Investar Holding Correlations

ISTR Stock

USD 17.95 0.22 1.24%

The correlation of Investar Holding 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.

Investar Holding Correlation With Market

Very weak diversification

The correlation between Investar Holding Corp and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Investar Holding Corp 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 Investar Holding 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 estimate.

Moving together with Investar Stock

0.85	AX	Axos Financial	Pair Corr
0.67	BY	Byline Bancorp	Pair Corr
0.63	RF	Regions Financial	Pair Corr
0.73	VABK	Virginia National	Pair Corr
0.74	VBNK	VersaBank	Pair Corr
0.85	VBTX	Veritex Holdings	Pair Corr
0.85	EGBN	Eagle Bancorp	Pair Corr
0.63	WABC	Westamerica Bancorporation	Pair Corr
0.92	WAFD	Washington Federal	Pair Corr
0.87	WAFDP	Washington Federal	Pair Corr
0.77	EVBN	Evans Bancorp	Pair Corr

Moving against Investar Stock

0.85	DB	Deutsche Bank AG	Pair Corr
0.83	VBFC	Village Bank	Pair Corr
0.83	TECTP	Tectonic Financial	Pair Corr
0.64	TFC-PO	Truist Financial	Pair Corr
0.59	TFC-PR	Truist Financial	Pair Corr
0.48	WF	Woori Financial Group	Pair Corr
0.48	EBMT	Eagle Bancorp Montana	Pair Corr
0.37	CFG-PE	Citizens Financial	Pair Corr
0.82	WSBCP	WesBanco	Pair Corr
0.76	KEY-PI	KeyCorp	Pair Corr
0.73	BANC-PF	Banc of California	Pair Corr
0.64	KEY-PL	KeyCorp	Pair Corr
0.48	CFG-PH	Citizens Financial Group,	Pair Corr
0.43	KEY-PJ	KeyCorp	Pair Corr
0.35	KEY-PK	KeyCorp	Pair Corr

Related Correlations Analysis

	HVBC	HMNF	MGYR	OFED	CULL	HFBL	CWBC	FNWB	CIZN
HVBC		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HVBC
HMNF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	HMNF
MGYR	0.0	0.0		0.0	0.0	0.27	0.2	0.33	0.0	MGYR
OFED	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	CULL
HFBL	0.0	0.0	0.27	0.0	0.0		-0.25	0.31	0.0	HFBL
CWBC	0.0	0.0	0.2	0.0	0.0	-0.25		0.21	0.0	CWBC
FNWB	0.0	0.0	0.33	0.0	0.0	0.31	0.21		0.0	FNWB
CIZN	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CIZN
	HVBC	HMNF	MGYR	OFED	CULL	HFBL	CWBC	FNWB	CIZN

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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

FNWB	+ 0.33	MGYR
FNWB	+ 0.31	HFBL
HFBL	+ 0.27	MGYR
FNWB	+ 0.21	CWBC
CWBC	+ 0.2	MGYR
HMNF	+ 0.0	HVBC

High negative correlations

CWBC	- 0.25	HFBL
CIZN	- 0.0	FNWB
CIZN	- 0.0	CWBC
CIZN	- 0.0	HFBL
CIZN	- 0.0	CULL
FNWB	- 0.0	CULL

Risk-Adjusted Indicators

There is a big difference between Investar Stock performing well and Investar Holding 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 Investar Holding'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
HVBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MGYR	1.10	0.03	0.04	0.00	1.45	(1.35)	2.98	(2.68)	6.74
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
HFBL	1.61	0.16	0.07	0.48	2.06	(2.10)	5.67	(4.53)	13.32
CWBC	0.99	(0.21)	0.00	(0.33)	0.00	0.00	2.28	(2.17)	6.01
FNWB	1.20	0.00	0.00	(0.07)	0.00	0.00	2.68	(2.76)	9.99
CIZN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Investar Holding Corporate Management

Rachel Cherco	Chief Accounting Officer, Executive VP, Executive VP of Investar Bank and Chief Accounting Officer of Investar Bank	Profile
Randolf Kassmeier	Executive VP, General Counsel, Secretary, Executive VP of Investar Bank, General Counsel of Investar Bank and Secretary of Investar Bank	Profile
Jeffrey Martin	Executive Officer	Profile
Candace LeBlanc	Ex Officer	Profile
Jeffery Blum	Executive Banking	Profile

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