First Community Correlations

First Community Correlation With Market

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Community Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. For information on how to trade First Stock refer to our How to Trade First Stock guide.

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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    KO + 0.85 AIQUF STBFY + 0.85 AIQUF STBFY + 0.74 KO FMBV + 0.67 WAB WVVIP + 0.15 WAB PVARF + 0.0 AIQUF

High negative correlations    KO - 0.81 WAB STBFY - 0.79 FMBV STBFY - 0.73 WAB FMBV - 0.7 AIQUF WAB - 0.69 AIQUF FMBV - 0.59 KO

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Community 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 Community'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.