First Horizon Correlations
| FHN Stock | USD 15.79 0.09 0.57% |
The correlation of First Horizon 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 Horizon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Horizon National 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 Horizon National and NYA is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Horizon National and NYA in the same portfolio, assuming nothing else is changed.
First |
The ability to find closely correlated positions to First Horizon 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 Horizon 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 Horizon - 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 Horizon National to buy it.
Moving together with First Stock
| 0.66 | BY | Byline Bancorp Financial Report 25th of July 2024 | PairCorr |
| 0.79 | DB | Deutsche Bank AG Normal Trading | PairCorr |
| 0.65 | KB | KB Financial Group Financial Report 20th of May 2024 | PairCorr |
| 0.82 | RF | Regions Financial Earnings Call This Week | PairCorr |
| 0.65 | TECTP | Tectonic Financial | PairCorr |
| 0.82 | CFG-PD | Citizens Financial | PairCorr |
Moving against First Stock
| 0.56 | VBNK | VersaBank Financial Report 5th of June 2024 | PairCorr |
| 0.56 | ECBK | ECB Bancorp | PairCorr |
| 0.53 | EGBN | Eagle Bancorp Financial Report 24th of July 2024 | PairCorr |
| 0.43 | EBTC | Enterprise Bancorp | 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 Horizon 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 Horizon Corporate Directors
First Horizon corporate directors refer to members of a First Horizon board of directors. The board of directors generally takes responsibility for the First Horizon's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of First Horizon's board members must vote for the resolution. The First Horizon board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| John Compton | Independent Director | Profile | |
| Rajesh Subramaniam | Independent Director | Profile | |
| Colin Reed | Lead Independent Director | Profile | |
| Kenneth Burdick | Independent Director | Profile |
Already Invested in First Horizon National?
The danger of trading First Horizon National 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 Horizon 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 Horizon. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile First Horizon National 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.
When determining whether First Horizon National offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Horizon's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of First Horizon National Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First Horizon National Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Horizon National. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the First Horizon National information on this page should be used as a complementary analysis to other First Horizon's 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.
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When running First Horizon's price analysis, check to measure First Horizon's 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 Horizon is operating at the current time. Most of First Horizon's value examination focuses on studying past and present price action to predict the probability of First Horizon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Horizon's price. Additionally, you may evaluate how the addition of First Horizon to your portfolios can decrease your overall portfolio volatility.
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Is First Horizon's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Horizon. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Horizon listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.23) | Dividend Share 0.6 | Earnings Share 1.44 | Revenue Per Share 5.321 | Quarterly Revenue Growth (0.05) |
The market value of First Horizon National is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Horizon's value that differs from its market value or its book value, called intrinsic value, which is First Horizon's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Horizon's market value can be influenced by many factors that don't directly affect First Horizon's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Horizon's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Horizon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Horizon's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.