First American Correlations

Stocks USA . 
Stock . First American
FAF Stock  USD 63.96  2.04  3.09%   
The current 90-days correlation between First American and Fidelity National Financial is 0.88 (i.e., Very poor diversification). The correlation of First American 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 American Correlation With Market

Weak diversification

The correlation between First American and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First American and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with First Stock
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First American. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For more detail on how to invest in First Stock please use our How to Invest in First American guide.

Moving together with First Stock

  0.79ESNT Essent GroupPairCorr
  0.85ACT Enact HoldingsPairCorr
  0.95FNF Fidelity NationalPairCorr
  0.77MBI MBIA IncPairCorr
  0.76MTG MGIC Investment CorpPairCorr
  0.83HIPO Hippo HoldingsPairCorr
  0.76ITIC Investors TitlePairCorr
  0.66C Citigroup Aggressive PushPairCorr
  0.83L Loews CorpPairCorr
  0.68AX Axos FinancialPairCorr
  0.69BK Bank of New YorkPairCorr
  0.67CG Carlyle GroupPairCorr
  0.61CM Canadian Imperial BankPairCorr
  0.81DB Deutsche Bank AGPairCorr
  0.78FG FG Annuities LifePairCorr
  0.76GL Globe LifePairCorr
  0.73GS Goldman Sachs GroupPairCorr

Moving against First Stock

  0.76RYAN Ryan Specialty GroupPairCorr
  0.66EIG Employers HoldingsPairCorr
  0.38AXS AXIS Capital HoldingsPairCorr
  0.33AGO Assured GuarantyPairCorr
  0.73AC Associated CapitalPairCorr
  0.51V Visa Class APairCorr
  0.51CB ChubbPairCorr
  0.43LX Lexinfintech HoldingsPairCorr

Related Correlations Analysis


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

STC
+ 0.94
FNF
AFG
+ 0.77
FNF
AFG
+ 0.75
STC
AFG
+ 0.75
ORI
ORI
+ 0.7
STC
ORI
+ 0.65
FNF
  

High negative correlations

RGA
- 0.51
FNF
RGA
- 0.48
STC
RGA
- 0.3
AFG

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First American 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 American'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.

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