First Reliance Correlations

FSRL Stock

USD 9.75 0.05 0.51%

The current 90-days correlation between First Reliance Bancshares and FNB Inc is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Reliance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Reliance Bancshares moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

First Reliance Correlation With Market

Significant diversification

The correlation between First Reliance Bancshares and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Reliance Bancshares and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to First Reliance 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 Reliance 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 Reliance - 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 Reliance Bancshares to buy it.

Moving together with First Pink Sheet

0.7	CIHKY	China Merchants Bank	Pair Corr
0.66	FITBP	Fifth Third Bancorp	Pair Corr
0.61	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.63	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.69	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.62	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Moving against First Pink Sheet

0.5	BBAS3	Banco do Brasil	Pair Corr
0.61	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.37	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.36	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	FIDS	APLO	CEFC	CTYP	PCLB	BSFO	FISB	PBKC	LBNW
FIDS		-0.16	0.7	0.71	0.0	0.27	0.39	0.53	0.66	FIDS
APLO	-0.16		-0.47	-0.25	0.08	-0.4	-0.2	-0.49	-0.56	APLO
CEFC	0.7	-0.47		0.75	-0.03	0.49	0.55	0.76	0.78	CEFC
CTYP	0.71	-0.25	0.75		0.04	0.39	0.45	0.67	0.76	CTYP
PCLB	0.0	0.08	-0.03	0.04		-0.09	0.43	0.27	0.11	PCLB
BSFO	0.27	-0.4	0.49	0.39	-0.09		0.46	0.68	0.28	BSFO
FISB	0.39	-0.2	0.55	0.45	0.43	0.46		0.84	0.51	FISB
PBKC	0.53	-0.49	0.76	0.67	0.27	0.68	0.84		0.68	PBKC
LBNW	0.66	-0.56	0.78	0.76	0.11	0.28	0.51	0.68		LBNW
	FIDS	APLO	CEFC	CTYP	PCLB	BSFO	FISB	PBKC	LBNW

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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

PBKC	+ 0.84	FISB
LBNW	+ 0.78	CEFC
PBKC	+ 0.76	CEFC
LBNW	+ 0.76	CTYP
CTYP	+ 0.75	CEFC
CTYP	+ 0.71	FIDS

High negative correlations

LBNW	- 0.56	APLO
PBKC	- 0.49	APLO
CEFC	- 0.47	APLO
BSFO	- 0.4	APLO
CTYP	- 0.25	APLO
FISB	- 0.2	APLO

Risk-Adjusted Indicators

There is a big difference between First Pink Sheet performing well and First Reliance 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 Reliance'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
FIDS	0.50	0.08	0.00	0.30	0.00	0.00	0.00	0.00	16.87
APLO	0.49	0.10	0.00	(0.20)	0.00	0.00	1.37	(1.29)	17.91
CEFC	0.71	0.12	(0.01)	(1.73)	0.98	(1.35)	2.22	(1.10)	7.72
CTYP	0.90	0.40	0.05	(0.47)	0.99	(3.63)	2.30	(0.25)	19.19
PCLB	0.90	(0.14)	0.00	3.40	0.00	0.00	1.64	(2.61)	9.01
BSFO	0.23	0.04	0.00	0.45	0.00	0.00	1.03	0.00	4.06
FISB	0.58	0.22	0.05	(3.93)	0.43	(1.16)	1.78	(0.61)	8.81
PBKC	0.30	0.14	0.00	(1.50)	0.00	0.00	1.13	0.00	5.76
LBNW	0.39	0.05	0.00	2.42	0.00	0.00	1.74	(0.79)	6.62

Be your own money manager

Our tools can tell you how much better you can do entering a position in First Reliance 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.

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