First Citizens Correlations
| FCNCP Preferred Stock | USD 21.20 0.10 0.47% |
The correlation of First Citizens 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Citizens moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Citizens BancShares moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very weak diversification
The correlation between First Citizens BancShares and NYA is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Citizens BancShares and NYA in the same portfolio, assuming nothing else is changed.
First |
The ability to find closely correlated positions to First Citizens could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Citizens when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Citizens - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Citizens BancShares to buy it.
Moving together with First Preferred Stock
| 0.65 | KB | KB Financial Group Earnings Call Today | PairCorr |
| 0.77 | RF | Regions Financial Financial Report 19th of July 2024 | PairCorr |
| 0.75 | WF | Woori Financial Group Financial Report 21st of May 2024 | PairCorr |
| 0.67 | TFC-PI | Truist Financial | PairCorr |
| 0.71 | TFC-PO | Truist Financial | PairCorr |
| 0.7 | CFG-PD | Citizens Financial | PairCorr |
| 0.83 | CFG-PE | Citizens Financial | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in First Citizens without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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First Citizens Corporate Management
Elected by the shareholders, the First Citizens' board of directors comprises two types of representatives: First Citizens inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Citizens' management team and ensure that shareholders' interests are well served. First Citizens' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Citizens' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Matthew Martin | Chief Sec | Profile | |
| Frank Holding | Chairman CEO | Profile | |
| Jeffery Ward | Chief Officer | Profile | |
| Hope Bryant | Vice Exec | Profile | |
| Lorie Rupp | Chief Officer | Profile | |
| Deanna Hart | VP Relations | Profile | |
| West Ludwig | Ex Officer | Profile |
Already Invested in First Citizens BancShares?
The danger of trading First Citizens BancShares is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of First Citizens is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than First Citizens. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile First Citizens BancShares is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Citizens BancShares. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the First Citizens BancShares information on this page should be used as a complementary analysis to other First Citizens' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for First Preferred Stock analysis
When running First Citizens' price analysis, check to measure First Citizens' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Citizens is operating at the current time. Most of First Citizens' value examination focuses on studying past and present price action to predict the probability of First Citizens' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Citizens' price. Additionally, you may evaluate how the addition of First Citizens to your portfolios can decrease your overall portfolio volatility.
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