First Citizens Correlations
| FCNCA Stock | USD 1,710 3.50 0.20% |
The correlation of First Citizens 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Citizens moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Citizens BancShares moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between First Citizens BancShares and NYA is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Citizens BancShares and NYA in the same portfolio, assuming nothing else is changed.
First |
The ability to find closely correlated positions to First Citizens 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 Citizens 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 Citizens - 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 Citizens BancShares to buy it.
Moving together with First Stock
| 0.81 | DB | Deutsche Bank AG | PairCorr |
| 0.65 | RF | Regions Financial Financial Report 19th of July 2024 | PairCorr |
| 0.69 | TECTP | Tectonic Financial | PairCorr |
| 0.72 | CFG-PD | Citizens Financial | PairCorr |
Moving against First Stock
| 0.68 | EGBN | Eagle Bancorp Financial Report 24th of July 2024 | PairCorr |
| 0.65 | ECBK | ECB Bancorp | PairCorr |
| 0.5 | EBTC | Enterprise Bancorp | PairCorr |
| 0.47 | VBNK | VersaBank Financial Report 5th of June 2024 | PairCorr |
Related Correlations Analysis
| 0.8 | -0.79 | 0.78 | 0.2 | -0.45 | NFBK | ||
| 0.8 | -0.87 | 0.7 | 0.0 | -0.42 | FIDS | ||
| -0.79 | -0.87 | -0.68 | -0.03 | 0.38 | MIFF | ||
| 0.78 | 0.7 | -0.68 | 0.12 | -0.48 | CEFC | ||
| 0.2 | 0.0 | -0.03 | 0.12 | 0.09 | APLO | ||
| -0.45 | -0.42 | 0.38 | -0.48 | 0.09 | KPCPY | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between First Stock performing well and First Citizens 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 Citizens' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NFBK | 1.98 | (0.51) | 0.00 | (0.24) | 0.00 | 3.32 | 12.36 | |||
| FIDS | 0.56 | (0.18) | 0.00 | (0.27) | 0.00 | 0.10 | 11.36 | |||
| MIFF | 0.12 | 0.05 | 0.00 | (1.29) | 0.00 | 0.00 | 3.97 | |||
| CEFC | 1.01 | (0.17) | 0.00 | (0.72) | 0.00 | 1.81 | 7.15 | |||
| APLO | 0.61 | (0.05) | 0.00 | 0.16 | 0.00 | 2.13 | 13.92 | |||
| KPCPY | 1.85 | 0.16 | 0.05 | 0.40 | 2.40 | 3.72 | 9.65 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in First Citizens 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.Did you try this?
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First Citizens Corporate Management
Elected by the shareholders, the First Citizens' board of directors comprises two types of representatives: First Citizens 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 Citizens' management team and ensure that shareholders' interests are well served. First Citizens' 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 Citizens' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Matthew Martin | Chief Secretary | Profile | |
| Lorie Rupp | Chief Officer | Profile | |
| Barbara Thompson | Director Marketing | Profile | |
| Gregory Smith | Chief Officer | Profile |
Already Invested in First Citizens BancShares?
The danger of trading First Citizens BancShares is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of First Citizens is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than First Citizens. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile First Citizens BancShares is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether First Citizens BancShares offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Citizens' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of First Citizens Bancshares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First Citizens Bancshares Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Citizens BancShares. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the First Citizens BancShares information on this page should be used as a complementary analysis to other First Citizens' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for First Stock analysis
When running First Citizens' price analysis, check to measure First Citizens' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Citizens is operating at the current time. Most of First Citizens' value examination focuses on studying past and present price action to predict the probability of First Citizens' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Citizens' price. Additionally, you may evaluate how the addition of First Citizens to your portfolios can decrease your overall portfolio volatility.
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Is First Citizens' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Citizens. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Citizens listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.061 | Dividend Share 3.89 | Earnings Share 180.06 | Revenue Per Share 523.407 | Quarterly Revenue Growth 0.986 |
The market value of First Citizens BancShares is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Citizens' value that differs from its market value or its book value, called intrinsic value, which is First Citizens' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Citizens' market value can be influenced by many factors that don't directly affect First Citizens' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Citizens' value and its price as these two are different measures arrived at by different means. Investors typically determine if First Citizens is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Citizens' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.