MidWestOne Financial Correlations

MOFG Stock

USD 29.46 0.50 1.67%

The current 90-days correlation between MidWestOne Financial and Community West Bancshares is 0.76 (i.e., Poor diversification). The correlation of MidWestOne 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.

MidWestOne Financial Correlation With Market

Very weak diversification

The correlation between MidWestOne Financial Group and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MidWestOne Financial Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with MidWestOne Stock

0.76	BY	Byline Bancorp	Pair Corr
0.79	NU	Nu Holdings	Pair Corr
0.74	PB	Prosperity Bancshares	Pair Corr
0.66	TFC-PI	Truist Financial	Pair Corr
0.91	EBTC	Enterprise Bancorp	Pair Corr
0.9	EFSC	Enterprise Financial	Pair Corr
0.88	WASH	Washington Trust Bancorp	Pair Corr
0.81	EQBK	Equity Bancshares,	Pair Corr
0.87	ESSA	ESSA Bancorp	Pair Corr
0.73	WMPN	William Penn Bancorp	Pair Corr
0.64	WNEB	Western New England	Pair Corr

Moving against MidWestOne Stock

0.34	VBFC	Village Bank	Pair Corr
0.32	ECBK	ECB Bancorp	Pair Corr

Related Correlations Analysis

	HFBL	HMNF	HVBC	LSBK	CWBC	FNWB	FFNW	GSBC	FCCO	OVLY
HFBL		0.0	0.0	0.56	-0.15	0.3	-0.13	-0.34	0.16	-0.25	HFBL
HMNF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HMNF
HVBC	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	HVBC
LSBK	0.56	0.0	0.0		-0.24	0.38	0.17	-0.45	0.11	-0.39	LSBK
CWBC	-0.15	0.0	0.0	-0.24		0.25	0.1	0.82	0.66	0.61	CWBC
FNWB	0.3	0.0	0.0	0.38	0.25		0.0	0.29	0.75	0.12	FNWB
FFNW	-0.13	0.0	0.0	0.17	0.1	0.0		0.12	0.0	-0.07	FFNW
GSBC	-0.34	0.0	0.0	-0.45	0.82	0.29	0.12		0.59	0.68	GSBC
FCCO	0.16	0.0	0.0	0.11	0.66	0.75	0.0	0.59		0.45	FCCO
OVLY	-0.25	0.0	0.0	-0.39	0.61	0.12	-0.07	0.68	0.45		OVLY
	HFBL	HMNF	HVBC	LSBK	CWBC	FNWB	FFNW	GSBC	FCCO	OVLY

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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

GSBC	+ 0.82	CWBC
FCCO	+ 0.75	FNWB
OVLY	+ 0.68	GSBC
FCCO	+ 0.66	CWBC
OVLY	+ 0.61	CWBC
FCCO	+ 0.59	GSBC

High negative correlations

GSBC	- 0.45	LSBK
OVLY	- 0.39	LSBK
GSBC	- 0.34	HFBL
OVLY	- 0.25	HFBL
CWBC	- 0.24	LSBK
CWBC	- 0.15	HFBL

Risk-Adjusted Indicators

There is a big difference between MidWestOne Stock performing well and MidWestOne 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 MidWestOne 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
HFBL	1.62	0.12	0.04	0.38	2.08	(2.18)	5.67	(4.53)	13.32
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HVBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LSBK	1.68	0.30	0.13	0.54	1.67	(2.28)	3.62	(3.16)	21.68
CWBC	1.01	(0.17)	0.00	(0.19)	0.00	0.00	2.45	(2.17)	6.01
FNWB	1.17	0.00	0.00	0.00	1.45	(1.39)	2.68	(2.76)	9.99
FFNW	0.97	0.07	0.06	(0.91)	0.98	(1.14)	1.17	(1.77)	16.29
GSBC	1.25	(0.19)	0.00	(0.21)	0.00	0.00	2.41	(3.02)	7.73
FCCO	1.34	(0.19)	0.00	(0.15)	0.00	0.00	3.41	(3.73)	10.26
OVLY	1.50	(0.27)	0.00	(0.34)	0.00	0.00	2.38	(3.77)	11.49

MidWestOne Financial Corporate Management

Heather DeStefano	Senior Innovation	Profile
John Ruppel	Chief Officer	Profile
Joe Haselen	Regional Area	Profile
Charles Reeves	CEO Director	Profile
Elda MBA	Senior Officer	Profile

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