First Hawaiian Correlations

FHB Stock

USD 25.17 0.16 0.63%

The current 90-days correlation between First Hawaiian and MGIC Investment Corp is 0.53 (i.e., Very weak diversification). The correlation of First Hawaiian 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 Hawaiian Correlation With Market

Poor diversification

The correlation between First Hawaiian and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Hawaiian 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 Hawaiian. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

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

Moving together with First Stock

0.75	PB	Prosperity Bancshares	Pair Corr
0.75	601658	Postal Savings Bank	Pair Corr
0.66	EBMT	Eagle Bancorp Montana	Pair Corr
0.73	EFSC	Enterprise Financial	Pair Corr
0.84	WABC	Westamerica Bancorporation	Pair Corr
0.9	WSFS	WSFS Financial	Pair Corr
0.68	FHN	First Horizon National	Pair Corr
0.77	HTB	HomeTrust Bancshares, Symbol Change	Pair Corr
0.84	PNC	PNC Financial Services	Pair Corr
0.88	TMP	Tompkins Financial	Pair Corr

Moving against First Stock

0.75	YESBANK	Yes Bank Limited	Pair Corr
0.65	UCOBANK	UCO Bank	Pair Corr
0.53	SBID	State Bank	Pair Corr
0.46	AUBANK	AU Small Finance	Pair Corr
0.37	BIRG	Bank of Ireland	Pair Corr
0.34	FNWB	First Northwest Bancorp	Pair Corr
0.32	DCBBANK	DCB Bank Limited	Pair Corr
0.67	FINOPB	Fino Payments Bank	Pair Corr
0.63	MAHABANK	Bank of Maharashtra	Pair Corr
0.62	601665	Qilu Bank	Pair Corr
0.59	AN3PK	Australia and New	Pair Corr
0.59	PNB	Punjab National Bank	Pair Corr
0.58	RBLBANK	RBL Bank Limited	Pair Corr
0.56	CENTRALBK	Central Bank	Pair Corr
0.51	SBIN	State Bank	Pair Corr
0.47	KARURVYSYA	Karur Vysya Bank	Pair Corr

Related Correlations Analysis

	AIKO	PHCFF	MTG	ORIQU	STTSY	SHIHF	EQTD
AIKO		1.0	0.0	0.0	-1.0	0.0	1.0	AIKO
PHCFF	1.0		0.0	0.0	-1.0	0.0	1.0	PHCFF
MTG	0.0	0.0		-0.04	0.0	-0.02	0.0	MTG
ORIQU	0.0	0.0	-0.04		0.0	0.76	0.0	ORIQU
STTSY	-1.0	-1.0	0.0	0.0		0.0	-1.0	STTSY
SHIHF	0.0	0.0	-0.02	0.76	0.0		0.0	SHIHF
EQTD	1.0	1.0	0.0	0.0	-1.0	0.0		EQTD
	AIKO	PHCFF	MTG	ORIQU	STTSY	SHIHF	EQTD

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

PHCFF	+ 1.0	AIKO
EQTD	+ 1.0	AIKO
EQTD	+ 1.0	PHCFF
SHIHF	+ 0.76	ORIQU
MTG	+ 0.0	AIKO
ORIQU	+ 0.0	AIKO

High negative correlations

EQTD	- 1.0	STTSY
STTSY	- 1.0	PHCFF
STTSY	- 1.0	AIKO
ORIQU	- 0.04	MTG
SHIHF	- 0.02	MTG
EQTD	- 0.0	SHIHF

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Hawaiian 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 Hawaiian'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
AIKO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PHCFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MTG	0.89	0.00	(0.02)	0.07	0.99	(1.02)	1.80	(1.56)	6.47
ORIQU	0.28	0.06	0.00	(0.39)	0.28	(0.85)	1.36	(0.59)	4.07
STTSY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SHIHF	0.27	0.14	0.00	(0.86)	0.00	0.00	0.00	0.00	4.76
EQTD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

First Hawaiian Corporate Management

Gina Anonuevo	Executive Officer	Profile
Christopher Dods	Vice COO	Profile
Iris Matsumoto	Ex Officer	Profile
JD Esq	General Group	Profile
Lea Nakamura	Executive Group	Profile

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