First National Correlations

FXNC Stock

USD 22.29 0.23 1.02%

The current 90-days correlation between First National Corp and Eagle Financial Services is 0.68 (i.e., Poor diversification). The correlation of First National 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 National Correlation With Market

Very weak diversification

The correlation between First National Corp and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First National Corp 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 National Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with First Stock

0.84	WTFC	Wintrust Financial	Pair Corr
0.8	CFG	Citizens Financial Group,	Pair Corr
0.77	ONB	Old National Bancorp	Pair Corr
0.74	SSB	SouthState	Pair Corr
0.82	WAL	Western Alliance Ban	Pair Corr
0.81	WBS	Webster Financial	Pair Corr
0.83	HTBK	Heritage Commerce Corp	Pair Corr
0.81	NFBK	Northfield Bancorp	Pair Corr
0.84	NKSH	National Bankshares	Pair Corr
0.87	NRIM	Northrim BanCorp Normal Trading	Pair Corr
0.73	BPOP	Popular	Pair Corr
0.85	UMBF	UMB Financial	Pair Corr
0.7	SNPHF	Santen Pharmaceutical Earnings Call This Week	Pair Corr
0.64	MZDAF	Mazda Motor	Pair Corr
0.65	ARE	Alexandria Real Estate	Pair Corr
0.64	CMC	Commercial Metals	Pair Corr
0.7	MSI	Motorola Solutions Earnings Call This Week	Pair Corr
0.66	TEN	Tsakos Energy Navigation	Pair Corr
0.66	WAY	Waystar Holding Corp Earnings Call This Week	Pair Corr

Moving against First Stock

0.47	AEP	American Electric Power	Pair Corr
0.35	EXC	Exelon	Pair Corr
0.33	DSKYF	Daiichi Sankyo Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	EFSI	FRAF	NKSH	INBK	BPRN	VABK	LCNB	HWBK	OPBK	AVBH
EFSI		0.94	0.6	0.24	0.22	0.58	0.62	0.68	0.75	0.88	EFSI
FRAF	0.94		0.71	0.35	0.36	0.72	0.78	0.8	0.86	0.9	FRAF
NKSH	0.6	0.71		0.78	0.72	0.71	0.82	0.86	0.83	0.49	NKSH
INBK	0.24	0.35	0.78		0.82	0.47	0.63	0.68	0.67	0.07	INBK
BPRN	0.22	0.36	0.72	0.82		0.59	0.68	0.74	0.7	0.17	BPRN
VABK	0.58	0.72	0.71	0.47	0.59		0.78	0.82	0.79	0.62	VABK
LCNB	0.62	0.78	0.82	0.63	0.68	0.78		0.86	0.91	0.54	LCNB
HWBK	0.68	0.8	0.86	0.68	0.74	0.82	0.86		0.9	0.61	HWBK
OPBK	0.75	0.86	0.83	0.67	0.7	0.79	0.91	0.9		0.69	OPBK
AVBH	0.88	0.9	0.49	0.07	0.17	0.62	0.54	0.61	0.69		AVBH
	EFSI	FRAF	NKSH	INBK	BPRN	VABK	LCNB	HWBK	OPBK	AVBH

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Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First National 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 National'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
EFSI	0.96	0.04	0.04	0.13	1.06	(1.23)	2.42	(2.35)	10.55
FRAF	1.01	0.06	0.06	0.14	1.11	(1.22)	3.17	(1.96)	11.51
NKSH	1.54	(0.22)	0.00	(0.05)	0.00	0.00	3.90	(3.20)	10.82
INBK	1.95	(0.55)	0.00	(0.18)	0.00	0.00	4.74	(4.74)	17.63
BPRN	1.31	(0.08)	(0.03)	0.03	1.81	(1.24)	3.06	(2.81)	10.42
VABK	1.64	(0.08)	0.00	0.05	2.10	(1.84)	4.08	(3.03)	11.90
LCNB	1.54	(0.18)	(0.04)	0.00	1.95	(1.56)	3.15	(3.39)	10.02
HWBK	1.36	(0.01)	0.00	0.09	1.77	(1.42)	3.20	(2.92)	12.55
OPBK	1.27	(0.11)	(0.03)	0.03	1.40	(1.51)	2.73	(2.20)	9.69
AVBH	0.85	0.17	0.12	0.38	0.83	(1.03)	2.21	(1.76)	6.93

First National Corporate Executives

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

	Shane Bell	CFO, Executive VP, CFO of First Bank and Executive VP of First Bank	Profile
	Brad CPA	Executive CFO	Profile

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