Fifth Third Correlations

FITB Stock

USD 42.42 1.14 2.76%

The current 90-days correlation between Fifth Third Bancorp and MT Bank is 0.86 (i.e., Very poor diversification). The correlation of Fifth Third 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.

Fifth Third Correlation With Market

Poor diversification

The correlation between Fifth Third Bancorp 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 Fifth Third Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Fifth Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fifth Third 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 manufacturing.

Moving together with Fifth Stock

0.88	FDSB	Fifth District Bancorp,	Pair Corr
0.86	USB	US Bancorp Aggressive Push	Pair Corr

Moving against Fifth Stock

0.75	BCH	Banco De Chile	Pair Corr
0.68	TD	Toronto Dominion Bank	Pair Corr
0.67	IDBI	IDBI Bank Limited	Pair Corr
0.62	BMA	Banco Macro SA Earnings Call This Week	Pair Corr
0.57	BBD	Banco Bradesco SA	Pair Corr
0.56	BNS	Bank of Nova Scotia	Pair Corr
0.55	CM	Canadian Imperial Bank	Pair Corr
0.44	601939	China Construction Bank	Pair Corr
0.31	BAC	Bank of America	Pair Corr
0.71	SHG	Shinhan Financial	Pair Corr
0.7	CMA	Comerica Incorporated	Pair Corr
0.69	CIB	Grupo Cibest SA	Pair Corr
0.6	HDB	HDFC Bank Limited	Pair Corr
0.56	NWG	Natwest Group PLC	Pair Corr
0.51	STAN	Standard Chartered PLC	Pair Corr
0.46	BNS	Bank of Nova Scotia	Pair Corr
0.44	LYG	Lloyds Banking Group	Pair Corr
0.41	WFC	Wells Fargo	Pair Corr
0.72	NA	National Bank	Pair Corr
0.63	CM	Canadian Imperial Bank	Pair Corr
0.61	601398	Industrial and Commercial	Pair Corr
0.53	GGAL	Grupo Financiero Galicia Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	MTB	TFC	HBAN	SHG	USB	KB	FCNCA	KEY
MTB		0.8	0.97	-0.75	0.82	-0.18	0.74	0.97	MTB
TFC	0.8		0.7	-0.47	0.71	-0.02	0.76	0.79	TFC
HBAN	0.97	0.7		-0.81	0.81	-0.26	0.68	0.96	HBAN
SHG	-0.75	-0.47	-0.81		-0.46	0.72	-0.63	-0.76	SHG
USB	0.82	0.71	0.81	-0.46		0.07	0.54	0.84	USB
KB	-0.18	-0.02	-0.26	0.72	0.07		-0.21	-0.19	KB
FCNCA	0.74	0.76	0.68	-0.63	0.54	-0.21		0.75	FCNCA
KEY	0.97	0.79	0.96	-0.76	0.84	-0.19	0.75		KEY
	MTB	TFC	HBAN	SHG	USB	KB	FCNCA	KEY

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

HBAN	+ 0.97	MTB
KEY	+ 0.97	MTB
KEY	+ 0.96	HBAN
KEY	+ 0.84	USB
USB	+ 0.82	MTB
USB	+ 0.81	HBAN

High negative correlations

SHG	- 0.81	HBAN
KEY	- 0.76	SHG
SHG	- 0.75	MTB
FCNCA	- 0.63	SHG
SHG	- 0.47	TFC
USB	- 0.46	SHG

Risk-Adjusted Indicators

There is a big difference between Fifth Stock performing well and Fifth Third 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 Fifth Third'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
MTB	1.00	(0.07)	0.00	(0.02)	0.00	0.00	2.29	(2.34)	7.63
TFC	1.05	0.01	0.02	0.05	1.40	(1.12)	2.28	(2.10)	9.18
HBAN	1.14	(0.11)	0.00	(0.04)	0.00	0.00	2.19	(2.73)	9.42
SHG	1.27	0.12	0.06	0.26	1.54	(1.31)	2.74	(2.43)	7.34
USB	0.97	0.01	0.02	0.05	1.19	(1.05)	2.51	(1.82)	8.44
KB	1.43	0.04	0.03	0.08	1.72	(1.57)	2.76	(2.22)	12.55
FCNCA	1.33	(0.10)	0.00	(0.04)	0.00	0.00	2.60	(3.25)	9.30
KEY	1.09	(0.06)	(0.03)	(0.01)	1.66	(1.13)	2.56	(1.89)	9.96

Fifth Third Corporate Executives

Elected by the shareholders, the Fifth Third's board of directors comprises two types of representatives: Fifth Third inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fifth. The board's role is to monitor Fifth Third's management team and ensure that shareholders' interests are well served. Fifth Third'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, Fifth Third's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Bryan Preston	Executive CFO	Profile
	James CPA	Executive COO	Profile

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