First Capital Correlations

FCAP Stock

USD 61.23 0.53 0.86%

The current 90-days correlation between First Capital and Landmark Bancorp is 0.29 (i.e., Modest diversification). The correlation of First Capital 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. If the correlation is 0, the equities are not correlated; they are entirely random.

First Capital Correlation With Market

Significant diversification

The correlation between First Capital and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Capital 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 Capital. 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.

To learn how to invest in First Stock, please use our How to Invest in First Capital guide.

Moving together with First Stock

0.71	BIRG	Bank of Ireland	Pair Corr
0.82	RF	Regions Financial	Pair Corr
0.82	MTB	MT Bank	Pair Corr
0.94	TFC	Truist Financial Corp Sell-off Trend	Pair Corr
0.86	WBS	Webster Financial	Pair Corr
0.72	HBAN	Huntington Bancshares	Pair Corr
0.66	MBLPD	Macquarie Bank	Pair Corr
0.67	BFL	BSP Financial Group	Pair Corr
0.91	FMCB	Farmers Merchants Bancorp	Pair Corr
0.73	FUWAF	Furukawa Electric	Pair Corr
0.73	TORO	Toro	Pair Corr
0.73	MTC	MMTEC Inc Tech Boost	Pair Corr
0.84	GKOS	Glaukos Corp	Pair Corr
0.66	JBHT	JB Hunt Transport	Pair Corr
0.79	DRXGF	Drax Group plc	Pair Corr
0.76	ALRS	Alerus Financial Corp	Pair Corr
0.82	CVNA	Carvana	Pair Corr
0.61	CSCO	Cisco Systems Sell-off Trend	Pair Corr

Moving against First Stock

0.32

NDEKY

Nitto Denko Corp

Pair Corr

Related Correlations Analysis

	LARK	CFBK	FNWD	EBMT	PEBK	ECBK	MNSB	HNVR	CZWI	RMBI
LARK		0.53	0.88	0.74	0.89	0.6	0.62	0.79	0.94	0.41	LARK
CFBK	0.53		0.26	0.75	0.71	0.08	0.77	0.55	0.53	0.67	CFBK
FNWD	0.88	0.26		0.5	0.74	0.73	0.28	0.56	0.88	0.05	FNWD
EBMT	0.74	0.75	0.5		0.92	0.27	0.81	0.78	0.78	0.7	EBMT
PEBK	0.89	0.71	0.74	0.92		0.47	0.74	0.78	0.91	0.56	PEBK
ECBK	0.6	0.08	0.73	0.27	0.47		0.08	0.52	0.69	-0.16	ECBK
MNSB	0.62	0.77	0.28	0.81	0.74	0.08		0.81	0.62	0.86	MNSB
HNVR	0.79	0.55	0.56	0.78	0.78	0.52	0.81		0.86	0.64	HNVR
CZWI	0.94	0.53	0.88	0.78	0.91	0.69	0.62	0.86		0.39	CZWI
RMBI	0.41	0.67	0.05	0.7	0.56	-0.16	0.86	0.64	0.39		RMBI
	LARK	CFBK	FNWD	EBMT	PEBK	ECBK	MNSB	HNVR	CZWI	RMBI

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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

CZWI	+ 0.94	LARK
PEBK	+ 0.92	EBMT
CZWI	+ 0.91	PEBK
PEBK	+ 0.89	LARK
FNWD	+ 0.88	LARK
CZWI	+ 0.88	FNWD

High negative correlations

RMBI

- 0.16

ECBK

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Capital 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 Capital'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
LARK	0.83	0.14	0.10	2.01	0.66	(1.00)	2.35	(1.49)	4.27
CFBK	0.89	0.10	0.03	1.56	1.14	(0.90)	1.85	(1.84)	5.60
FNWD	1.21	0.20	0.15	0.32	1.01	(1.41)	3.36	(1.85)	7.27
EBMT	0.97	0.15	0.09	0.40	1.11	(1.02)	2.08	(1.78)	5.59
PEBK	1.55	0.23	0.11	0.25	1.71	(1.66)	3.66	(3.03)	9.18
ECBK	1.19	0.05	0.01	0.18	1.56	(1.18)	2.61	(2.75)	11.46
MNSB	1.15	(0.07)	0.00	(0.05)	0.00	0.00	2.22	(2.89)	7.09
HNVR	0.97	(0.03)	(0.04)	0.01	1.12	(1.25)	2.49	(2.12)	7.21
CZWI	0.85	0.10	0.06	0.21	1.06	(1.01)	1.97	(1.58)	7.35
RMBI	1.58	(0.12)	0.00	(0.07)	0.00	0.00	3.60	(3.03)	9.02

First Capital Corporate Management

Joseph Mahuron	Chief Officer	Profile
Angie Jett	Chief Officer	Profile
Jeff Thomas	Director Bank	Profile
Jennifer Incantalupo	Chief Officer	Profile

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