International Bancshares Correlations

IBOC Stock

USD 64.85 1.41 2.22%

The correlation of International Bancshares 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.

International Bancshares Correlation With Market

Good diversification

The correlation between International Bancshares and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Bancshares and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For information on how to trade International Stock refer to our How to Trade International Stock guide.

Moving together with International Stock

0.61	AX	Axos Financial	Pair Corr
0.75	BY	Byline Bancorp	Pair Corr
0.77	PB	Prosperity Bancshares	Pair Corr
0.69	RF	Regions Financial Normal Trading	Pair Corr
0.62	VBNK	VersaBank	Pair Corr
0.65	VBTX	Veritex Holdings	Pair Corr
0.78	EBTC	Enterprise Bancorp	Pair Corr
0.69	EFSC	Enterprise Financial	Pair Corr
0.76	WASH	Washington Trust Bancorp	Pair Corr
0.83	EQBK	Equity Bancshares,	Pair Corr
0.67	ESSA	ESSA Bancorp	Pair Corr
0.69	EVBN	Evans Bancorp	Pair Corr
0.78	WMPN	William Penn Bancorp	Pair Corr

Moving against International Stock

0.48

VBFC

Village Bank

Pair Corr

Related Correlations Analysis

	HMNF	HFBL	FFNW	FNWB	FCAP	CWBC	OFED	CULL	HTBI	CFBK
HMNF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HMNF
HFBL	0.0		-0.21	0.31	0.44	-0.23	0.0	0.0	-0.22	-0.21	HFBL
FFNW	0.0	-0.21		0.02	0.07	0.17	0.0	0.0	-0.02	0.12	FFNW
FNWB	0.0	0.31	0.02		0.03	0.22	0.0	0.0	-0.68	0.33	FNWB
FCAP	0.0	0.44	0.07	0.03		-0.57	0.0	0.0	0.17	-0.5	FCAP
CWBC	0.0	-0.23	0.17	0.22	-0.57		0.0	0.0	-0.24	0.86	CWBC
OFED	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	OFED
CULL	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CULL
HTBI	0.0	-0.22	-0.02	-0.68	0.17	-0.24	0.0	0.0		-0.41	HTBI
CFBK	0.0	-0.21	0.12	0.33	-0.5	0.86	0.0	0.0	-0.41		CFBK
	HMNF	HFBL	FFNW	FNWB	FCAP	CWBC	OFED	CULL	HTBI	CFBK

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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

CFBK	+ 0.86	CWBC
FCAP	+ 0.44	HFBL
CFBK	+ 0.33	FNWB
FNWB	+ 0.31	HFBL
CWBC	+ 0.22	FNWB
CWBC	+ 0.17	FFNW

High negative correlations

HTBI	- 0.68	FNWB
CWBC	- 0.57	FCAP
CFBK	- 0.5	FCAP
CFBK	- 0.41	HTBI
HTBI	- 0.24	CWBC
CWBC	- 0.23	HFBL

Risk-Adjusted Indicators

There is a big difference between International Stock performing well and International Bancshares 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 International Bancshares' 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
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HFBL	1.61	0.14	0.06	1.05	2.06	(2.10)	5.67	(4.53)	13.32
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
FCAP	1.23	0.42	0.23	0.89	1.24	(1.38)	3.26	(2.28)	10.37
CWBC	1.03	(0.16)	0.00	(0.22)	0.00	0.00	2.45	(2.17)	6.01
OFED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HTBI	1.24	(0.03)	0.00	0.21	0.00	0.00	2.33	(1.88)	7.22
CFBK	1.67	(0.22)	0.00	(0.43)	0.00	0.00	3.06	(4.08)	13.08

International Bancshares Corporate Management

Jay Rogers	Texas Houston	Profile
Mike Sohn	CEO Antonio	Profile
Ignacio Urrabazo	CEO Laredo	Profile
Hector Cerna	CEO Pass	Profile

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