First Busey Correlations

BUSE Stock

USD 27.55 0.24 0.88%

The current 90-days correlation between First Busey Corp and HMN Financial is 0.01 (i.e., Significant diversification). The correlation of First Busey 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.

First Busey Correlation With Market

Poor diversification

The correlation between First Busey Corp and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Busey Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in First Busey 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 state.

Moving together with First Stock

0.67	AX	Axos Financial	Pair Corr
0.67	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.61	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.87	WAFD	Washington Federal	Pair Corr

Moving against First Stock

0.41	CFG-PH	Citizens Financial Group,	Pair Corr
0.63	WAFDP	Washington Federal	Pair Corr
0.55	TFINP	Triumph Financial	Pair Corr

Related Correlations Analysis

	HMNF	HFBL	FFNW	FNWB	FCAP	QCRH	COFS	SMBK	CWBC	GSBC
HMNF		-0.15	0.05	0.18	-0.09	0.63	0.57	0.57	0.29	0.39	HMNF
HFBL	-0.15		-0.06	0.02	0.12	0.09	0.08	0.06	-0.03	0.11	HFBL
FFNW	0.05	-0.06		0.29	-0.02	-0.2	-0.27	-0.25	-0.16	-0.18	FFNW
FNWB	0.18	0.02	0.29		-0.61	0.06	-0.01	-0.08	0.57	0.15	FNWB
FCAP	-0.09	0.12	-0.02	-0.61		-0.01	0.06	0.08	-0.62	-0.15	FCAP
QCRH	0.63	0.09	-0.2	0.06	-0.01		0.94	0.96	0.51	0.9	QCRH
COFS	0.57	0.08	-0.27	-0.01	0.06	0.94		0.97	0.5	0.85	COFS
SMBK	0.57	0.06	-0.25	-0.08	0.08	0.96	0.97		0.43	0.85	SMBK
CWBC	0.29	-0.03	-0.16	0.57	-0.62	0.51	0.5	0.43		0.69	CWBC
GSBC	0.39	0.11	-0.18	0.15	-0.15	0.9	0.85	0.85	0.69		GSBC
	HMNF	HFBL	FFNW	FNWB	FCAP	QCRH	COFS	SMBK	CWBC	GSBC

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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

SMBK	+ 0.97	COFS
SMBK	+ 0.96	QCRH
COFS	+ 0.94	QCRH
GSBC	+ 0.9	QCRH
GSBC	+ 0.85	COFS
GSBC	+ 0.85	SMBK

High negative correlations

CWBC	- 0.62	FCAP
FCAP	- 0.61	FNWB
COFS	- 0.27	FFNW
SMBK	- 0.25	FFNW
QCRH	- 0.2	FFNW
GSBC	- 0.18	FFNW

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Busey 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 First Busey'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
HMNF	1.88	0.38	0.12	3.66	1.85	(2.37)	4.29	(3.19)	13.15
HFBL	1.56	(0.16)	0.00	(0.27)	0.00	0.00	3.75	(4.31)	17.43
FFNW	0.62	(0.02)	(0.13)	0.04	0.76	(0.69)	1.65	(1.13)	4.32
FNWB	1.61	0.08	0.03	0.24	1.69	(1.84)	4.11	(2.82)	14.21
FCAP	1.73	0.06	(0.02)	0.46	1.88	(2.37)	6.22	(3.53)	14.42
QCRH	1.37	0.07	0.12	0.15	1.20	(1.50)	3.50	(2.69)	16.24
COFS	1.29	0.20	0.22	0.27	0.78	(1.80)	3.30	(2.01)	11.09
SMBK	1.36	0.22	0.21	0.26	1.01	(1.62)	3.42	(2.04)	13.86
CWBC	1.02	0.01	0.03	0.13	1.10	(1.11)	2.53	(2.16)	9.14
GSBC	1.53	(0.14)	0.00	0.06	1.83	(1.66)	3.41	(3.32)	19.09

First Busey Corporate Management

John Powers	Executive VP and General Counsel	Profile
Tate McKay	Vice Relations	Profile
Mary Lakey	Co Sec	Profile
Monica Bowe	Executive Officer	Profile
Ted Rosinus	Exec Devel	Profile
Van CFA	Pres Chairman	Profile

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