+ 0.98	KEY
ZION	+ 0.98	RF

High negative correlations

TFC	- 0.11	NYCB
WAL	- 0.07	NYCB
NYCB	- 0.02	KEY
NYCB	- 0.01	RF
HBAN	- 0.0	NYCB

Risk-Adjusted Indicators

There is a big difference between Fifth Stock performing well and Fifth Third 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 Fifth Third'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
KEY	1.41	(0.06)	0.08	0.10	1.37	(1.61)	2.99	(2.54)	19.76
RF	1.15	0.05	0.13	0.15	0.92	(1.44)	2.38	(1.66)	14.81
NYCB	2.67	0.14	0.01	0.83	3.28	(2.85)	7.58	(5.32)	16.72
ZION	1.63	0.02	0.12	0.13	1.47	(1.91)	3.51	(2.89)	20.65
HBAN	1.26	0.08	0.18	0.17	0.88	(1.62)	2.75	(2.28)	14.20
CMA	1.43	0.15	0.16	0.21	1.33	(1.62)	3.23	(2.64)	14.10
WAL	1.88	(0.06)	0.06	0.10	2.14	(2.32)	3.91	(3.17)	19.53
USB	1.35	0.02	0.08	0.14	1.16	(1.68)	2.86	(2.31)	10.98
TFC	1.17	(0.07)	0.01	0.09	1.19	(1.36)	2.26	(2.46)	12.77
MTB	1.33	0.16	0.23	0.21	0.84	(1.64)	3.41	(1.59)	16.03

Fifth Third Corporate Executives

Elected by the shareholders, the Fifth Third's board of directors comprises two types of representatives: Fifth Third inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fifth. The board's role is to monitor Fifth Third's management team and ensure that shareholders' interests are well served. Fifth Third'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, Fifth Third's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Bryan Preston	Executive CFO	Profile
	James CPA	Executive COO	Profile

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