First Financial Correlations

THFF Stock

USD 49.35 0.70 1.40%

The current 90-days correlation between First Financial and Citizens Northern Corp is 0.12 (i.e., Average diversification). The correlation of First 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.

First Financial Correlation With Market

Good diversification

The correlation between First Financial and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Financial and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in First 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 census.

For more detail on how to invest in First Stock please use our How to Invest in First Financial guide.

Moving together with First Stock

0.78	WF	Woori Financial Group	Pair Corr
0.63	TECTP	Tectonic Financial	Pair Corr
0.75	TFC-PI	Truist Financial	Pair Corr
0.71	TFC-PO	Truist Financial	Pair Corr
0.61	TFC-PR	Truist Financial	Pair Corr
0.67	EBMT	Eagle Bancorp Montana	Pair Corr
0.69	EBTC	Enterprise Bancorp	Pair Corr
0.74	EFSC	Enterprise Financial	Pair Corr
0.71	KEY-PJ	KeyCorp	Pair Corr
0.64	KEY-PK	KeyCorp	Pair Corr
0.69	KEY-PL	KeyCorp	Pair Corr
0.76	BANC-PF	Banc of California	Pair Corr
0.7	ESSA	ESSA Bancorp	Pair Corr
0.65	WSBCP	WesBanco	Pair Corr
0.73	WNEB	Western New England	Pair Corr

Moving against First Stock

0.44	KB	KB Financial Group	Pair Corr
0.7	EFSI	Eagle Financial Services	Pair Corr
0.4	WAFDP	Washington Federal	Pair Corr
0.37	WAFD	Washington Federal	Pair Corr

Related Correlations Analysis

	CHMG	CZNC	NKSH	FDBC	FNWD	GSBC	FMBH	FRAF	CWBC	FSBW
CHMG		0.56	0.32	0.48	0.11	0.48	0.77	0.53	0.66	0.31	CHMG
CZNC	0.56		0.07	-0.18	-0.39	0.02	0.52	0.77	0.19	-0.17	CZNC
NKSH	0.32	0.07		0.65	0.2	0.81	0.7	-0.25	0.8	0.85	NKSH
FDBC	0.48	-0.18	0.65		0.64	0.81	0.59	-0.3	0.85	0.81	FDBC
FNWD	0.11	-0.39	0.2	0.64		0.34	-0.01	-0.34	0.35	0.33	FNWD
GSBC	0.48	0.02	0.81	0.81	0.34		0.77	-0.25	0.89	0.93	GSBC
FMBH	0.77	0.52	0.7	0.59	-0.01	0.77		0.28	0.87	0.65	FMBH
FRAF	0.53	0.77	-0.25	-0.3	-0.34	-0.25	0.28		-0.07	-0.49	FRAF
CWBC	0.66	0.19	0.8	0.85	0.35	0.89	0.87	-0.07		0.85	CWBC
FSBW	0.31	-0.17	0.85	0.81	0.33	0.93	0.65	-0.49	0.85		FSBW
	CHMG	CZNC	NKSH	FDBC	FNWD	GSBC	FMBH	FRAF	CWBC	FSBW

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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

FSBW	+ 0.93	GSBC
CWBC	+ 0.89	GSBC
CWBC	+ 0.87	FMBH
FSBW	+ 0.85	NKSH
CWBC	+ 0.85	FDBC
FSBW	+ 0.85	CWBC

High negative correlations

FSBW	- 0.49	FRAF
FNWD	- 0.39	CZNC
FRAF	- 0.34	FNWD
FRAF	- 0.3	FDBC
FRAF	- 0.25	GSBC
FRAF	- 0.25	NKSH

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First 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 First 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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CHMG	1.21	(0.08)	0.00	(0.24)	0.00	0.00	1.94	(2.45)	19.34
CZNC	1.46	0.20	0.16	1.40	1.43	(1.65)	2.94	(2.22)	11.84
NKSH	1.50	(0.12)	0.00	(0.17)	0.00	0.00	3.81	(3.03)	10.80
FDBC	1.97	(0.20)	0.00	(0.27)	0.00	0.00	3.27	(3.80)	12.12
FNWD	1.06	(0.08)	0.00	(0.45)	0.00	0.00	2.12	(1.97)	8.51
GSBC	1.24	(0.14)	0.00	(0.24)	0.00	0.00	2.27	(3.02)	7.73
FMBH	1.13	(0.16)	0.00	(0.25)	0.00	0.00	2.39	(2.73)	6.93
FRAF	1.08	0.18	0.20	0.47	0.94	(1.34)	4.20	(1.64)	8.27
CWBC	0.98	(0.19)	0.00	(0.31)	0.00	0.00	2.28	(2.17)	6.01
FSBW	1.60	(0.20)	0.00	(0.27)	0.00	0.00	2.62	(4.04)	9.31

First Financial Corporate Management

Steven Holliday	Chief Credit Officer of First Financial Bank N.A. and VP of First Financial Bank N.A.	Profile
Karen StinsonMilienu	First Officer	Profile
Terry Tevlin	Vice Marketing	Profile
Bob Renock	Chief Officer	Profile
Mark Franklin	Senior Officer	Profile

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