First Commonwealth Correlations

First Commonwealth Correlation With Market

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Commonwealth 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 main economic indicators.

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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    FBIZ + 0.94 FNLC OVLY + 0.92 CWBC FBIZ + 0.91 CWBC FNLC + 0.89 CWBC FBIZ + 0.84 OVLY FMAO + 0.84 FNLC

High negative correlations    CWBC - 0.8 FNWD OVLY - 0.78 FNWD FBIZ - 0.67 FNWD FNLC - 0.63 FNWD FMAO - 0.43 FNWD

Risk-Adjusted Indicators

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