Financial Institutions Correlations

FISI Stock

USD 26.31 0.94 3.71%

The current 90-days correlation between Financial Institutions and Community West Bancshares is 0.72 (i.e., Poor diversification). The correlation of Financial Institutions 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.

Financial Institutions Correlation With Market

Very weak diversification

The correlation between Financial Institutions and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Financial Institutions and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Financial Institutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more detail on how to invest in Financial Stock please use our How to Invest in Financial Institutions guide.

Moving together with Financial Stock

0.79	BY	Byline Bancorp	Pair Corr
0.62	PB	Prosperity Bancshares	Pair Corr
0.62	VBTX	Veritex Holdings	Pair Corr
0.83	EBTC	Enterprise Bancorp	Pair Corr
0.8	EFSC	Enterprise Financial	Pair Corr
0.63	WASH	Washington Trust Bancorp	Pair Corr
0.74	EQBK	Equity Bancshares,	Pair Corr
0.77	ESSA	ESSA Bancorp	Pair Corr
0.7	EVBN	Evans Bancorp	Pair Corr
0.73	WMPN	William Penn Bancorp	Pair Corr
0.74	WNEB	Western New England	Pair Corr

Moving against Financial Stock

0.4

VBFC

Village Bank

Pair Corr

Related Correlations Analysis

	FCCO	CWBC	FFNW	FNWB	HFBL	NBHC	KRNY	HFWA	HMNF	FCAP
FCCO		0.63	0.05	0.75	0.12	0.62	0.63	0.73	0.0	-0.32	FCCO
CWBC	0.63		0.17	0.22	-0.23	0.75	0.81	0.73	0.0	-0.57	CWBC
FFNW	0.05	0.17		0.02	-0.21	0.04	0.03	0.14	0.0	0.07	FFNW
FNWB	0.75	0.22	0.02		0.31	0.29	0.27	0.48	0.0	0.03	FNWB
HFBL	0.12	-0.23	-0.21	0.31		-0.27	-0.35	0.19	0.0	0.44	HFBL
NBHC	0.62	0.75	0.04	0.29	-0.27		0.82	0.59	0.0	-0.83	NBHC
KRNY	0.63	0.81	0.03	0.27	-0.35	0.82		0.46	0.0	-0.71	KRNY
HFWA	0.73	0.73	0.14	0.48	0.19	0.59	0.46		0.0	-0.3	HFWA
HMNF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	HMNF
FCAP	-0.32	-0.57	0.07	0.03	0.44	-0.83	-0.71	-0.3	0.0		FCAP
	FCCO	CWBC	FFNW	FNWB	HFBL	NBHC	KRNY	HFWA	HMNF	FCAP

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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

KRNY	+ 0.82	NBHC
KRNY	+ 0.81	CWBC
FNWB	+ 0.75	FCCO
NBHC	+ 0.75	CWBC
HFWA	+ 0.73	FCCO
HFWA	+ 0.73	CWBC

High negative correlations

FCAP	- 0.83	NBHC
FCAP	- 0.71	KRNY
FCAP	- 0.57	CWBC
KRNY	- 0.35	HFBL
FCAP	- 0.32	FCCO
FCAP	- 0.3	HFWA

Risk-Adjusted Indicators

There is a big difference between Financial Stock performing well and Financial Institutions 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 Financial Institutions' 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
FCCO	1.34	(0.15)	0.00	(0.17)	0.00	0.00	3.41	(3.73)	10.26
CWBC	1.03	(0.16)	0.00	(0.22)	0.00	0.00	2.45	(2.17)	6.01
FFNW	0.98	0.05	0.08	(11.71)	1.01	(1.14)	1.17	(1.77)	16.29
FNWB	1.20	(0.01)	0.00	(0.05)	0.00	0.00	2.68	(2.76)	9.99
HFBL	1.61	0.14	0.06	1.05	2.06	(2.10)	5.67	(4.53)	13.32
NBHC	1.15	(0.20)	0.00	(0.24)	0.00	0.00	2.03	(3.03)	6.80
KRNY	1.63	(0.34)	0.00	1.71	0.00	0.00	3.01	(3.65)	9.59
HFWA	1.21	(0.08)	0.00	(0.13)	0.00	0.00	2.33	(3.27)	8.15
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FCAP	1.23	0.42	0.23	0.89	1.24	(1.38)	3.26	(2.28)	10.37

Financial Institutions Corporate Management

Sandra Byers	Controller VP	Profile
William II	CFO VP	Profile
Reid Whiting	Chief Officer	Profile
Shelly Doran	IR Contact Officer	Profile
Kate Croft	Director Relations	Profile

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