First Of Correlations

FLICDelisted Stock

USD 11.87 0.14 1.19%

The current 90-days correlation between First Of Long and HomeStreet is -0.05 (i.e., Good diversification). The correlation of First Of 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 Of Correlation With Market

Good diversification

The correlation between First Of Long and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Of Long and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving against First Stock

0.52	AXP	American Express	Pair Corr
0.51	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.49	MCD	McDonalds	Pair Corr
0.42	TRV	The Travelers Companies	Pair Corr
0.35	PPERY	Bank Mandiri Persero Earnings Call This Week	Pair Corr

Related Correlations Analysis

	HMST	PWOD	EVBN	FRC	CVCY	CVLY	SBT	ESSA	OPOF
HMST		0.29	-0.39	0.0	0.0	0.0	0.44	0.17	0.66	HMST
PWOD	0.29		-0.64	0.0	0.0	0.0	0.11	0.15	0.53	PWOD
EVBN	-0.39	-0.64		0.0	0.0	0.0	0.16	-0.21	-0.59	EVBN
FRC	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	FRC
CVCY	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	CVCY
CVLY	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CVLY
SBT	0.44	0.11	0.16	0.0	0.0	0.0		0.04	0.23	SBT
ESSA	0.17	0.15	-0.21	0.0	0.0	0.0	0.04		0.21	ESSA
OPOF	0.66	0.53	-0.59	0.0	0.0	0.0	0.23	0.21		OPOF
	HMST	PWOD	EVBN	FRC	CVCY	CVLY	SBT	ESSA	OPOF

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

OPOF	+ 0.66	HMST
OPOF	+ 0.53	PWOD
SBT	+ 0.44	HMST
PWOD	+ 0.29	HMST
OPOF	+ 0.23	SBT
OPOF	+ 0.21	ESSA

High negative correlations

EVBN	- 0.64	PWOD
OPOF	- 0.59	EVBN
EVBN	- 0.39	HMST
ESSA	- 0.21	EVBN
OPOF	- 0.0	CVLY
ESSA	- 0.0	CVLY

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Of 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 Of'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
HMST	1.39	0.17	0.08	(4.95)	1.65	(1.49)	2.95	(2.70)	7.75
PWOD	1.05	0.19	0.13	1.30	1.05	(1.18)	2.67	(1.80)	8.07
EVBN	1.28	(0.12)	0.00	(0.36)	0.00	0.00	2.41	(2.21)	10.31
FRC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CVCY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CVLY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SBT	0.84	0.03	0.00	0.24	1.05	(1.03)	1.51	(2.32)	7.36
ESSA	341.66	172.37	4.95	1.85	21.18	(446.33)	2,913	(96.53)	3,176
OPOF	0.82	0.09	0.04	(0.45)	0.98	(0.91)	2.32	(1.70)	5.50

First Of Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with First Of stock to make a market-neutral strategy. Peer analysis of First Of could also be used in its relative valuation, which is a method of valuing First Of by comparing valuation metrics with similar companies.

HomeStreet Penns Woods Bancorp Evans Bancorp FIRST REP BK Central Valley Community Codorus Valley Bancorp Sterling Bancorp ESSA Bancorp Old Point Financial American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

Risk & Return

Correlation

First Of Corporate Management

CPA CPA	Ex Officer	Profile
Tanweer Esq	Executive Officer	Profile
Robert Colosa	Senior Auditor	Profile
Maria CPA	Senior Controls	Profile

Still Interested in First Of Long?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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