First Interstate Correlations

FIBK Stock

USD 36.34 0.78 2.19%

The current 90-days correlation between First Interstate Ban and Flaherty Crumrine Preferred is 0.19 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Interstate moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Interstate BancSystem moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

First Interstate Correlation With Market

Almost no diversification

The correlation between First Interstate BancSystem and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Interstate BancSystem 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 Interstate BancSystem. 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 First Stock

0.88	BNPH	BNP PARIBAS ADR	Pair Corr
0.63	BIRG	Bank of Ireland Earnings Call This Week	Pair Corr
0.73	AON0	AOZORA BANK LTD	Pair Corr
0.92	AX	Axos Financial	Pair Corr
0.86	BY	Byline Bancorp	Pair Corr
0.78	KBN	Komplett Bank ASA	Pair Corr
0.84	PB	Prosperity Bancshares	Pair Corr
0.95	RF	Regions Financial	Pair Corr
0.93	HH1	Hancock Whitney	Pair Corr
0.76	BCVN	Banque Cantonale Vaudoise	Pair Corr
0.85	LLBN	Liechtensteinische	Pair Corr
0.92	VBNK	VersaBank Earnings Call This Week	Pair Corr
0.81	SANB	SANTANDER UK 8	Pair Corr
0.78	B4M1	SpareBank 1 SR	Pair Corr
0.92	UIO	ATLANTIC UNION BANKSDL	Pair Corr
0.67	WBCPK	Westpac Banking	Pair Corr
0.85	FRYA	Swedbank AB	Pair Corr
0.86	VNB	Valley National Bancorp	Pair Corr
0.91	EBMT	Eagle Bancorp Montana	Pair Corr
0.87	BNP	BNP Paribas SA	Pair Corr
0.75	EFSC	Enterprise Financial	Pair Corr
0.82	EGBN	Eagle Bancorp	Pair Corr
0.86	HSBK	Halyk Bank	Pair Corr
0.68	PFZ	Pinnacle Financial	Pair Corr
0.66	BCGE	Banque Cantonale	Pair Corr
0.78	WABC	Westamerica Bancorporation	Pair Corr
0.7	WAFD	Washington Federal	Pair Corr
0.78	WASH	Washington Trust Bancorp	Pair Corr

Moving against First Stock

0.7	3YB	Postal Savings Bank	Pair Corr
0.34	C3B	Chongqing Rural Comm	Pair Corr
0.34	ICBA	ICICI Bank Limited	Pair Corr

Related Correlations Analysis

	BTZ	TQSMX	APHQX	RGHYX	RNP	FHYTX	HRTVX	DHMIX	WASH	FFC
BTZ		0.23	-0.1	0.26	0.55	0.23	0.25	0.16	0.34	0.42	BTZ
TQSMX	0.23		0.75	0.95	0.67	0.92	0.99	0.96	0.85	0.88	TQSMX
APHQX	-0.1	0.75		0.68	0.09	0.82	0.69	0.85	0.48	0.48	APHQX
RGHYX	0.26	0.95	0.68		0.7	0.93	0.95	0.91	0.81	0.87	RGHYX
RNP	0.55	0.67	0.09	0.7		0.54	0.72	0.54	0.74	0.78	RNP
FHYTX	0.23	0.92	0.82	0.93	0.54		0.89	0.95	0.71	0.78	FHYTX
HRTVX	0.25	0.99	0.69	0.95	0.72	0.89		0.93	0.9	0.91	HRTVX
DHMIX	0.16	0.96	0.85	0.91	0.54	0.95	0.93		0.76	0.79	DHMIX
WASH	0.34	0.85	0.48	0.81	0.74	0.71	0.9	0.76		0.93	WASH
FFC	0.42	0.88	0.48	0.87	0.78	0.78	0.91	0.79	0.93		FFC
	BTZ	TQSMX	APHQX	RGHYX	RNP	FHYTX	HRTVX	DHMIX	WASH	FFC

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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

HRTVX	+ 0.99	TQSMX
DHMIX	+ 0.96	TQSMX
RGHYX	+ 0.95	TQSMX
HRTVX	+ 0.95	RGHYX
DHMIX	+ 0.95	FHYTX
FHYTX	+ 0.93	RGHYX

High negative correlations

APHQX

- 0.1

BTZ

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Interstate 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 Interstate'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
BTZ	0.31	0.00	(0.23)	0.14	0.36	(0.34)	0.57	(0.57)	2.18
TQSMX	0.72	0.11	0.15	0.21	0.50	(0.88)	1.73	(1.19)	5.11
APHQX	0.85	0.03	0.05	0.13	0.82	(1.01)	1.92	(1.76)	9.41
RGHYX	0.10	0.03	(0.28)	(1.89)	0.00	(0.14)	0.20	(0.10)	1.11
RNP	0.63	0.10	0.04	0.40	0.51	(0.71)	1.44	(1.02)	3.20
FHYTX	0.14	0.01	(0.31)	0.17	0.00	(0.22)	0.31	(0.31)	1.09
HRTVX	0.79	0.21	0.26	0.29	0.41	(0.96)	2.64	(1.50)	4.72
DHMIX	0.74	0.03	0.04	0.13	0.69	(0.88)	2.00	(1.47)	4.49
WASH	1.48	0.34	0.25	0.40	1.08	(1.92)	3.62	(2.04)	17.33
FFC	0.32	0.04	(0.11)	0.45	0.22	(0.37)	0.75	(0.66)	2.02

First Interstate Corporate Executives

Elected by the shareholders, the First Interstate's board of directors comprises two types of representatives: First Interstate inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Interstate's management team and ensure that shareholders' interests are well served. First Interstate's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Interstate's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Marcy Mutch	Executive CFO	Profile
	Kristina Robbins	Executive COO	Profile

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