First Financial Correlations

FFBC Stock

USD 25.77 0.08 0.31%

The current 90-days correlation between First Financial Bancorp and First Bancorp is 0.63 (i.e., Poor diversification). The correlation of First Financial 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 Financial Correlation With Market

Very weak diversification

The correlation between First Financial Bancorp and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Financial Bancorp 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 Financial 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 bureau of labor statistics.

For information on how to trade First Stock refer to our How to Trade First Stock guide.

Moving together with First Stock

0.88	HWC	Hancock Whitney Corp	Pair Corr
0.81	EC	Ecopetrol SA ADR	Pair Corr
0.69	PTAIY	Astra International Tbk	Pair Corr
0.64	PBNAF	Pembina Pipeline	Pair Corr
0.64	HD	Home Depot	Pair Corr
0.77	BMEZ	BlackRock Health Sciences	Pair Corr

Moving against First Stock

0.57	PIFMY	Indofood Sukses Makmur	Pair Corr
0.45	KEP	Korea Electric Power	Pair Corr
0.42	PTAIF	PT Astra International	Pair Corr

Related Correlations Analysis

	GSBC	FBNC	FRME	IBCP	NBHC	FFIN	CVBF	GBCI	STBA
GSBC		0.58	0.71	0.5	0.77	0.41	0.53	0.9	0.89	GSBC
FBNC	0.58		0.15	-0.26	0.1	-0.06	-0.2	0.77	0.32	FBNC
FRME	0.71	0.15		0.86	0.76	0.88	0.86	0.47	0.91	FRME
IBCP	0.5	-0.26	0.86		0.72	0.87	0.93	0.17	0.77	IBCP
NBHC	0.77	0.1	0.76	0.72		0.54	0.71	0.63	0.84	NBHC
FFIN	0.41	-0.06	0.88	0.87	0.54		0.81	0.11	0.72	FFIN
CVBF	0.53	-0.2	0.86	0.93	0.71	0.81		0.23	0.81	CVBF
GBCI	0.9	0.77	0.47	0.17	0.63	0.11	0.23		0.7	GBCI
STBA	0.89	0.32	0.91	0.77	0.84	0.72	0.81	0.7		STBA
	GSBC	FBNC	FRME	IBCP	NBHC	FFIN	CVBF	GBCI	STBA

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

CVBF	+ 0.93	IBCP
STBA	+ 0.91	FRME
GBCI	+ 0.9	GSBC
STBA	+ 0.89	GSBC
FFIN	+ 0.88	FRME
FFIN	+ 0.87	IBCP

High negative correlations

IBCP	- 0.26	FBNC
CVBF	- 0.2	FBNC
FFIN	- 0.06	FBNC

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GSBC	1.10	(0.11)	(0.05)	0.00	1.39	(1.17)	3.89	(2.24)	7.73
FBNC	1.19	0.06	0.07	0.10	1.12	(1.47)	3.48	(2.56)	8.46
FRME	1.16	(0.18)	0.00	(0.04)	0.00	0.00	1.80	(2.52)	7.23
IBCP	1.11	(0.20)	0.00	(0.07)	0.00	0.00	2.06	(2.28)	6.93
NBHC	1.21	(0.11)	0.00	(0.01)	0.00	0.00	3.16	(2.33)	10.90
FFIN	1.09	(0.26)	0.00	(0.11)	0.00	0.00	2.34	(2.18)	7.88
CVBF	1.13	(0.20)	0.00	(0.06)	0.00	0.00	2.59	(2.46)	7.83
GBCI	1.35	(0.06)	0.01	0.04	1.47	(1.53)	2.76	(2.21)	8.62
STBA	1.00	(0.18)	0.00	(0.05)	0.00	0.00	1.76	(2.04)	6.89

First Financial Corporate Executives

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

	James Anderson	Ex CFO	Profile
	John Gavigan	CFO, Sr. VP and CFO of First Financial Bank	Profile

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