First Capital Correlations

FCAP Stock

USD 65.29 5.91 9.95%

The current 90-days correlation between First Capital and Landmark Bancorp is 0.26 (i.e., Modest diversification). The correlation of First Capital 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 Capital Correlation With Market

Average diversification

The correlation between First Capital and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Capital 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 Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

To learn how to invest in First Stock, please use our How to Invest in First Capital guide.

Moving together with First Stock

0.66	BIRG	Bank of Ireland	Pair Corr
0.76	TMP	Tompkins Financial	Pair Corr
0.66	AROW	Arrow Financial	Pair Corr
0.77	BHRB	Burke Herbert Financial	Pair Corr
0.7	BVFL	BV Financial, Common	Pair Corr
0.74	BWFG	Bankwell Financial	Pair Corr
0.77	PFG	Principal Financial	Pair Corr
0.7	BCEXF	BCE Inc	Pair Corr

Moving against First Stock

0.65	CARV	Carver Bancorp	Pair Corr
0.45	BYFC	Broadway Financial	Pair Corr
0.35	601658	Postal Savings Bank	Pair Corr
0.34	601665	Qilu Bank	Pair Corr
0.45	RMCO	Royalty Management	Pair Corr
0.31	GDEV	GDEV Inc	Pair Corr

Related Correlations Analysis

	LARK	CFBK	FNWD	EBMT	PEBK	ECBK	MNSB	HNVR	CZWI	RMBI
LARK		0.21	0.84	0.59	0.86	0.53	0.36	0.69	0.91	0.19	LARK
CFBK	0.21		-0.18	0.48	0.42	-0.28	0.85	0.38	0.17	0.74	CFBK
FNWD	0.84	-0.18		0.25	0.65	0.69	-0.09	0.39	0.83	-0.26	FNWD
EBMT	0.59	0.48	0.25		0.81	-0.01	0.73	0.73	0.62	0.67	EBMT
PEBK	0.86	0.42	0.65	0.81		0.34	0.55	0.7	0.86	0.4	PEBK
ECBK	0.53	-0.28	0.69	-0.01	0.34		-0.16	0.42	0.66	-0.36	ECBK
MNSB	0.36	0.85	-0.09	0.73	0.55	-0.16		0.69	0.37	0.86	MNSB
HNVR	0.69	0.38	0.39	0.73	0.7	0.42	0.69		0.79	0.54	HNVR
CZWI	0.91	0.17	0.83	0.62	0.86	0.66	0.37	0.79		0.15	CZWI
RMBI	0.19	0.74	-0.26	0.67	0.4	-0.36	0.86	0.54	0.15		RMBI
	LARK	CFBK	FNWD	EBMT	PEBK	ECBK	MNSB	HNVR	CZWI	RMBI

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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

CZWI	+ 0.91	LARK
PEBK	+ 0.86	LARK
CZWI	+ 0.86	PEBK
RMBI	+ 0.86	MNSB
MNSB	+ 0.85	CFBK
FNWD	+ 0.84	LARK

High negative correlations

RMBI	- 0.36	ECBK
ECBK	- 0.28	CFBK
RMBI	- 0.26	FNWD
FNWD	- 0.18	CFBK
MNSB	- 0.16	ECBK
MNSB	- 0.09	FNWD

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Capital 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 Capital'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
LARK	0.84	0.20	0.17	3.95	0.54	(1.04)	2.42	(1.47)	4.29
CFBK	0.74	(0.10)	0.00	(0.34)	0.00	0.00	1.80	(1.80)	5.60
FNWD	1.20	0.26	0.20	0.43	0.93	(1.43)	3.34	(1.85)	7.25
EBMT	0.98	0.10	0.06	0.25	1.10	(1.04)	2.08	(1.78)	5.59
PEBK	1.60	0.16	0.08	0.20	1.88	(1.71)	3.66	(3.30)	9.18
ECBK	1.22	0.06	0.01	0.19	1.59	(1.22)	2.61	(2.75)	11.46
MNSB	1.15	(0.02)	(0.03)	0.04	1.48	(1.22)	2.22	(2.89)	7.09
HNVR	1.03	0.05	0.03	0.14	1.07	(1.32)	2.54	(2.12)	7.21
CZWI	0.92	0.10	0.06	0.21	1.09	(1.13)	2.36	(1.58)	7.90
RMBI	1.59	(0.10)	0.00	(0.03)	0.00	0.00	3.60	(3.03)	9.02

First Capital Corporate Management

Joseph Mahuron	Chief Officer	Profile
Angie Jett	Chief Officer	Profile
Jeff Thomas	Director Bank	Profile
Jennifer Incantalupo	Chief Officer	Profile

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