FB Financial Correlations

FBK Stock

USD 52.40 0.17 0.33%

The current 90-days correlation between FB Financial Corp and First Mid Illinois is 0.91 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FB Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FB Financial Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

FB Financial Correlation With Market

Average diversification

The correlation between FB Financial Corp and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FB Financial Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FB Financial 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 bureau of labor statistics.

Moving together with FBK Stock

0.98	AX	Axos Financial Earnings Call This Week	Pair Corr
0.98	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.97	PB	Prosperity Bancshares Earnings Call Tomorrow	Pair Corr
0.91	RF	Regions Financial	Pair Corr
0.67	VBNK	VersaBank	Pair Corr
0.89	VBTX	Veritex Holdings Earnings Call Today	Pair Corr
0.97	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.9	EGBN	Eagle Bancorp Earnings Call Tomorrow	Pair Corr
0.96	WABC	Westamerica Bancorporation	Pair Corr
0.63	WAFD	Washington Federal	Pair Corr
0.71	WASH	Washington Trust Bancorp Earnings Call Tomorrow	Pair Corr
0.62	BANC-PF	Banc of California Earnings Call This Week	Pair Corr
0.9	EQBK	Equity Bancshares, Earnings Call Tomorrow	Pair Corr
0.79	ESSA	ESSA Bancorp Earnings Call Tomorrow	Pair Corr
0.87	EVBN	Evans Bancorp	Pair Corr
0.75	WMPN	William Penn Bancorp	Pair Corr
0.64	WNEB	Western New England Earnings Call Today	Pair Corr

Moving against FBK Stock

0.66	FRCIL	First Republic Bank	Pair Corr
0.54	FRCHL	First Republic Bank	Pair Corr
0.53	FRCCL	First Republic Bank	Pair Corr
0.52	FRCKL	First Republic Bank	Pair Corr
0.47	FRCLL	First Republic Bank	Pair Corr
0.33	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	HBCP	FBIZ	LNKB	OFED	GSBC	FMBH	FINW	LBC	EFSC	FNWD
HBCP		0.86	0.51	0.04	0.8	0.87	0.83	-0.05	0.78	0.53	HBCP
FBIZ	0.86		0.61	-0.26	0.9	0.86	0.81	0.2	0.93	0.33	FBIZ
LNKB	0.51	0.61		-0.76	0.76	0.25	0.53	0.25	0.8	-0.21	LNKB
OFED	0.04	-0.26	-0.76		-0.43	0.17	-0.19	-0.54	-0.49	0.6	OFED
GSBC	0.8	0.9	0.76	-0.43		0.74	0.82	0.24	0.92	0.23	GSBC
FMBH	0.87	0.86	0.25	0.17	0.74		0.8	-0.01	0.66	0.72	FMBH
FINW	0.83	0.81	0.53	-0.19	0.82	0.8		0.06	0.74	0.48	FINW
LBC	-0.05	0.2	0.25	-0.54	0.24	-0.01	0.06		0.31	-0.44	LBC
EFSC	0.78	0.93	0.8	-0.49	0.92	0.66	0.74	0.31		0.05	EFSC
FNWD	0.53	0.33	-0.21	0.6	0.23	0.72	0.48	-0.44	0.05		FNWD
	HBCP	FBIZ	LNKB	OFED	GSBC	FMBH	FINW	LBC	EFSC	FNWD

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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

EFSC	+ 0.93	FBIZ
EFSC	+ 0.92	GSBC
GSBC	+ 0.9	FBIZ
FMBH	+ 0.87	HBCP
FBIZ	+ 0.86	HBCP
FMBH	+ 0.86	FBIZ

High negative correlations

OFED	- 0.76	LNKB
LBC	- 0.54	OFED
EFSC	- 0.49	OFED
FNWD	- 0.44	LBC
GSBC	- 0.43	OFED
OFED	- 0.26	FBIZ

Risk-Adjusted Indicators

There is a big difference between FBK Stock performing well and FB Financial 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 FB Financial'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
HBCP	1.54	0.10	0.05	0.25	1.81	(1.81)	3.32	(3.07)	14.40
FBIZ	1.71	0.08	0.03	0.21	1.99	(1.91)	3.73	(3.61)	19.08
LNKB	1.58	0.21	0.12	0.32	1.59	(1.81)	3.47	(2.93)	10.93
OFED	2.13	(0.24)	0.00	2.01	0.00	0.00	3.48	(5.28)	12.66
GSBC	1.52	0.10	0.04	0.21	1.94	(1.59)	2.91	(2.99)	19.07
FMBH	1.49	(0.07)	0.00	(0.16)	0.00	0.00	2.77	(2.81)	18.85
FINW	1.52	0.06	0.01	(1.14)	2.39	(1.54)	4.73	(4.83)	12.27
LBC	2.06	0.13	0.04	(0.17)	2.16	(2.32)	5.04	(3.88)	10.73
EFSC	1.50	0.20	0.10	0.50	1.65	(1.66)	3.19	(2.82)	19.89
FNWD	0.98	(0.22)	0.00	(0.97)	0.00	0.00	2.12	(2.53)	8.47

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