First Interstate Correlations

FIBK Stock

USD 33.50 0.64 1.95%

The current 90-days correlation between First Interstate Ban and First Financial Bankshares is -0.04 (i.e., Good 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

Average diversification

The correlation between First Interstate BancSystem and DJI is 0.13 (i.e., Average 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.

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

0.9	AX	Axos Financial	Pair Corr
0.92	BY	Byline Bancorp	Pair Corr
0.91	PB	Prosperity Bancshares	Pair Corr
0.88	RF	Regions Financial	Pair Corr
0.61	VBNK	VersaBank	Pair Corr
0.75	VBTX	Veritex Holdings	Pair Corr
0.94	EFSC	Enterprise Financial Normal Trading	Pair Corr
0.78	EGBN	Eagle Bancorp	Pair Corr
0.85	WABC	Westamerica Bancorporation	Pair Corr
0.86	EQBK	Equity Bancshares,	Pair Corr
0.7	ESSA	ESSA Bancorp	Pair Corr
0.85	EVBN	Evans Bancorp	Pair Corr
0.85	EWBC	East West Bancorp	Pair Corr
0.64	WMPN	William Penn Bancorp	Pair Corr

Moving against First Stock

0.55	FRCCL	First Republic Bank	Pair Corr
0.55	FRCHL	First Republic Bank	Pair Corr

Related Correlations Analysis

	FFIN	IBTX	CVBF	EBMT	GBCI	CFFN	BY	CATY	HTLF	HTBK
FFIN		-0.28	0.81	0.8	0.86	0.76	0.88	0.87	0.69	0.96	FFIN
IBTX	-0.28		0.13	-0.44	-0.36	-0.52	-0.05	-0.1	0.0	-0.34	IBTX
CVBF	0.81	0.13		0.56	0.8	0.56	0.95	0.93	0.78	0.76	CVBF
EBMT	0.8	-0.44	0.56		0.81	0.88	0.63	0.64	0.31	0.89	EBMT
GBCI	0.86	-0.36	0.8	0.81		0.85	0.86	0.92	0.68	0.87	GBCI
CFFN	0.76	-0.52	0.56	0.88	0.85		0.67	0.7	0.31	0.86	CFFN
BY	0.88	-0.05	0.95	0.63	0.86	0.67		0.96	0.83	0.84	BY
CATY	0.87	-0.1	0.93	0.64	0.92	0.7	0.96		0.82	0.82	CATY
HTLF	0.69	0.0	0.78	0.31	0.68	0.31	0.83	0.82		0.54	HTLF
HTBK	0.96	-0.34	0.76	0.89	0.87	0.86	0.84	0.82	0.54		HTBK
	FFIN	IBTX	CVBF	EBMT	GBCI	CFFN	BY	CATY	HTLF	HTBK

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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

HTBK	+ 0.96	FFIN
CATY	+ 0.96	BY
BY	+ 0.95	CVBF
CATY	+ 0.93	CVBF
CATY	+ 0.92	GBCI
HTBK	+ 0.89	EBMT

High negative correlations

CFFN	- 0.52	IBTX
EBMT	- 0.44	IBTX
GBCI	- 0.36	IBTX
HTBK	- 0.34	IBTX
IBTX	- 0.28	FFIN
CATY	- 0.1	IBTX

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
FFIN	1.62	0.02	(0.03)	0.30	1.84	(1.88)	3.42	(2.73)	20.57
IBTX	1.59	0.14	0.02	(6.03)	1.81	(1.83)	2.78	(3.04)	20.79
CVBF	1.64	0.11	0.03	0.32	1.78	(2.02)	3.37	(2.66)	23.43
EBMT	1.00	(0.11)	0.00	0.56	0.00	0.00	2.40	(2.48)	8.02
GBCI	1.55	0.03	0.00	0.13	1.63	(1.80)	3.88	(2.59)	16.78
CFFN	1.29	(0.20)	0.00	(0.49)	0.00	0.00	2.63	(3.00)	16.58
BY	1.41	0.15	0.06	0.39	1.53	(1.60)	2.89	(2.72)	21.89
CATY	1.41	0.05	0.00	0.20	1.61	(1.70)	3.58	(3.19)	19.12
HTLF	1.58	0.20	0.09	0.49	1.50	(1.98)	3.53	(2.52)	19.68
HTBK	1.30	0.01	(0.05)	0.15	1.45	(1.82)	3.53	(2.42)	17.80

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
Marcy CPA	Executive CFO	Profile
Kristina Robbins	Executive COO	Profile

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