First Bank Correlations

FRBA Stock

USD 14.62 0.20 1.35%

The current 90-days correlation between First Bank and First Northwest Bancorp is 0.17 (i.e., Average diversification). The correlation of First Bank 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 Bank Correlation With Market

Modest diversification

The correlation between First Bank and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Bank 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 Bank. 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.

For information on how to trade First Stock refer to our How to Trade First Stock guide.

Moving against First Stock

0.37

CFG-PH

Citizens Financial Group,

Pair Corr

Related Correlations Analysis

	FNWB	FSBW	FBMS	FGBI	FMBH
FNWB		0.49	0.48	0.59	0.6	FNWB
FSBW	0.49		0.87	0.54	0.91	FSBW
FBMS	0.48	0.87		0.78	0.95	FBMS
FGBI	0.59	0.54	0.78		0.73	FGBI
FMBH	0.6	0.91	0.95	0.73		FMBH
	FNWB	FSBW	FBMS	FGBI	FMBH

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Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Bank 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 Bank'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
FNWB	1.55	(0.08)	(0.05)	(0.01)	1.72	(1.82)	3.17	(2.82)	14.21
FSBW	1.59	(0.10)	(0.01)	0.03	1.89	(1.71)	4.14	(2.96)	11.90
FBMS	1.54	0.07	0.10	0.11	1.46	(1.88)	3.88	(3.51)	16.66
FGBI	1.54	0.26	0.13	0.56	1.54	(1.85)	4.45	(3.22)	10.18
FMBH	1.47	(0.08)	0.01	0.04	1.52	(1.90)	2.87	(2.64)	18.64

First Bank Corporate Management

Ernest Springer	VP Officer	Profile
Scott Civil	Senior Executive	Profile
Stephen Carman	First Officer	Profile
Andrew Hibshman	Treasurer VP	Profile
Parwinder Virk	First Officer	Profile

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