First Community Correlations

FMFP Stock

USD 14.17 0.06 0.43%

The current 90-days correlation between First Community Financial and The Victory Bancorp is 0.09 (i.e., Significant 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. If the correlation is 0, the equities are not correlated; they are entirely random.

First Community Correlation With Market

Good diversification

The correlation between First Community Financial and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Community Financial and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to First Community could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Community when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Community - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Community Financial to buy it.

Moving together with First Pink Sheet

0.67	CIHKY	China Merchants Bank	Pair Corr
0.69	CIHHF	China Merchants Bank	Pair Corr
0.69	MFG	Mizuho Financial	Pair Corr
0.89	JBHT	JB Hunt Transport	Pair Corr
0.8	MTC	MMTEC Inc Tech Boost	Pair Corr
0.72	AAPL	Apple Inc	Pair Corr
0.84	DD	Dupont De Nemours	Pair Corr
0.7	BAC	Bank of America	Pair Corr
0.65	MCD	McDonalds	Pair Corr
0.84	CAT	Caterpillar	Pair Corr
0.83	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.84	JNJ	Johnson Johnson	Pair Corr
0.66	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Moving against First Pink Sheet

0.78	USB-PH	US Bancorp	Pair Corr
0.75	EQC	Equity Commonwealth	Pair Corr
0.69	ROBOF	RoboGroup TEK	Pair Corr
0.59	IBN	ICICI Bank Limited	Pair Corr
0.84	T	ATT Inc	Pair Corr
0.7	MSFT	Microsoft	Pair Corr
0.65	CVX	Chevron Corp	Pair Corr
0.64	HPQ	HP Inc	Pair Corr
0.46	BA	Boeing	Pair Corr

Related Correlations Analysis

	VTYB	CIZN	WDFN	SGBG	HCBN	ANDC	MFBP	EXCH	ALBY	OAKV
VTYB		0.27	0.71	0.2	0.49	-0.29	-0.13	0.58	0.48	0.06	VTYB
CIZN	0.27		0.56	0.86	0.66	-0.4	-0.35	0.76	-0.41	0.5	CIZN
WDFN	0.71	0.56		0.52	0.58	-0.4	-0.27	0.59	0.14	0.21	WDFN
SGBG	0.2	0.86	0.52		0.57	-0.21	-0.23	0.7	-0.64	0.6	SGBG
HCBN	0.49	0.66	0.58	0.57		-0.24	-0.29	0.77	0.0	0.19	HCBN
ANDC	-0.29	-0.4	-0.4	-0.21	-0.24		0.2	-0.36	-0.11	-0.18	ANDC
MFBP	-0.13	-0.35	-0.27	-0.23	-0.29	0.2		-0.24	0.15	-0.2	MFBP
EXCH	0.58	0.76	0.59	0.7	0.77	-0.36	-0.24		-0.13	0.51	EXCH
ALBY	0.48	-0.41	0.14	-0.64	0.0	-0.11	0.15	-0.13		-0.55	ALBY
OAKV	0.06	0.5	0.21	0.6	0.19	-0.18	-0.2	0.51	-0.55		OAKV
	VTYB	CIZN	WDFN	SGBG	HCBN	ANDC	MFBP	EXCH	ALBY	OAKV

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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

SGBG	+ 0.86	CIZN
EXCH	+ 0.77	HCBN
EXCH	+ 0.76	CIZN
WDFN	+ 0.71	VTYB
EXCH	+ 0.7	SGBG
HCBN	+ 0.66	CIZN

High negative correlations

ALBY	- 0.64	SGBG
OAKV	- 0.55	ALBY
ALBY	- 0.41	CIZN
ANDC	- 0.4	WDFN
ANDC	- 0.4	CIZN
EXCH	- 0.36	ANDC

Risk-Adjusted Indicators

There is a big difference between First Pink Sheet 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VTYB	1.61	0.86	1.25	(1.10)	0.00	(2.51)	1.16	(0.93)	50.27
CIZN	1.08	0.23	0.11	1.08	1.17	(1.29)	2.53	(2.22)	9.52
WDFN	1.16	0.31	0.11	1.90	1.02	(2.44)	3.96	(2.88)	17.82
SGBG	0.64	0.19	0.07	2.28	0.43	(1.97)	3.34	(1.41)	6.67
HCBN	0.42	0.08	0.02	2.95	0.47	(0.90)	1.30	(1.19)	4.33
ANDC	0.93	0.00	0.00	0.06	0.00	0.00	2.15	(2.36)	7.49
MFBP	0.60	0.02	(0.03)	0.00	1.08	(0.96)	2.16	(2.43)	6.88
EXCH	0.86	0.43	0.00	8.43	0.00	0.00	0.64	0.00	16.50
ALBY	0.20	0.00	(0.09)	0.07	0.34	(0.94)	0.80	(0.50)	4.09
OAKV	0.50	0.02	(0.04)	(0.03)	0.72	(1.20)	1.43	(1.13)	6.08

Be your own money manager

Our tools can tell you how much better you can do entering a position in First Community without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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First Community Corporate Management

CPA CPA	S Director	Profile
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