First BanCorp. (FBP) — Stock Correlations & Overview
Over the past year, FBP has moved most closely with BPOP, DPST, KRE. Explore the stocks most correlated and inversely correlated with FBP below, along with its price, financials, and company profile.
Stocks correlated with FBP
Correlation of daily returns. Higher positive values move with FBP; negative values move opposite it. Informational only, not investment advice.
Most correlated with FBP
| Symbol | Company | Correlation |
|---|---|---|
| BPOP | Popular IncSTATE COMMERCIAL BANKS | 0.85 |
| DPST | Direxion Daily Regional Banks Bull 3X ETF | 0.83 |
| KRE | State Street SPDR S&P Regional Banking ETF | 0.83 |
| KBE | State Street SPDR S&P Bank ETF | 0.82 |
| QABA | First Trust NASDAQ ABA Community Bank Index Fund | 0.80 |
Most inversely correlated with FBP
| Symbol | Company | Correlation |
|---|---|---|
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.83 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.58 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.54 |
| SEF | ProShares Short Financials | -0.54 |
| SKF | ProShares UltraShort Financials | -0.53 |
Frequently asked questions about FBP correlations
- Which stocks are most correlated with FBP?
- Based on one year of daily returns, the stocks most correlated with First BanCorp. (FBP) are BPOP (0.85), DPST (0.83) and KRE (0.83). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with FBP?
- Over the past year, the stocks most inversely correlated with First BanCorp. (FBP) are SKRE (-0.83), BNKD (-0.58) and FAZ (-0.54). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these FBP correlations calculated?
- We compute the correlation of daily returns between FBP and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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