First National Correlations

FXNC Stock

USD 23.77 0.28 1.16%

The current 90-days correlation between First National Corp and Lake Shore Bancorp is -0.11 (i.e., Good diversification). The correlation of First National 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 National Correlation With Market

Good diversification

The correlation between First National Corp and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First National Corp 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 First National Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with First Stock

0.87	AX	Axos Financial	Pair Corr
0.89	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.84	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.77	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.76	VBFC	Village Bank	Pair Corr
0.88	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.82	TECTP	Tectonic Financial	Pair Corr
0.61	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.87	EBTC	Enterprise Bancorp	Pair Corr
0.73	ECBK	ECB Bancorp	Pair Corr
0.9	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.91	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.86	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.62	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.9	BANC-PF	Banc of California	Pair Corr
0.81	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.78	ESSA	ESSA Bancorp	Pair Corr
0.93	EVBN	Evans Bancorp	Pair Corr
0.86	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.91	WSBCP	WesBanco	Pair Corr
0.66	WMPN	William Penn Bancorp	Pair Corr
0.86	WNEB	Western New England Fiscal Year End 28th of January 2025	Pair Corr

Moving against First Stock

0.87	CFG-PE	Citizens Financial	Pair Corr
0.81	TFC-PR	Truist Financial	Pair Corr
0.78	TFC-PO	Truist Financial	Pair Corr
0.65	WF	Woori Financial Group	Pair Corr
0.47	NU	Nu Holdings Sell-off Trend	Pair Corr
0.44	KEY-PI	KeyCorp	Pair Corr
0.84	WAFDP	Washington Federal	Pair Corr
0.74	FRCIL	First Republic Bank	Pair Corr
0.71	SBNYL	Signature Bank	Pair Corr
0.63	FRCHL	First Republic Bank	Pair Corr
0.62	FRCCL	First Republic Bank	Pair Corr
0.62	FRCML	First Republic Bank	Pair Corr
0.61	FRCKL	First Republic Bank	Pair Corr
0.57	FRCLL	First Republic Bank	Pair Corr

Related Correlations Analysis

	HFBL	LSBK	HMNF	OVLY	CULL	HVBC	CWBC	OFED	MGYR	FFNW
HFBL		-0.14	0.12	-0.1	-0.14	0.24	-0.05	0.0	0.2	-0.31	HFBL
LSBK	-0.14		0.49	0.34	-0.28	0.03	0.29	-0.33	0.31	-0.17	LSBK
HMNF	0.12	0.49		0.31	-0.5	0.4	0.26	-0.34	0.57	-0.58	HMNF
OVLY	-0.1	0.34	0.31		-0.21	0.0	0.95	-0.88	0.68	-0.18	OVLY
CULL	-0.14	-0.28	-0.5	-0.21		-0.54	-0.12	0.36	-0.41	0.39	CULL
HVBC	0.24	0.03	0.4	0.0	-0.54		-0.11	-0.25	0.29	-0.52	HVBC
CWBC	-0.05	0.29	0.26	0.95	-0.12	-0.11		-0.87	0.71	-0.18	CWBC
OFED	0.0	-0.33	-0.34	-0.88	0.36	-0.25	-0.87		-0.74	0.44	OFED
MGYR	0.2	0.31	0.57	0.68	-0.41	0.29	0.71	-0.74		-0.61	MGYR
FFNW	-0.31	-0.17	-0.58	-0.18	0.39	-0.52	-0.18	0.44	-0.61		FFNW
	HFBL	LSBK	HMNF	OVLY	CULL	HVBC	CWBC	OFED	MGYR	FFNW

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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

CWBC	+ 0.95	OVLY
MGYR	+ 0.71	CWBC
MGYR	+ 0.68	OVLY
MGYR	+ 0.57	HMNF
HMNF	+ 0.49	LSBK
FFNW	+ 0.44	OFED

High negative correlations

OFED	- 0.88	OVLY
OFED	- 0.87	CWBC
MGYR	- 0.74	OFED
FFNW	- 0.61	MGYR
FFNW	- 0.58	HMNF
HVBC	- 0.54	CULL

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First National 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 National'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
HFBL	1.64	0.10	0.01	(0.51)	2.39	(2.46)	4.70	(4.49)	17.43
LSBK	1.29	0.10	0.02	(0.42)	1.62	(1.87)	3.69	(3.49)	11.07
HMNF	1.88	0.40	0.15	(8.42)	1.85	(2.37)	4.29	(3.19)	13.15
OVLY	1.58	0.17	0.06	0.50	2.06	(1.82)	4.38	(2.48)	14.90
CULL	0.51	(0.12)	0.00	(2.45)	0.00	0.00	1.18	(1.64)	4.73
HVBC	1.51	0.33	0.10	1.29	2.03	(1.59)	2.68	(4.11)	18.63
CWBC	1.00	0.02	(0.01)	0.13	1.26	(1.11)	2.53	(2.16)	11.26
OFED	2.13	(0.22)	0.00	0.56	0.00	0.00	3.48	(5.28)	12.66
MGYR	0.98	0.26	0.17	5.52	0.85	(1.25)	2.61	(2.00)	10.51
FFNW	0.69	(0.04)	0.00	(0.23)	0.00	0.00	1.68	(1.20)	4.32

First National Corporate Management

Bruce Thomas	Interim Officer	Profile
Gerald Smith	Independent Secretary	Profile
Matt Paciocco	Senior Richmond	Profile
Paul Martin	Waynesboro, Staunton	Profile

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