Primis Financial Correlations

FRST Stock

USD 12.50 0.09 0.71%

The current 90-days correlation between Primis Financial Corp and Affinity Bancshares is -0.24 (i.e., Very good diversification). The correlation of Primis Financial 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Primis Financial Correlation With Market

Poor diversification

The correlation between Primis Financial Corp and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Primis Financial Corp 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 Primis Financial Corp. 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.

Moving together with Primis Stock

0.71	AX	Axos Financial	Pair Corr
0.69	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.67	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.68	RF	Regions Financial Sell-off Trend	Pair Corr
0.67	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.71	EBTC	Enterprise Bancorp	Pair Corr
0.71	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.66	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.7	WAFD	Washington Federal	Pair Corr
0.71	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.67	ESSA	ESSA Bancorp	Pair Corr

Related Correlations Analysis

	AFBI	OFED	HMNF	HFBL	HVBC	CWBC	CULL	ISTR	FBIZ	OPOF
AFBI		0.09	0.1	-0.11	0.26	0.2	-0.17	0.07	0.13	-0.08	AFBI
OFED	0.09		-0.34	-0.27	-0.25	0.09	0.36	-0.79	-0.47	-0.82	OFED
HMNF	0.1	-0.34		-0.16	0.4	0.44	-0.5	0.62	0.58	0.41	HMNF
HFBL	-0.11	-0.27	-0.16		0.08	-0.04	0.09	0.14	0.13	0.2	HFBL
HVBC	0.26	-0.25	0.4	0.08		0.29	-0.54	0.42	0.44	0.41	HVBC
CWBC	0.2	0.09	0.44	-0.04	0.29		-0.31	0.46	0.74	0.3	CWBC
CULL	-0.17	0.36	-0.5	0.09	-0.54	-0.31		-0.47	-0.37	-0.48	CULL
ISTR	0.07	-0.79	0.62	0.14	0.42	0.46	-0.47		0.88	0.88	ISTR
FBIZ	0.13	-0.47	0.58	0.13	0.44	0.74	-0.37	0.88		0.71	FBIZ
OPOF	-0.08	-0.82	0.41	0.2	0.41	0.3	-0.48	0.88	0.71		OPOF
	AFBI	OFED	HMNF	HFBL	HVBC	CWBC	CULL	ISTR	FBIZ	OPOF

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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

FBIZ	+ 0.88	ISTR
OPOF	+ 0.88	ISTR
FBIZ	+ 0.74	CWBC
OPOF	+ 0.71	FBIZ
ISTR	+ 0.62	HMNF
FBIZ	+ 0.58	HMNF

High negative correlations

OPOF	- 0.82	OFED
ISTR	- 0.79	OFED
CULL	- 0.54	HVBC
CULL	- 0.5	HMNF
OPOF	- 0.48	CULL
ISTR	- 0.47	CULL

Risk-Adjusted Indicators

There is a big difference between Primis Stock performing well and Primis Financial 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 Primis Financial'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
AFBI	0.33	0.02	(0.19)	(0.02)	0.46	(0.43)	0.79	(0.65)	4.44
OFED	2.13	(0.20)	0.00	0.69	0.00	0.00	3.48	(5.28)	12.66
HMNF	1.88	0.36	0.12	1.37	1.85	(2.37)	4.29	(3.19)	13.15
HFBL	1.56	(0.16)	0.00	(0.27)	0.00	0.00	3.75	(4.31)	17.43
HVBC	1.51	0.33	0.08	2.99	2.03	(1.59)	2.68	(4.11)	18.63
CWBC	1.03	0.00	0.02	0.11	1.12	(1.11)	2.53	(2.16)	9.14
CULL	0.51	(0.12)	0.00	39.32	0.00	0.00	1.18	(1.64)	4.73
ISTR	1.46	0.22	0.19	0.24	1.11	(1.66)	3.41	(2.50)	17.09
FBIZ	1.68	(0.04)	0.05	0.10	1.84	(1.91)	3.90	(3.58)	16.67
OPOF	1.23	0.13	0.03	0.45	1.51	(1.38)	3.20	(2.21)	6.43

Primis Financial Corporate Management

Robyn Reid	Treasurer VP	Profile
Cheryl Wood	Chief VP	Profile
Clinton CFA	CEO CoFounder	Profile
AnneStanton Gore	Executive Officer	Profile
Marie Leibson	Executive Officer	Profile
AnnStanton Gore	Executive Officer	Profile
Douglas Taylor	Chief Officer	Profile

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