Simmons First Correlations

SFNC Stock

USD 24.42 0.08 0.33%

The current 90-days correlation between Simmons First National and Renasant is 0.88 (i.e., Very poor diversification). The correlation of Simmons First 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.

Simmons First Correlation With Market

Poor diversification

The correlation between Simmons First National and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simmons First National and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Simmons First National. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Simmons Stock

0.85	AX	Axos Financial	Pair Corr
0.83	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.74	KB	KB Financial Group	Pair Corr
0.85	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.91	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.7	VBFC	Village Bank	Pair Corr
0.93	VBNK	VersaBank Earnings Call This Week	Pair Corr
0.96	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.85	TECTP	Tectonic Financial	Pair Corr
0.94	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.91	EBTC	Enterprise Bancorp	Pair Corr
0.84	ECBK	ECB Bancorp	Pair Corr
0.7	CFG-PH	Citizens Financial Group,	Pair Corr
0.9	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.96	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.73	KEY-PJ	KeyCorp	Pair Corr
0.78	KEY-PK	KeyCorp	Pair Corr
0.8	KEY-PL	KeyCorp	Pair Corr
0.89	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.95	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.94	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.88	ESSA	ESSA Bancorp	Pair Corr
0.89	EVBN	Evans Bancorp	Pair Corr
0.87	WSBCP	WesBanco	Pair Corr

Moving against Simmons Stock

0.64	TFC-PO	Truist Financial	Pair Corr
0.62	CFG-PE	Citizens Financial	Pair Corr
0.59	TFC-PR	Truist Financial	Pair Corr
0.32	WF	Woori Financial Group	Pair Corr
0.65	FRCIL	First Republic Bank	Pair Corr
0.63	WBBW	Westbury Bancorp	Pair Corr
0.56	FRCCL	First Republic Bank	Pair Corr
0.56	FRCHL	First Republic Bank	Pair Corr

Related Correlations Analysis

	RNST	SASR	HOMB	SBSI	STBA
RNST		0.96	0.96	0.88	0.57	RNST
SASR	0.96		0.96	0.85	0.53	SASR
HOMB	0.96	0.96		0.85	0.65	HOMB
SBSI	0.88	0.85	0.85		0.77	SBSI
STBA	0.57	0.53	0.65	0.77		STBA
	RNST	SASR	HOMB	SBSI	STBA

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Risk-Adjusted Indicators

There is a big difference between Simmons Stock performing well and Simmons First 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 Simmons First'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
RNST	1.57	(0.09)	0.00	0.05	1.55	(1.97)	3.62	(3.14)	15.74
SASR	1.58	0.09	0.14	0.14	1.36	(1.89)	2.83	(2.54)	18.48
HOMB	1.31	0.00	0.06	0.10	1.20	(1.58)	2.96	(1.72)	16.84
SBSI	1.41	(0.18)	(0.04)	0.02	1.52	(1.84)	2.82	(2.54)	18.60
STBA	1.47	(0.21)	(0.06)	0.00	1.61	(1.82)	2.82	(2.36)	18.80

Simmons First Corporate Executives

Elected by the shareholders, the Simmons First's board of directors comprises two types of representatives: Simmons First inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Simmons. The board's role is to monitor Simmons First's management team and ensure that shareholders' interests are well served. Simmons First'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, Simmons First's outside directors are responsible for providing unbiased perspectives on the board's policies.

Robert Fehlman

CFO, Sr. Executive VP and Treasurer

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