First Capital Correlations

FCAP Stock

USD 41.39 1.79 4.52%

The current 90-days correlation between First Capital and Barclays PLC ADR is 0.27 (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

Modest diversification

The correlation between First Capital and DJI is 0.21 (i.e., Modest 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

0.61	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.69	NU	Nu Holdings Aggressive Push	Pair Corr
0.76	VBNK	VersaBank	Pair Corr
0.67	TFC-PI	Truist Financial	Pair Corr
0.64	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.8	ECBK	ECB Bancorp	Pair Corr
0.64	KEY-PI	KeyCorp	Pair Corr

Moving against First Stock

0.64

EGBN

Eagle Bancorp

Pair Corr

Related Correlations Analysis

	BCS	UBS	ING	C	RY	BAC	JPM	TD	HSBC	WFC
BCS		0.92	0.98	0.95	0.95	0.96	0.96	0.92	0.96	0.93	BCS
UBS	0.92		0.92	0.91	0.8	0.91	0.87	0.74	0.93	0.93	UBS
ING	0.98	0.92		0.92	0.93	0.93	0.93	0.86	0.95	0.94	ING
C	0.95	0.91	0.92		0.88	0.99	0.98	0.89	0.94	0.96	C
RY	0.95	0.8	0.93	0.88		0.87	0.92	0.96	0.85	0.83	RY
BAC	0.96	0.91	0.93	0.99	0.87		0.97	0.87	0.95	0.97	BAC
JPM	0.96	0.87	0.93	0.98	0.92	0.97		0.91	0.9	0.94	JPM
TD	0.92	0.74	0.86	0.89	0.96	0.87	0.91		0.82	0.8	TD
HSBC	0.96	0.93	0.95	0.94	0.85	0.95	0.9	0.82		0.94	HSBC
WFC	0.93	0.93	0.94	0.96	0.83	0.97	0.94	0.8	0.94		WFC
	BCS	UBS	ING	C	RY	BAC	JPM	TD	HSBC	WFC

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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
BCS	1.69	0.17	0.06	0.17	2.64	(1.66)	3.08	(3.03)	13.04
UBS	1.71	(0.02)	(0.01)	0.03	2.49	(1.56)	3.32	(3.92)	13.18
ING	1.43	0.15	0.07	0.18	2.07	(1.43)	3.03	(2.64)	12.16
C	1.65	0.16	0.06	0.16	2.85	(1.74)	3.26	(3.46)	13.87
RY	0.89	0.15	0.09	0.31	1.12	(0.94)	1.87	(2.24)	8.28
BAC	1.43	0.10	0.04	0.14	2.76	(1.37)	3.59	(3.22)	12.23
JPM	1.30	0.17	0.08	0.20	1.99	(1.33)	2.75	(2.12)	11.14
TD	0.78	0.26	0.23	0.73	0.70	(0.92)	2.74	(1.11)	4.05
HSBC	1.38	0.04	0.02	0.09	2.27	(1.40)	3.47	(2.85)	8.94
WFC	1.52	0.08	0.03	0.11	2.42	(1.61)	3.09	(3.09)	11.70

First Capital Corporate Management

Joseph Mahuron	Chief Officer	Profile
Angie Jett	Chief Officer	Profile
Jeff Thomas	Director Bank	Profile
Jennifer Incantalupo	Chief Officer	Profile
Terri Vorbrink	Human Manager	Profile

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