First Bancshares Correlations

FUSB Stock

USD 12.13 0.78 6.04%

The current 90-days correlation between First Bancshares and HV Bancorp is -0.22 (i.e., Very good diversification). The correlation of First Bancshares 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 Bancshares Correlation With Market

Average diversification

The correlation between First Bancshares and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First 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 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 state.

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

Moving together with First Stock

0.67	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.65	TECTP	Tectonic Financial	Pair Corr
0.81	EBTC	Enterprise Bancorp	Pair Corr
0.69	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.88	BANC-PF	Banc of California	Pair Corr
0.81	EVBN	Evans Bancorp	Pair Corr
0.79	WSBCP	WesBanco	Pair Corr
0.85	WNEB	Western New England Fiscal Year End 28th of January 2025	Pair Corr

Moving against First Stock

0.74	TFC-PR	Truist Financial Earnings Call Next Week	Pair Corr
0.74	CFG-PE	Citizens Financial Earnings Call Next Week	Pair Corr
0.73	NU	Nu Holdings Sell-off Trend	Pair Corr
0.68	TFC-PO	Truist Financial Earnings Call Next Week	Pair Corr
0.56	KB	KB Financial Group	Pair Corr
0.55	WF	Woori Financial Group	Pair Corr
0.48	CFG-PH	Citizens Financial Group, Earnings Call Next Week	Pair Corr
0.65	WAFDP	Washington Federal Earnings Call This Week	Pair Corr
0.6	KEY-PI	KeyCorp	Pair Corr
0.57	FRCIL	First Republic Bank	Pair Corr
0.47	FRCCL	First Republic Bank	Pair Corr
0.47	FRCHL	First Republic Bank	Pair Corr
0.37	KEY-PJ	KeyCorp	Pair Corr
0.32	KEY-PK	KeyCorp	Pair Corr

Related Correlations Analysis

	HVBC	HMNF	MGYR	OFED	CULL	ALPIB	MSVB	SFBC	AGRPF	AOZOF
HVBC		0.4	0.15	-0.25	-0.54	0.33	-0.02	-0.25	0.0	-0.36	HVBC
HMNF	0.4		0.54	-0.34	-0.5	0.6	0.45	-0.06	0.0	0.14	HMNF
MGYR	0.15	0.54		-0.9	-0.37	0.94	0.81	0.12	0.0	0.58	MGYR
OFED	-0.25	-0.34	-0.9		0.36	-0.9	-0.62	-0.04	0.0	-0.6	OFED
CULL	-0.54	-0.5	-0.37	0.36		-0.45	-0.22	0.0	0.0	0.01	CULL
ALPIB	0.33	0.6	0.94	-0.9	-0.45		0.66	0.06	0.0	0.56	ALPIB
MSVB	-0.02	0.45	0.81	-0.62	-0.22	0.66		0.08	0.0	0.37	MSVB
SFBC	-0.25	-0.06	0.12	-0.04	0.0	0.06	0.08		0.0	0.13	SFBC
AGRPF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	AGRPF
AOZOF	-0.36	0.14	0.58	-0.6	0.01	0.56	0.37	0.13	0.0		AOZOF
	HVBC	HMNF	MGYR	OFED	CULL	ALPIB	MSVB	SFBC	AGRPF	AOZOF

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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

ALPIB	+ 0.94	MGYR
MSVB	+ 0.81	MGYR
MSVB	+ 0.66	ALPIB
ALPIB	+ 0.6	HMNF
AOZOF	+ 0.58	MGYR
AOZOF	+ 0.56	ALPIB

High negative correlations

ALPIB	- 0.9	OFED
OFED	- 0.9	MGYR
MSVB	- 0.62	OFED
AOZOF	- 0.6	OFED
CULL	- 0.54	HVBC
CULL	- 0.5	HMNF

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Bancshares 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 Bancshares' 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
HVBC	1.51	0.33	0.11	0.94	2.03	(1.59)	2.68	(4.11)	18.63
HMNF	1.88	0.39	0.16	2.35	1.85	(2.37)	4.29	(3.19)	13.15
MGYR	1.06	0.23	0.16	4.94	0.98	(1.38)	2.61	(2.25)	10.51
OFED	2.13	(0.24)	0.00	0.61	0.00	0.00	3.48	(5.28)	12.66
CULL	0.51	(0.12)	0.00	2.91	0.00	0.00	1.18	(1.64)	4.73
ALPIB	0.50	0.28	0.59	(5.70)	0.00	(0.80)	1.81	(0.24)	4.36
MSVB	1.98	0.21	0.06	(0.75)	2.34	(2.62)	6.12	(3.92)	14.99
SFBC	0.89	0.00	(0.01)	(0.03)	1.05	(1.42)	3.30	(2.06)	7.41
AGRPF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AOZOF	2.52	(1.24)	0.00	0.36	0.00	0.00	0.00	0.00	42.84

First Bancshares Corporate Executives

Elected by the shareholders, the First Bancshares' board of directors comprises two types of representatives: First Bancshares inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Bancshares' management team and ensure that shareholders' interests are well served. First Bancshares' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Bancshares' outside directors are responsible for providing unbiased perspectives on the board's policies.

Thomas CPA

CFO, VP

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