Fifth Third Correlations

FITB Stock

USD 33.75 1.72 4.85%

The current 90-days correlation between Fifth Third Bancorp and Nu Holdings is 0.33 (i.e., Weak diversification). The correlation of Fifth Third 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.

Fifth Third Correlation With Market

Poor diversification

The correlation between Fifth Third Bancorp and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fifth Third Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fifth Third Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Fifth Stock

0.91	AX	Axos Financial	Pair Corr
0.93	BY	Byline Bancorp	Pair Corr
0.77	KB	KB Financial Group	Pair Corr
0.63	NU	Nu Holdings	Pair Corr
0.97	PB	Prosperity Bancshares	Pair Corr
0.99	RF	Regions Financial	Pair Corr
0.9	VBNK	VersaBank	Pair Corr
0.93	VBTX	Veritex Holdings	Pair Corr
0.61	TFC-PI	Truist Financial	Pair Corr
0.78	EBTC	Enterprise Bancorp	Pair Corr
0.8	EFSC	Enterprise Financial	Pair Corr
0.62	EFSI	Eagle Financial Services	Pair Corr
0.89	EGBN	Eagle Bancorp	Pair Corr
0.68	WAFD	Washington Federal	Pair Corr
0.81	WASH	Washington Trust Bancorp	Pair Corr
0.96	EQBK	Equity Bancshares,	Pair Corr
0.79	ESSA	ESSA Bancorp	Pair Corr
0.81	TFINP	Triumph Financial	Pair Corr
0.96	EVBN	Evans Bancorp	Pair Corr
0.95	EWBC	East West Bancorp	Pair Corr
0.95	WMPN	William Penn Bancorp	Pair Corr

Moving against Fifth Stock

0.68	VBFC	Village Bank	Pair Corr
0.66	ECBK	ECB Bancorp	Pair Corr
0.58	TECTP	Tectonic Financial	Pair Corr
0.36	EBMT	Eagle Bancorp Montana	Pair Corr
0.6	OCFCP	OceanFirst Financial Corp	Pair Corr
0.32	WSBCP	WesBanco	Pair Corr

Related Correlations Analysis

	AX	BY	NU	PB	RF	WF	VABK	VBFC	VBNK
AX		0.86	0.66	0.91	0.94	-0.19	0.25	-0.67	0.89	AX
BY	0.86		0.76	0.93	0.91	0.13	0.34	-0.71	0.86	BY
NU	0.66	0.76		0.72	0.65	0.25	0.25	-0.46	0.58	NU
PB	0.91	0.93	0.72		0.96	0.01	0.19	-0.66	0.88	PB
RF	0.94	0.91	0.65	0.96		-0.04	0.15	-0.68	0.91	RF
WF	-0.19	0.13	0.25	0.01	-0.04		0.14	0.28	-0.2	WF
VABK	0.25	0.34	0.25	0.19	0.15	0.14		0.01	0.06	VABK
VBFC	-0.67	-0.71	-0.46	-0.66	-0.68	0.28	0.01		-0.83	VBFC
VBNK	0.89	0.86	0.58	0.88	0.91	-0.2	0.06	-0.83		VBNK
	AX	BY	NU	PB	RF	WF	VABK	VBFC	VBNK

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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

RF	+ 0.96	PB
RF	+ 0.94	AX
PB	+ 0.93	BY
PB	+ 0.91	AX
RF	+ 0.91	BY
VBNK	+ 0.91	RF

High negative correlations

VBNK	- 0.83	VBFC
VBFC	- 0.71	BY
VBFC	- 0.68	RF
VBFC	- 0.67	AX
VBFC	- 0.66	PB
VBFC	- 0.46	NU

Risk-Adjusted Indicators

There is a big difference between Fifth Stock performing well and Fifth Third 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 Fifth Third'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
AX	1.45	(0.09)	0.00	(0.23)	0.00	0.00	3.34	(3.19)	12.83
BY	1.25	(0.10)	0.00	(0.25)	0.00	0.00	2.17	(2.99)	9.72
NU	2.51	0.18	0.00	(0.06)	0.00	0.00	4.58	(6.38)	25.98
PB	1.07	(0.06)	0.00	(0.22)	0.00	0.00	2.30	(1.91)	10.97
RF	1.38	(0.11)	0.00	(0.24)	0.00	0.00	2.41	(3.18)	13.85
WF	1.08	0.15	0.11	0.04	1.64	(1.00)	2.03	(2.55)	8.85
VABK	1.22	0.01	0.00	(0.15)	0.00	0.00	3.06	(3.16)	7.70
VBFC	0.29	0.06	0.24	0.73	0.41	(0.41)	0.64	(0.51)	6.37
VBNK	1.72	(0.41)	0.00	(0.63)	0.00	0.00	3.66	(4.37)	17.28

Fifth Third Corporate Executives

Elected by the shareholders, the Fifth Third's board of directors comprises two types of representatives: Fifth Third inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fifth. The board's role is to monitor Fifth Third's management team and ensure that shareholders' interests are well served. Fifth Third's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Fifth Third's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Bryan Preston	Executive CFO	Profile
	James CPA	Executive COO	Profile

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