FB Financial Correlations

Stocks . USA . 
Stock . FB Financial Corp
FBK Stock  USD 48.79  0.47  0.95%   
The current 90-days correlation between FB Financial Corp and First Bancorp is 0.79 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FB Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FB Financial Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

FB Financial Correlation With Market

Poor diversification

The correlation between FB Financial Corp and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FB Financial Corp and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with FBK Stock
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FB Financial Corp. 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.

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between FBK Stock performing well and FB 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 FB 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.

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