IF Bancorp Correlations

Stocks . USA . 
Stock . IF Bancorp
IROQ Stock  USD 22.82  0.01  0.04%   
The current 90-days correlation between IF Bancorp and Oconee Federal Financial is 0.1 (i.e., Average diversification). The correlation of IF Bancorp 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.

IF Bancorp Correlation With Market

Significant diversification

The correlation between IF Bancorp and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IF Bancorp 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 IF Bancorp. 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.
To learn how to invest in IROQ Stock, please use our How to Invest in IF Bancorp guide.

Moving together with IROQ Stock

  0.66AX Axos FinancialPairCorr
  0.68BY Byline Bancorp Fiscal Year End 23rd of January 2025 PairCorr
  0.68PB Prosperity Bancshares Fiscal Year End 22nd of January 2025 PairCorr
  0.7RF Regions Financial Fiscal Year End 17th of January 2025 PairCorr
  0.63VBFC Village BankPairCorr
  0.71VBNK VersaBankPairCorr
  0.77VBTX Veritex Holdings Fiscal Year End 28th of January 2025 PairCorr
  0.72TECTP Tectonic FinancialPairCorr
  0.77EBMT Eagle Bancorp Montana Fiscal Year End 28th of January 2025 PairCorr
  0.78EBTC Enterprise BancorpPairCorr
  0.76ECBK ECB BancorpPairCorr
  0.72EFSC Enterprise Financial Fiscal Year End 27th of January 2025 PairCorr
  0.8EGBN Eagle Bancorp Fiscal Year End 22nd of January 2025 PairCorr
  0.71KEY-PL KeyCorpPairCorr
  0.68WABC Westamerica Bancorporation Fiscal Year End 16th of January 2025 PairCorr
  0.61WASH Washington Trust Bancorp Fiscal Year End 22nd of January 2025 PairCorr
  0.62BANC-PF Banc of CaliforniaPairCorr
  0.72EQBK Equity Bancshares, Fiscal Year End 22nd of January 2025 PairCorr
  0.67ESSA ESSA BancorpPairCorr
  0.75EVBN Evans BancorpPairCorr
  0.84WSBCP WesBancoPairCorr
  0.71WMPN William Penn BancorpPairCorr
  0.76WNEB Western New England Fiscal Year End 28th of January 2025 PairCorr

Moving against IROQ Stock

  0.87TFC-PO Truist FinancialPairCorr
  0.86TFC-PR Truist FinancialPairCorr
  0.85CFG-PE Citizens FinancialPairCorr
  0.57WF Woori Financial GroupPairCorr
  0.54NU Nu HoldingsPairCorr
  0.69FRCIL First Republic BankPairCorr
  0.66FRCHL First Republic BankPairCorr
  0.65FRCCL First Republic BankPairCorr
  0.65FRCKL First Republic BankPairCorr
  0.65FRCML First Republic BankPairCorr
  0.62FRCLL First Republic BankPairCorr
  0.53WAFDP Washington FederalPairCorr
  0.47KEY-PI KeyCorpPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
OVLY
+ 0.88
CNOBP
OVLY
+ 0.85
HBCP
OFED
+ 0.73
CRZBY
CNOBP
+ 0.7
HBCP
HMNF
+ 0.58
CNOBP
LSBK
+ 0.55
HMNF
  
High negative correlations   
OFED
- 0.92
HBCP
OVLY
- 0.9
CRZBY
CNOBP
- 0.83
CRZBY
OVLY
- 0.82
OFED
CRZBY
- 0.76
HBCP
CNOBP
- 0.69
OFED

Risk-Adjusted Indicators

There is a big difference between IROQ Stock performing well and IF Bancorp 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 IF Bancorp'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
HBCP  1.54  0.04  0.03  0.04  1.97 
(1.78)
 3.35 
(3.12)
 10.26 
CRZBY  1.33 (0.10) 0.00  0.26  0.00 
 0.00 
 2.74 
(2.45)
 11.49 
OFED  2.13 (0.24) 0.00  8.09  0.00 
 0.00 
 3.48 
(5.28)
 12.66 
CNOBP  0.70  0.11  0.09  0.28  0.81 
(0.84)
 1.75 
(1.61)
 5.84 
CULL  0.51 (0.12) 0.00 (0.61) 0.00 
 0.00 
 1.18 
(1.64)
 4.73 
HMNF  1.88  0.38  0.16  0.59  1.85 
(2.37)
 4.29 
(3.19)
 13.15 
HFBL  1.69  0.03  0.01  0.08  2.48 
(2.58)
 4.70 
(4.49)
 17.43 
HVBC  1.51  0.33  0.11  0.73  2.03 
(1.59)
 2.68 
(4.11)
 18.63 
LSBK  1.25  0.06  0.02  0.52  1.67 
(1.80)
 3.69 
(3.49)
 8.64 
OVLY  1.53  0.20  0.12  0.56  1.38 
(2.02)
 4.78 
(2.14)
 11.90 

IF Bancorp Corporate Executives

Elected by the shareholders, the IF Bancorp's board of directors comprises two types of representatives: IF Bancorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of IROQ. The board's role is to monitor IF Bancorp's management team and ensure that shareholders' interests are well served. IF Bancorp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, IF Bancorp's outside directors are responsible for providing unbiased perspectives on the board's policies.
Linda HamiltonCOO, Executive VP, COO of Iroquois Federal and Executive VP of Iroquois FederalProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY