First Community Corp (FCCO) — Stock Correlations & Overview
Over the past year, FCCO has moved most closely with IBCP, QABA, SMBK. Explore the stocks most correlated and inversely correlated with FCCO below, along with its price, financials, and company profile.
Stocks correlated with FCCO
Correlation of daily returns. Higher positive values move with FCCO; negative values move opposite it. Informational only, not investment advice.
Most correlated with FCCO
| Symbol | Company | Correlation |
|---|---|---|
| IBCP | Independent Bank Corp.STATE COMMERCIAL BANKS | 0.76 |
| QABA | First Trust NASDAQ ABA Community Bank Index Fund | 0.76 |
| SMBK | SmartFinancial, Inc.NATIONAL COMMERCIAL BANKS | 0.75 |
| CBAN | Colony Bankcorp Inc.STATE COMMERCIAL BANKS | 0.75 |
| ORRF | Orrstown Financial Services IncSTATE COMMERCIAL BANKS | 0.74 |
Most inversely correlated with FCCO
| Symbol | Company | Correlation |
|---|---|---|
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.72 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.53 |
| SKF | ProShares UltraShort Financials | -0.53 |
| SEF | ProShares Short Financials | -0.53 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.48 |
Frequently asked questions about FCCO correlations
- Which stocks are most correlated with FCCO?
- Based on one year of daily returns, the stocks most correlated with First Community Corp (FCCO) are IBCP (0.76), QABA (0.76) and SMBK (0.75). 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 FCCO?
- Over the past year, the stocks most inversely correlated with First Community Corp (FCCO) are SKRE (-0.72), FAZ (-0.53) and SKF (-0.53). 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 FCCO correlations calculated?
- We compute the correlation of daily returns between FCCO 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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