First Bancorp Correlations

Stocks . USA . 
Stock . First Bancorp
FBNC Stock  USD 46.86  1.30  2.85%   
The current 90-days correlation between First Bancorp and JBG SMITH Properties is 0.43 (i.e., Very weak diversification). The correlation of First Bancorp 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 Bancorp Correlation With Market

Significant diversification

The correlation between First Bancorp and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Bancorp and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade First Stock refer to our How to Trade First Stock guide.

Moving together with First Stock

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  0.73KEY-PJ KeyCorpPairCorr
  0.74KEY-PK KeyCorpPairCorr
  0.82KEY-PL KeyCorpPairCorr
  0.83WABC Westamerica BancorporationPairCorr
  0.9WAFD Washington FederalPairCorr
  0.65WASH Washington Trust BancorpPairCorr
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  0.96EQBK Equity Bancshares,PairCorr
  0.94ESSA ESSA BancorpPairCorr
  0.95EWBC East West BancorpPairCorr
  0.84WSBCP WesBancoPairCorr
  0.87WNEB Western New EnglandPairCorr
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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Bancorp 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 Bancorp'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.

First Bancorp Corporate Executives

Elected by the shareholders, the First Bancorp's board of directors comprises two types of representatives: First Bancorp 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 Bancorp's management team and ensure that shareholders' interests are well served. First Bancorp'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, First Bancorp's outside directors are responsible for providing unbiased perspectives on the board's policies.
Christian WilsonExecutive COOProfile
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