First Resource Correlations

FRSB Stock

USD 20.77 0.02 0.1%

Current 90-days correlation between First Resource Bank and Merchants Marine Bancorp is -0.06 (i.e., Good diversification).The statistical correlation between First Resource and related instruments captures the linear component of their co-movement; nonlinear tail dependence may require additional analysis.

Correlation to Market: First Resource

Weak diversification

Across the chosen horizon, FRSB and DJI show a correlation of 0.33 and fall into the Weak diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

The correlation view summarizes how First Resource aligns with comparable exposures. In jurisdictions with wash sale rules, substantially identical replacements can be restricted; this view is informational only.

Moving together with First OTC Stock

0.76	CIHHF	China Merchants Bank	Pair Corr
0.89	BBDC4	Banco Bradesco SA	Pair Corr
0.87	BBAS3	Banco do Brasil	Pair Corr
0.82	MFG	Mizuho Financial	Pair Corr
0.91	ITUB	Itau Unibanco Banco	Pair Corr
0.92	USB-PH	US Bancorp	Pair Corr
0.76	SLF	Sun Life Financial	Pair Corr
0.91	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.81	VZ	Verizon Communications	Pair Corr
0.91	JNJ	Johnson Johnson	Pair Corr
0.66	HD	Home Depot	Pair Corr
0.93	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.85	PG	Procter Gamble	Pair Corr
0.89	KO	Coca Cola Aggressive Push	Pair Corr
0.92	CAT	Caterpillar	Pair Corr
0.88	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.71	MCD	McDonalds	Pair Corr

Moving against First OTC Stock

0.66	HDB	HDFC Bank Limited	Pair Corr
0.51	CIHKY	China Merchants Bank	Pair Corr
0.45	HNRC	Houston Natural Resources	Pair Corr
0.9	MSFT	Microsoft	Pair Corr
0.87	HPQ	HP Inc Sell-off Trend	Pair Corr
0.73	AXP	American Express	Pair Corr
0.7	DIS	Walt Disney Sell-off Trend	Pair Corr
0.64	IBM	International Business	Pair Corr

Related Correlations Analysis

	MNMB	CCBC	GSBX	SVBT	RWCB	MVLY	PGNN	BSFO	HBSI	BSPA
MNMB		0.47	0.62	0.54	0.53	0.22	0.42	0.69	0.21	0.6	MNMB
CCBC	0.47		0.85	0.74	0.52	0.32	0.62	0.8	0.17	0.76	CCBC
GSBX	0.62	0.85		0.75	0.69	0.43	0.6	0.92	0.16	0.85	GSBX
SVBT	0.54	0.74	0.75		0.25	0.03	0.33	0.82	-0.01	0.61	SVBT
RWCB	0.53	0.52	0.69	0.25		0.39	0.41	0.59	0.32	0.52	RWCB
MVLY	0.22	0.32	0.43	0.03	0.39		0.52	0.36	0.3	0.65	MVLY
PGNN	0.42	0.62	0.6	0.33	0.41	0.52		0.51	0.14	0.65	PGNN
BSFO	0.69	0.8	0.92	0.82	0.59	0.36	0.51		0.07	0.83	BSFO
HBSI	0.21	0.17	0.16	-0.01	0.32	0.3	0.14	0.07		0.25	HBSI
BSPA	0.6	0.76	0.85	0.61	0.52	0.65	0.65	0.83	0.25		BSPA
	MNMB	CCBC	GSBX	SVBT	RWCB	MVLY	PGNN	BSFO	HBSI	BSPA

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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

BSFO	+ 0.92	GSBX
GSBX	+ 0.85	CCBC
BSPA	+ 0.85	GSBX
BSPA	+ 0.83	BSFO
BSFO	+ 0.82	SVBT
BSFO	+ 0.8	CCBC

High negative correlations

HBSI

- 0.01

SVBT

Risk-Adjusted Indicators

There is a big difference between First OTC Stock performing well and First Resource OTC Stock 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 Resource'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
MNMB	0.66	-0.02	0.00	0.23	0.00	0.00	1.51	-2.04	6.11
CCBC	0.45	0.14	0.00	-12.51	0.00	0.00	2.16	0.00	7.11
GSBX	0.20	0.09	0.00	3.29	0.00	0.00	0.77	0.00	1.71
SVBT	0.62	0.24	0.27	0.71	0.00	-1.42	2.90	-1.05	6.00
RWCB	0.23	0.01	0.05	-0.13	0.51	-0.49	0.65	-0.47	3.84
MVLY	0.55	0.03	0.00	0.52	0.00	0.00	0.83	0.00	17.19
PGNN	0.32	0.01	0.05	0.05	0.47	-1.08	1.38	-0.80	5.31
BSFO	1.19	0.24	0.09	-0.35	1.24	-3.29	4.49	-2.60	15.38
HBSI	0.74	0.07	0.03	0.06	1.27	-3.10	3.49	-2.20	12.43
BSPA	0.35	0.18	0.00	2.36	0.00	0.00	1.26	0.00	5.26

Be your own money manager

Optimization tools can help investors judge whether capital allocated to First Resource Bank is being used efficiently relative to other opportunities in the same equity universe. This is most useful when investors want to improve risk-adjusted return instead of simply owning more ideas at once.

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First Resource Corporate Management

Governance review matters for First Resource Bank because boards and executives shape oversight, strategic discipline, and how shareholder interests are represented. This becomes more valuable when investors want to compare oversight quality across firms that may otherwise look financially similar.

Brian Jackson	VP Officer	Profile
Kenneth Kramer	Ex Officer	Profile
Fran Forte	SBA Lending	Profile
Natalie Carrozza	Ex COO	Profile
Dean Wesley	VP Lending	Profile
Katie Martin	VP Director	Profile
Glenn Marshall	CEO Cofounder	Profile

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