Fulton Financial Correlations

FULT Stock

USD 18.02 0.14 0.77%

The current 90-days correlation between Fulton Financial and First Commonwealth Financial is 0.72 (i.e., Poor diversification). The correlation of Fulton Financial 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Fulton Financial Correlation With Market

Poor diversification

The correlation between Fulton Financial and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fulton Financial 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 Fulton Financial. 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 economic analysis.

For more information on how to buy Fulton Stock please use our How to Invest in Fulton Financial guide.

Moving together with Fulton Stock

0.79	AX	Axos Financial	Pair Corr
0.83	BY	Byline Bancorp	Pair Corr
0.72	KB	KB Financial Group	Pair Corr
0.96	PB	Prosperity Bancshares	Pair Corr
0.95	RF	Regions Financial	Pair Corr
0.84	VBNK	VersaBank	Pair Corr
0.73	VBTX	Veritex Holdings	Pair Corr
0.72	EBTC	Enterprise Bancorp	Pair Corr
0.61	EFSC	Enterprise Financial	Pair Corr
0.76	EGBN	Eagle Bancorp	Pair Corr
0.82	WASH	Washington Trust Bancorp	Pair Corr
0.9	EQBK	Equity Bancshares,	Pair Corr
0.66	ESSA	ESSA Bancorp	Pair Corr
0.65	TFINP	Triumph Financial	Pair Corr
0.87	EVBN	Evans Bancorp	Pair Corr
0.92	WMPN	William Penn Bancorp	Pair Corr

Moving against Fulton Stock

0.63	VBFC	Village Bank	Pair Corr
0.53	DB	Deutsche Bank AG	Pair Corr
0.44	ECBK	ECB Bancorp	Pair Corr
0.36	TECTP	Tectonic Financial	Pair Corr
0.34	EBMT	Eagle Bancorp Montana	Pair Corr

Related Correlations Analysis

	FCF	HTBK	NWBI	FUNC	PFS	FMBH	CNOB	FNWD	CFB	AFBI
FCF		0.16	0.96	0.38	0.83	0.78	0.34	0.35	0.3	0.41	FCF
HTBK	0.16		0.1	0.75	0.07	0.65	0.88	-0.25	-0.03	0.15	HTBK
NWBI	0.96	0.1		0.43	0.9	0.77	0.34	0.22	0.16	0.29	NWBI
FUNC	0.38	0.75	0.43		0.47	0.66	0.8	-0.37	-0.07	-0.02	FUNC
PFS	0.83	0.07	0.9	0.47		0.69	0.35	0.07	0.15	0.21	PFS
FMBH	0.78	0.65	0.77	0.66	0.69		0.74	-0.01	0.04	0.34	FMBH
CNOB	0.34	0.88	0.34	0.8	0.35	0.74		-0.24	-0.13	0.09	CNOB
FNWD	0.35	-0.25	0.22	-0.37	0.07	-0.01	-0.24		0.71	0.67	FNWD
CFB	0.3	-0.03	0.16	-0.07	0.15	0.04	-0.13	0.71		0.66	CFB
AFBI	0.41	0.15	0.29	-0.02	0.21	0.34	0.09	0.67	0.66		AFBI
	FCF	HTBK	NWBI	FUNC	PFS	FMBH	CNOB	FNWD	CFB	AFBI

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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

NWBI	+ 0.96	FCF
PFS	+ 0.9	NWBI
CNOB	+ 0.88	HTBK
PFS	+ 0.83	FCF
CNOB	+ 0.8	FUNC
FMBH	+ 0.78	FCF

High negative correlations

FNWD	- 0.37	FUNC
FNWD	- 0.25	HTBK
FNWD	- 0.24	CNOB
CFB	- 0.13	CNOB
CFB	- 0.07	FUNC
CFB	- 0.03	HTBK

Risk-Adjusted Indicators

There is a big difference between Fulton Stock performing well and Fulton Financial 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 Fulton Financial'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
FCF	1.18	(0.15)	(0.23)	2.61	(3.12)	7.66
HTBK	1.12	(0.03)	(0.10)	2.22	(2.81)	7.95
NWBI	1.06	(0.19)	(0.33)	1.76	(2.41)	6.53
FUNC	1.56	(0.12)	(0.24)	2.50	(3.72)	16.12
PFS	1.36	(0.27)	0.96	2.55	(4.00)	8.56
FMBH	1.13	(0.16)	(0.25)	2.39	(2.73)	6.93
CNOB	1.58	(0.15)	0.61	3.12	(3.37)	9.41
FNWD	1.06	(0.08)	(0.45)	2.12	(1.97)	8.51
CFB	1.41	(0.14)	0.90	2.78	(2.78)	8.40
AFBI	1.14	(0.13)	(0.45)	2.53	(2.02)	22.46

Fulton Financial Corporate Executives

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

Richard Kraemer

Senior CFO

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