First Community Correlations

Stocks . USA . 
Stock . First Community Bancshares
FCBC Stock  USD 40.68  0.05  0.12%   
The current 90-days correlation between First Community Banc and Custom Truck One is -0.22 (i.e., Very good diversification). The correlation of First Community 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 Community Correlation With Market

Very weak diversification

The correlation between First Community Bancshares and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Community Bancshares 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 Community Bancshares. 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.
For information on how to trade First Stock refer to our How to Trade First Stock guide.

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Moving against First Stock

  0.36TFC-PI Truist FinancialPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Community 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 Community'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 Community Corporate Management

Carter BundyTreasurerProfile
William IIChairman CEOProfile
Jason CPAChief OfficerProfile
Derek BonnettChief OfficerProfile
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