FIRST GUARANTY BANCSHARES INC (FGBI) — Stock Correlations & Overview
Over the past year, FGBI has moved most closely with EBAY, BAX, IART. Explore the stocks most correlated and inversely correlated with FGBI below, along with its price, financials, and company profile.
Stocks correlated with FGBI
Correlation of daily returns. Higher positive values move with FGBI; negative values move opposite it. Informational only, not investment advice.
Most correlated with FGBI
| Symbol | Company | Correlation |
|---|---|---|
| EBAY | eBay IncSERVICES-BUSINESS SERVICES, NEC | 0.35 |
| BAX | Baxter International Inc.SURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.34 |
| IART | Integra LifeSciences HoldingsSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.34 |
| FMC | FMC CorporationCHEMICALS & ALLIED PRODUCTS | 0.34 |
| UPBD | Upbound Group, Inc. Common StockSERVICES-EQUIPMENT RENTAL & LEASING, NEC | 0.33 |
Most inversely correlated with FGBI
| Symbol | Company | Correlation |
|---|---|---|
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.29 |
| EMTY | ProShares Decline of the Retail Store ETF | -0.29 |
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.27 |
| SDD | ProShares UltraShort SmallCap600 | -0.27 |
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.26 |
Frequently asked questions about FGBI correlations
- Which stocks are most correlated with FGBI?
- Based on one year of daily returns, the stocks most correlated with FIRST GUARANTY BANCSHARES INC (FGBI) are EBAY (0.35), BAX (0.34) and IART (0.34). 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 FGBI?
- Over the past year, the stocks most inversely correlated with FIRST GUARANTY BANCSHARES INC (FGBI) are FLYD (-0.29), EMTY (-0.29) and JETD (-0.27). 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 FGBI correlations calculated?
- We compute the correlation of daily returns between FGBI 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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