First Financial Correlations

THFF Stock

USD 55.49 0.13 0.23%

The current 90-days correlation between First Financial and Mid Penn Bancorp is 0.8 (i.e., Very poor diversification). The correlation of First Financial 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 Financial Correlation With Market

Very weak diversification

The correlation between First Financial and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Financial and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with First Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in First Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

For more detail on how to invest in First Stock please use our How to Invest in First Financial guide.

Moving together with First Stock

0.82	AX	Axos Financial	Pair Corr
0.93	BY	Byline Bancorp	Pair Corr
0.67	PB	Prosperity Bancshares	Pair Corr
0.88	RF	Regions Financial Earnings Call This Week	Pair Corr
0.66	VABK	Virginia National	Pair Corr
0.84	601658	Postal Savings Bank	Pair Corr
0.72	EBMT	Eagle Bancorp Montana	Pair Corr
0.69	ECBK	ECB Bancorp Earnings Call This Week	Pair Corr
0.86	EFSC	Enterprise Financial	Pair Corr
0.82	WABC	Westamerica Bancorporation	Pair Corr
0.94	WAFD	Washington Federal	Pair Corr
0.9	WASH	Washington Trust Bancorp	Pair Corr
0.81	EWBC	East West Bancorp	Pair Corr
0.95	WNEB	Western New England	Pair Corr
0.79	WSFS	WSFS Financial	Pair Corr
0.89	WTFC	Wintrust Financial	Pair Corr
0.86	FBIZ	First Business Financial	Pair Corr
0.89	FBNC	First Bancorp Normal Trading	Pair Corr
0.81	FCBC	First Community Banc	Pair Corr

Moving against First Stock

0.56	TFINP	Triumph Financial	Pair Corr
0.35	DCBBANK	DCB Bank Limited	Pair Corr
0.35	HSBK	Halyk Bank	Pair Corr
0.32	BIRG	Bank of Ireland	Pair Corr
0.53	FNWB	First Northwest Bancorp	Pair Corr
0.44	BANKINDIA	Bank of India	Pair Corr
0.36	SOUTHBANK	South Indian	Pair Corr
0.32	FRMEP	First Merchants	Pair Corr

Related Correlations Analysis

	MPB	SPFI	IBCP	CAC	FCBC	HBNC	NPB	SMBK	BFST	NBBK
MPB		0.67	0.56	0.86	0.64	0.66	0.72	0.89	0.74	0.84	MPB
SPFI	0.67		0.78	0.78	0.88	0.43	0.73	0.79	0.59	0.79	SPFI
IBCP	0.56	0.78		0.64	0.65	0.41	0.56	0.73	0.7	0.79	IBCP
CAC	0.86	0.78	0.64		0.79	0.53	0.58	0.87	0.85	0.91	CAC
FCBC	0.64	0.88	0.65	0.79		0.34	0.5	0.7	0.54	0.76	FCBC
HBNC	0.66	0.43	0.41	0.53	0.34		0.63	0.64	0.48	0.56	HBNC
NPB	0.72	0.73	0.56	0.58	0.5	0.63		0.79	0.4	0.58	NPB
SMBK	0.89	0.79	0.73	0.87	0.7	0.64	0.79		0.74	0.88	SMBK
BFST	0.74	0.59	0.7	0.85	0.54	0.48	0.4	0.74		0.86	BFST
NBBK	0.84	0.79	0.79	0.91	0.76	0.56	0.58	0.88	0.86		NBBK
	MPB	SPFI	IBCP	CAC	FCBC	HBNC	NPB	SMBK	BFST	NBBK

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Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Financial 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 Financial'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
MPB	1.26	(0.05)	0.01	0.05	1.45	(1.40)	3.03	(2.78)	9.04
SPFI	1.32	(0.13)	(0.05)	(0.01)	1.79	(1.33)	2.67	(2.96)	9.62
IBCP	1.19	(0.08)	(0.03)	0.03	1.38	(1.27)	3.09	(2.57)	7.71
CAC	1.42	(0.07)	0.00	0.04	1.47	(1.76)	3.70	(2.62)	9.52
FCBC	1.32	(0.23)	0.00	(0.06)	0.00	0.00	2.51	(3.14)	9.09
HBNC	1.44	0.10	0.00	(0.38)	1.68	(1.73)	4.42	(3.34)	10.14
NPB	1.36	(0.03)	0.01	0.06	1.82	(1.40)	2.95	(3.85)	8.94
SMBK	1.27	(0.03)	0.01	0.06	1.57	(1.33)	2.95	(2.31)	9.51
BFST	1.23	(0.02)	0.02	0.07	1.39	(1.43)	3.23	(2.13)	10.13
NBBK	1.20	(0.02)	0.02	0.07	1.21	(1.39)	3.07	(2.25)	7.42

First Financial Corporate Management

Steven Holliday	Chief Credit Officer of First Financial Bank N.A. and VP of First Financial Bank N.A.	Profile
Karen StinsonMilienu	First Officer	Profile
Terry Tevlin	Vice Marketing	Profile
Bob Renock	Chief Officer	Profile
Mark Franklin	Senior Officer	Profile

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