First Business Correlations

FBIZ Stock

USD 57.86 0.84 1.47%

The current 90-days correlation between First Business Financial and Home Bancorp is 0.89 (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 poor diversification

The correlation between First Business Financial and DJI is 0.83 (i.e., Very 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	BNPH	BNP PARIBAS ADR	Pair Corr
0.65	BIRG	Bank of Ireland	Pair Corr
0.61	AON0	AOZORA BANK LTD	Pair Corr
0.88	AX	Axos Financial	Pair Corr
0.96	BY	Byline Bancorp	Pair Corr
0.86	PB	Prosperity Bancshares	Pair Corr
0.9	RF	Regions Financial	Pair Corr
0.89	HH1	Hancock Whitney	Pair Corr
0.75	BCVN	Banque Cantonale Vaudoise	Pair Corr
0.65	VABK	Virginia National	Pair Corr
0.77	LLBN	Liechtensteinische	Pair Corr
0.86	VBNK	VersaBank	Pair Corr
0.75	SANB	SANTANDER UK 8	Pair Corr
0.79	B4M1	SpareBank 1 SR	Pair Corr
0.87	UIO	ATLANTIC UNION BANKSDL	Pair Corr
0.77	FRYA	Swedbank AB	Pair Corr
0.84	VNB	Valley National Bancorp	Pair Corr
0.89	EBMT	Eagle Bancorp Montana	Pair Corr
0.84	BNP	BNP Paribas SA	Pair Corr
0.88	EFSC	Enterprise Financial	Pair Corr
0.88	EGBN	Eagle Bancorp	Pair Corr
0.83	HSBK	Halyk Bank	Pair Corr
0.72	PFZ	Pinnacle Financial	Pair Corr
0.69	BCGE	Banque Cantonale	Pair Corr
0.88	WABC	Westamerica Bancorporation	Pair Corr
0.79	WAFD	Washington Federal	Pair Corr
0.87	WASH	Washington Trust Bancorp	Pair Corr

Moving against First Stock

0.77	3YB	Postal Savings Bank	Pair Corr
0.46	ICBA	ICICI Bank Limited	Pair Corr
0.4	D7C	China CITIC Bank	Pair Corr
0.34	C3B	Chongqing Rural Comm	Pair Corr

Related Correlations Analysis

	HBCP	NFBK	RRBI	CIVB	CBNK	BSVN	FRBA	CWBC	UNTY	PGC
HBCP		0.86	0.78	0.77	0.85	0.85	0.91	0.79	0.93	0.83	HBCP
NFBK	0.86		0.97	0.86	0.97	0.83	0.76	0.92	0.81	0.98	NFBK
RRBI	0.78	0.97		0.79	0.96	0.8	0.65	0.9	0.69	0.99	RRBI
CIVB	0.77	0.86	0.79		0.86	0.81	0.71	0.92	0.83	0.83	CIVB
CBNK	0.85	0.97	0.96	0.86		0.88	0.72	0.94	0.81	0.98	CBNK
BSVN	0.85	0.83	0.8	0.81	0.88		0.76	0.85	0.83	0.82	BSVN
FRBA	0.91	0.76	0.65	0.71	0.72	0.76		0.66	0.89	0.71	FRBA
CWBC	0.79	0.92	0.9	0.92	0.94	0.85	0.66		0.79	0.92	CWBC
UNTY	0.93	0.81	0.69	0.83	0.81	0.83	0.89	0.79		0.76	UNTY
PGC	0.83	0.98	0.99	0.83	0.98	0.82	0.71	0.92	0.76		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	1.16	0.14	0.09	0.21	1.25	(1.41)	3.62	(1.95)	9.64
NFBK	1.53	0.31	0.24	0.31	1.01	(2.12)	3.77	(2.03)	13.28
RRBI	1.44	0.38	0.24	0.54	1.15	(1.69)	4.16	(2.35)	9.09
CIVB	1.23	0.12	0.08	0.22	1.19	(1.41)	2.80	(2.30)	8.06
CBNK	1.10	0.11	0.07	0.19	1.21	(1.25)	2.92	(2.03)	8.42
BSVN	1.04	0.05	0.01	0.18	1.23	(1.10)	2.39	(2.38)	5.28
FRBA	1.23	0.06	0.03	0.15	1.44	(1.32)	3.30	(2.70)	8.58
CWBC	1.07	0.14	0.11	0.24	0.94	(1.34)	3.42	(1.52)	7.92
UNTY	1.34	0.11	0.08	0.20	1.27	(1.65)	3.33	(2.87)	7.55
PGC	1.46	0.36	0.24	0.36	1.32	(1.91)	4.03	(2.31)	11.02

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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