Midland States Correlations

MSBI Stock

USD 17.66 0.44 2.43%

The current 90-days correlation between Midland States Bancorp and MidWestOne Financial Group is 0.21 (i.e., Modest diversification). The correlation of Midland States 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.

Midland States Correlation With Market

Modest diversification

The correlation between Midland States Bancorp and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Midland States Bancorp 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 Midland States 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 bureau of labor statistics.

Moving together with Midland Stock

0.63	AX	Axos Financial	Pair Corr
0.68	EFSI	Eagle Financial Services	Pair Corr
0.82	WAFD	Washington Federal	Pair Corr
0.82	WAFDP	Washington Federal	Pair Corr

Moving against Midland Stock

0.81	TECTP	Tectonic Financial	Pair Corr
0.79	DB	Deutsche Bank AG	Pair Corr
0.75	TFC-PO	Truist Financial	Pair Corr
0.64	TFC-PR	Truist Financial	Pair Corr
0.62	WF	Woori Financial Group	Pair Corr
0.6	EBMT	Eagle Bancorp Montana	Pair Corr
0.58	VBFC	Village Bank	Pair Corr
0.56	CFG-PE	Citizens Financial	Pair Corr
0.49	TFC-PI	Truist Financial	Pair Corr
0.37	NU	Nu Holdings	Pair Corr
0.91	WSBCP	WesBanco	Pair Corr
0.86	BANC-PF	Banc of California	Pair Corr
0.74	KEY-PL	KeyCorp	Pair Corr
0.68	KEY-PI	KeyCorp	Pair Corr
0.61	CFG-PH	Citizens Financial Group,	Pair Corr
0.59	KEY-PJ	KeyCorp	Pair Corr
0.58	KEY-PK	KeyCorp	Pair Corr
0.36	WNEB	Western New England	Pair Corr
0.33	ESSA	ESSA Bancorp	Pair Corr

Related Correlations Analysis

	MOFG	EQBK	FMBH	CNOB	CIVB
MOFG		0.81	0.87	0.84	0.81	MOFG
EQBK	0.81		0.87	0.56	0.93	EQBK
FMBH	0.87	0.87		0.76	0.9	FMBH
CNOB	0.84	0.56	0.76		0.58	CNOB
CIVB	0.81	0.93	0.9	0.58		CIVB
	MOFG	EQBK	FMBH	CNOB	CIVB

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Risk-Adjusted Indicators

There is a big difference between Midland Stock performing well and Midland States 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 Midland States' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
MOFG	1.28	(0.11)	(0.11)	3.06	(2.56)	7.69
EQBK	1.24	(0.18)	(0.16)	2.28	(2.87)	7.52
FMBH	1.17	(0.18)	(0.17)	2.77	(2.73)	6.93
CNOB	1.55	(0.10)	(0.07)	3.12	(3.37)	9.41
CIVB	1.49	(0.21)	(0.22)	2.63	(3.88)	8.37

Midland States Corporate Management

Danny CFA	Senior Banking	Profile
Daniel Casey	Senior Bank	Profile
Timothy Spitz	Senior Banking	Profile
CFA CFA	Senior Banking	Profile

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