First American Correlations

FAF Stock

USD 63.25 0.53 0.85%

The current 90-days correlation between First American and Pinterest is 0.01 (i.e., Significant diversification). The correlation of First American 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 American Correlation With Market

Significant diversification

The correlation between First American and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First American and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with First Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First American. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

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

Moving together with First Stock

0.72

FNF

Fidelity National

Pair Corr

Moving against First Stock

0.47	JRVR	James River Group	Pair Corr
0.36	V	Visa Class A	Pair Corr
0.39	KG	KING PHARMACEUTICALS INC Symbol Change	Pair Corr
0.35	MA	Mastercard	Pair Corr

Related Correlations Analysis

	PINS	ZIJMF	BCE	EGO	RSVR	HIHO
PINS		0.86	0.43	0.55	0.68	0.62	PINS
ZIJMF	0.86		0.54	0.74	0.63	0.46	ZIJMF
BCE	0.43	0.54		0.36	0.28	0.21	BCE
EGO	0.55	0.74	0.36		0.35	0.17	EGO
RSVR	0.68	0.63	0.28	0.35		0.35	RSVR
HIHO	0.62	0.46	0.21	0.17	0.35		HIHO
	PINS	ZIJMF	BCE	EGO	RSVR	HIHO

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Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First American 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 American'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
PINS	2.24	0.11	0.06	0.15	2.95	(2.58)	5.12	(4.16)	20.81
ZIJMF	3.53	0.46	0.09	1.76	3.91	(4.02)	7.30	(7.35)	24.25
BCE	1.29	0.06	(0.02)	(1.64)	1.73	(1.40)	2.19	(3.27)	9.37
EGO	2.07	0.26	0.07	0.82	2.61	(2.18)	5.32	(3.00)	18.49
RSVR	1.64	0.00	(0.01)	0.09	2.04	(1.73)	3.20	(3.51)	12.77
HIHO	1.92	(0.20)	0.00	(0.45)	0.00	0.00	4.79	(4.62)	15.64

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