First Business Correlations

FBIZ Stock

USD 56.84 1.90 3.23%

The current 90-days correlation between First Business Financial and Home Bancorp is 0.81 (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

Poor diversification

The correlation between First Business Financial and DJI is 0.78 (i.e., Poor 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

0.83	BIRG	Bank of Ireland	Pair Corr
0.63	WBCPM	Westpac Banking	Pair Corr
0.76	NPB	Northpointe Bancshares	Pair Corr
0.65	BOQPG	Bank of Queensland	Pair Corr
0.71	601187	Xiamen Bank	Pair Corr
0.92	MSBI	Midland States Bancorp	Pair Corr
0.7	MBLPD	Macquarie Bank	Pair Corr
0.82	VBNK	VersaBank	Pair Corr
0.89	LB	Laurentian Bank	Pair Corr
0.76	BFL	BSP Financial Group	Pair Corr
0.97	SMBK	SmartFinancial Normal Trading	Pair Corr
0.62	AEM	Agnico Eagle Mines	Pair Corr
0.8	AIZ	Assurant	Pair Corr
0.88	AAL	American Airlines Earnings Call This Week	Pair Corr
0.66	MGDDY	Compagnie Generale des	Pair Corr
0.8	FIVE	Five Below	Pair Corr
0.68	ZYME	Zymeworks Common Stock	Pair Corr
0.82	FCAP	First Capital	Pair Corr
0.89	KEYS	Keysight Technologies	Pair Corr
0.74	ABEV	Ambev SA ADR Aggressive Push	Pair Corr
0.66	IDYA	Ideaya Biosciences	Pair Corr
0.79	KGC	Kinross Gold Aggressive Push	Pair Corr

Moving against First Stock

0.88	601658	Postal Savings Bank	Pair Corr
0.84	601665	Qilu Bank	Pair Corr
0.84	ROBOF	RoboGroup TEK	Pair Corr
0.79	BETRW	Better Home Finance	Pair Corr
0.7	EQC	Equity Commonwealth	Pair Corr
0.53	CDIV	Cascadia Investments	Pair Corr
0.74	AUHIF	Advance United Holdings	Pair Corr

Related Correlations Analysis

	HBCP	NFBK	RRBI	CIVB	CBNK	BSVN	FRBA	CWBC	UNTY	PGC
HBCP		0.96	0.97	0.81	0.71	0.71	0.92	0.85	0.94	0.94	HBCP
NFBK	0.96		0.92	0.81	0.76	0.74	0.88	0.86	0.97	0.97	NFBK
RRBI	0.97	0.92		0.82	0.64	0.65	0.88	0.87	0.91	0.91	RRBI
CIVB	0.81	0.81	0.82		0.5	0.54	0.79	0.93	0.83	0.75	CIVB
CBNK	0.71	0.76	0.64	0.5		0.88	0.68	0.52	0.67	0.83	CBNK
BSVN	0.71	0.74	0.65	0.54	0.88		0.71	0.57	0.7	0.8	BSVN
FRBA	0.92	0.88	0.88	0.79	0.68	0.71		0.75	0.86	0.86	FRBA
CWBC	0.85	0.86	0.87	0.93	0.52	0.57	0.75		0.88	0.81	CWBC
UNTY	0.94	0.97	0.91	0.83	0.67	0.7	0.86	0.88		0.93	UNTY
PGC	0.94	0.97	0.91	0.75	0.83	0.8	0.86	0.81	0.93		PGC
	HBCP	NFBK	RRBI	CIVB	CBNK	BSVN	FRBA	CWBC	UNTY	PGC

Please upgrade your account to get full access to Macroaxis premium features

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	1.19	0.23	0.20	0.33	0.86	(1.59)	3.64	(1.86)	9.17
NFBK	1.38	0.15	0.10	0.23	1.28	(1.71)	3.61	(2.44)	7.76
RRBI	1.28	0.25	0.18	0.34	1.11	(1.43)	3.40	(2.11)	6.51
CIVB	1.22	0.18	0.15	0.29	0.91	(1.56)	4.26	(1.79)	7.30
CBNK	0.96	0.02	0.00	0.11	1.07	(1.19)	2.88	(1.80)	6.99
BSVN	1.11	(0.01)	(0.03)	0.08	1.43	(1.10)	2.39	(2.38)	5.28
FRBA	1.14	0.15	0.11	0.26	1.02	(1.37)	3.29	(1.61)	8.53
CWBC	1.01	0.14	0.11	0.26	0.94	(1.23)	2.75	(2.00)	7.93
UNTY	1.37	0.12	0.08	0.22	1.35	(1.67)	3.47	(2.87)	7.52
PGC	1.50	0.15	0.10	0.21	1.65	(1.82)	3.97	(2.33)	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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC