First Hawaiian Correlations

FHB Stock

USD 25.54 0.01 0.04%

The current 90-days correlation between First Hawaiian and Bank of Hawaii is 0.9 (i.e., Almost no diversification). The correlation of First Hawaiian 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.

First Hawaiian Correlation With Market

Poor diversification

The correlation between First Hawaiian and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Hawaiian 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 Hawaiian. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For information on how to trade First Stock refer to our How to Trade First Stock guide.

Moving together with First Stock

0.96	AX	Axos Financial	Pair Corr
0.91	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.85	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.82	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.82	NU	Nu Holdings Aggressive Push	Pair Corr
0.92	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.94	RF	Regions Financial Buyout Trend	Pair Corr
0.85	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.73	VABK	Virginia National	Pair Corr
0.8	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.79	TECTP	Tectonic Financial	Pair Corr
0.88	TFC-PO	Truist Financial	Pair Corr
0.78	TFC-PR	Truist Financial	Pair Corr
0.83	CFG-PE	Citizens Financial	Pair Corr
0.83	CFG-PH	Citizens Financial Group,	Pair Corr
0.93	EFSC	Enterprise Financial Earnings Call This Week	Pair Corr
0.68	KEY-PJ	KeyCorp Earnings Call This Week	Pair Corr
0.77	KEY-PK	KeyCorp Earnings Call This Week	Pair Corr
0.76	KEY-PL	KeyCorp Earnings Call This Week	Pair Corr
0.81	WABC	Westamerica Bancorporation	Pair Corr
0.95	WAFD	Washington Federal	Pair Corr
0.82	WASH	Washington Trust Bancorp Earnings Call This Week	Pair Corr
0.75	BANC-PF	Banc of California Earnings Call This Week	Pair Corr
0.94	EQBK	Equity Bancshares,	Pair Corr
0.93	ESSA	ESSA Bancorp Earnings Call This Week	Pair Corr
0.68	TFINP	Triumph Financial	Pair Corr
0.85	WSBCP	WesBanco Earnings Call This Week	Pair Corr
0.8	WNEB	Western New England Earnings Call This Week	Pair Corr
0.96	WSBC	WesBanco	Pair Corr

Moving against First Stock

0.33

TFC-PI

Truist Financial

Pair Corr

Related Correlations Analysis

	CPF	BOH	FBP	HWC	HOPE	PPBI	FIBK
CPF		0.87	0.95	0.97	0.98	0.87	0.9	CPF
BOH	0.87		0.86	0.87	0.83	0.94	0.72	BOH
FBP	0.95	0.86		0.98	0.96	0.91	0.89	FBP
HWC	0.97	0.87	0.98		0.97	0.91	0.88	HWC
HOPE	0.98	0.83	0.96	0.97		0.85	0.93	HOPE
PPBI	0.87	0.94	0.91	0.91	0.85		0.75	PPBI
FIBK	0.9	0.72	0.89	0.88	0.93	0.75		FIBK
	CPF	BOH	FBP	HWC	HOPE	PPBI	FIBK

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Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Hawaiian 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 Hawaiian'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
CPF	1.18	0.14	0.09	0.29	1.26	(1.32)	2.75	(2.30)	8.39
BOH	1.14	0.02	0.01	0.15	1.11	(1.46)	2.57	(1.93)	7.72
FBP	1.16	0.20	0.16	0.32	0.98	(1.35)	3.47	(1.91)	8.41
HWC	1.36	0.19	0.15	0.27	1.31	(1.55)	2.92	(2.57)	8.95
HOPE	1.39	0.21	0.15	0.32	1.24	(1.66)	3.14	(1.80)	8.00
PPBI	1.56	0.10	0.09	0.20	1.51	(1.79)	4.40	(3.01)	11.60
FIBK	1.56	0.42	0.14	(2.36)	1.62	(1.86)	4.10	(2.81)	11.02

First Hawaiian Corporate Management

Gina Anonuevo	Executive Officer	Profile
Christopher Dods	Vice COO	Profile
Iris Matsumoto	Ex Officer	Profile
Lea Nakamura	Executive Group	Profile

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