First Business Correlations

FBIZ Stock

USD 56.07 0.35 0.62%

The current 90-days correlation between First Business Financial and Home Bancorp is 0.8 (i.e., Very poor diversification). The correlation of First Business 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.

First Business Correlation With Market

Very weak diversification

The correlation between First Business Financial and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Business Financial and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with First Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Business Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with First Stock

0.85	BIRG	Bank of Ireland	Pair Corr
0.85	AX	Axos Financial	Pair Corr
0.98	BY	Byline Bancorp Earnings Call Tomorrow	Pair Corr
0.95	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.92	RF	Regions Financial	Pair Corr
0.72	VABK	Virginia National Earnings Call Tomorrow	Pair Corr
0.82	VBNK	VersaBank	Pair Corr
0.68	SANB	SANTANDER UK 8	Pair Corr
0.63	WBCPK	Westpac Banking	Pair Corr
0.85	EBMT	Eagle Bancorp Montana Earnings Call This Week	Pair Corr
0.61	ECBK	ECB Bancorp	Pair Corr
0.78	EFSC	Enterprise Financial Earnings Call This Week	Pair Corr
0.81	EGBN	Eagle Bancorp Earnings Call Today	Pair Corr
0.87	WABC	Westamerica Bancorporation	Pair Corr
0.91	WAFD	Washington Federal	Pair Corr
0.97	WASH	Washington Trust Bancorp Earnings Call This Week	Pair Corr
0.97	EQBK	Equity Bancshares Earnings Call Today	Pair Corr
0.93	EWBC	East West Bancorp Earnings Call Tomorrow	Pair Corr
0.98	WNEB	Western New England Earnings Call This Week	Pair Corr
0.94	WSBC	WesBanco Earnings Call This Week	Pair Corr
0.93	WSFS	WSFS Financial Earnings Call This Week	Pair Corr
0.86	WTBA	West Bancorporation	Pair Corr
0.9	WTFC	Wintrust Financial	Pair Corr
0.92	FBLA	FB Bancorp Common	Pair Corr
0.86	FBNC	First Bancorp Earnings Call This Week	Pair Corr
0.87	FCAP	First Capital Earnings Call Tomorrow	Pair Corr
0.89	FCBC	First Community Banc	Pair Corr
0.93	FCCO	First Community Earnings Call This Week	Pair Corr
0.62	FDBC	Fidelity DD Bancorp	Pair Corr
0.94	FFBC	First Financial Bancorp Earnings Call This Week	Pair Corr

Moving against First Stock

0.84	601658	Postal Savings Bank	Pair Corr
0.73	BEN	Bendigo and Adelaide	Pair Corr
0.56	601997	Bank of Guiyang	Pair Corr
0.34	FGBI	First Guaranty Bancshares	Pair Corr

Related Correlations Analysis

	HBCP	NFBK	RRBI	CIVB	CBNK	BSVN	FRBA	CWBC	UNTY	PGC
HBCP		0.94	0.97	0.8	0.62	0.54	0.92	0.85	0.94	0.9	HBCP
NFBK	0.94		0.92	0.77	0.72	0.65	0.87	0.82	0.98	0.97	NFBK
RRBI	0.97	0.92		0.83	0.53	0.47	0.88	0.87	0.92	0.86	RRBI
CIVB	0.8	0.77	0.83		0.35	0.34	0.8	0.89	0.79	0.69	CIVB
CBNK	0.62	0.72	0.53	0.35		0.85	0.61	0.4	0.65	0.8	CBNK
BSVN	0.54	0.65	0.47	0.34	0.85		0.57	0.37	0.61	0.74	BSVN
FRBA	0.92	0.87	0.88	0.8	0.61	0.57		0.74	0.85	0.84	FRBA
CWBC	0.85	0.82	0.87	0.89	0.4	0.37	0.74		0.86	0.75	CWBC
UNTY	0.94	0.98	0.92	0.79	0.65	0.61	0.85	0.86		0.93	UNTY
PGC	0.9	0.97	0.86	0.69	0.8	0.74	0.84	0.75	0.93		PGC
	HBCP	NFBK	RRBI	CIVB	CBNK	BSVN	FRBA	CWBC	UNTY	PGC

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Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Business 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 Business' 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
HBCP	1.17	0.11	0.08	0.18	1.28	(1.46)	3.62	(1.95)	9.17
NFBK	1.38	0.03	0.02	0.09	1.72	(1.58)	3.24	(3.20)	7.76
RRBI	1.26	0.15	0.10	0.22	1.31	(1.36)	3.40	(2.35)	6.51
CIVB	1.21	0.09	0.03	0.35	1.26	(1.49)	3.69	(2.13)	7.30
CBNK	0.92	(0.07)	0.00	(0.02)	0.00	0.00	2.67	(2.02)	6.99
BSVN	1.13	(0.10)	0.00	(0.09)	0.00	0.00	2.33	(2.60)	5.06
FRBA	1.12	0.04	0.02	0.11	1.38	(1.26)	3.09	(1.82)	8.53
CWBC	1.02	0.10	0.07	0.17	1.08	(1.20)	2.49	(2.09)	7.93
UNTY	1.37	0.02	0.01	0.09	1.58	(1.60)	3.33	(2.89)	7.52
PGC	1.52	(0.05)	(0.01)	0.02	2.29	(1.66)	3.64	(3.17)	9.84

First Business Corporate Management

Bradley Quade	Executive Officer	Profile
Bill Elliott	LLC Finance	Profile
Daniel Ovokaitys	Chief Officer	Profile
Barbara JD	G Counsel	Profile
Theresa Wiese	Managing Management	Profile

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