Bank First Correlations

BFC Stock

USD 100.53 2.70 2.62%

The current 90-days correlation between Bank First National and Norwood Financial Corp is 0.58 (i.e., Very weak diversification). The correlation of Bank First 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.

Bank First Correlation With Market

Very weak diversification

The correlation between Bank First National and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bank First National and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank First National. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Bank Stock

0.77	TFC-PI	Truist Financial	Pair Corr
0.75	EBTC	Enterprise Bancorp	Pair Corr
0.63	EFSC	Enterprise Financial	Pair Corr
0.66	KEY-PJ	KeyCorp	Pair Corr
0.72	KEY-PK	KeyCorp	Pair Corr
0.81	WNEB	Western New England	Pair Corr

Moving against Bank Stock

0.5

EFSI

Eagle Financial Services

Pair Corr

Related Correlations Analysis

	NWFL	CHMG	HFBL	RBKB	FNWD	FFIN	BOKF	AUBN	GSBC
NWFL		0.36	-0.36	-0.55	0.38	0.68	0.68	0.53	0.84	NWFL
CHMG	0.36		0.13	0.14	0.02	0.61	0.33	-0.28	0.44	CHMG
HFBL	-0.36	0.13		0.47	-0.56	0.0	-0.14	-0.59	-0.39	HFBL
RBKB	-0.55	0.14	0.47		-0.23	-0.13	-0.53	-0.75	-0.61	RBKB
FNWD	0.38	0.02	-0.56	-0.23		-0.09	-0.17	0.49	0.24	FNWD
FFIN	0.68	0.61	0.0	-0.13	-0.09		0.79	0.0	0.77	FFIN
BOKF	0.68	0.33	-0.14	-0.53	-0.17	0.79		0.27	0.86	BOKF
AUBN	0.53	-0.28	-0.59	-0.75	0.49	0.0	0.27		0.42	AUBN
GSBC	0.84	0.44	-0.39	-0.61	0.24	0.77	0.86	0.42		GSBC
	NWFL	CHMG	HFBL	RBKB	FNWD	FFIN	BOKF	AUBN	GSBC

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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

GSBC	+ 0.86	BOKF
GSBC	+ 0.84	NWFL
BOKF	+ 0.79	FFIN
GSBC	+ 0.77	FFIN
FFIN	+ 0.68	NWFL
BOKF	+ 0.68	NWFL

High negative correlations

AUBN	- 0.75	RBKB
GSBC	- 0.61	RBKB
AUBN	- 0.59	HFBL
FNWD	- 0.56	HFBL
RBKB	- 0.55	NWFL
BOKF	- 0.53	RBKB

Risk-Adjusted Indicators

There is a big difference between Bank Stock performing well and Bank First 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 Bank First'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
NWFL	1.61	(0.22)	0.00	(0.48)	0.00	0.00	2.45	(2.97)	15.47
CHMG	1.28	(0.15)	0.00	(0.38)	0.00	0.00	1.94	(2.96)	19.34
HFBL	1.61	0.16	0.07	0.48	2.06	(2.10)	5.67	(4.53)	13.32
RBKB	0.49	0.15	0.25	0.39	0.42	(0.58)	1.13	(1.24)	3.12
FNWD	1.05	(0.09)	0.00	(0.46)	0.00	0.00	2.12	(1.97)	8.51
FFIN	1.25	(0.12)	0.00	(0.20)	0.00	0.00	2.37	(2.32)	7.28
BOKF	1.17	(0.12)	0.00	(0.18)	0.00	0.00	1.96	(3.21)	6.40
AUBN	1.57	(0.08)	0.00	0.12	0.00	0.00	4.18	(2.95)	9.06
GSBC	1.25	(0.16)	0.00	(0.26)	0.00	0.00	2.27	(3.02)	7.73

Bank First Corporate Management

Jason Krepline	Chief Officer	Profile
Brenda Haese	Assistant Resources	Profile
Joan Woldt	Ex COO	Profile
Debbie Weyker	Vice Marketing	Profile
Meghann Kasper	Chief Officer	Profile
Kevin LeMahieu	Chief Officer	Profile

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