First Interstate Correlations

FIBK Stock

USD 37.21 0.31 0.83%

The current 90-days correlation between First Interstate Ban and Renasant is 0.82 (i.e., Very poor 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

Poor diversification

The correlation between First Interstate BancSystem and DJI is 0.64 (i.e., Poor 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

0.83	BIRG	Bank of Ireland	Pair Corr
0.9	FBNC	First Bancorp Normal Trading	Pair Corr
0.84	AUB	Atlantic Union Bankshares Normal Trading	Pair Corr
0.93	CCB	Coastal Financial Corp	Pair Corr
0.88	FCF	First Commonwealth	Pair Corr
0.87	FRME	First Merchants	Pair Corr
0.97	FNB	FNB Corp	Pair Corr
0.86	HTH	Hilltop Holdings	Pair Corr
0.93	FVCB	FVCBankcorp	Pair Corr
0.62	LOB	Live Oak Bancshares Normal Trading	Pair Corr
0.94	ONB	Old National Bancorp	Pair Corr
0.8	GABC	German American Bancorp	Pair Corr
0.95	TMP	Tompkins Financial	Pair Corr
0.74	601187	Xiamen Bank	Pair Corr
0.89	NBHC	National Bank Holdings Normal Trading	Pair Corr
0.89	NBTB	NBT Bancorp	Pair Corr
0.87	VBNK	VersaBank	Pair Corr
0.93	LB	Laurentian Bank	Pair Corr
0.79	AFBI	Affinity Bancshares	Pair Corr
0.81	SBFG	SB Financial Group	Pair Corr
0.83	AROW	Arrow Financial	Pair Corr
0.9	SRBK	SR Bancorp Common	Pair Corr
0.87	SRCE	1st Source	Pair Corr
0.84	STBA	ST Bancorp	Pair Corr
0.79	BANR	Banner	Pair Corr
0.81	STEL	Stellar Bancorp	Pair Corr
0.62	BFIN	BankFinancial	Pair Corr
0.7	BHRB	Burke Herbert Financial	Pair Corr
0.87	TCBK	TriCo Bancshares	Pair Corr

Moving against First Stock

0.81	601665	Qilu Bank	Pair Corr
0.8	601658	Postal Savings Bank	Pair Corr
0.61	SFBC	Sound Financial Bancorp	Pair Corr

Related Correlations Analysis

	RNST	CATY	FULT	INDB	BMA	ASB	FBP	WBS	WSBC
RNST		0.95	0.87	0.85	0.18	0.93	0.82	0.85	0.95	RNST
CATY	0.95		0.92	0.93	0.37	0.94	0.74	0.93	0.96	CATY
FULT	0.87	0.92		0.95	0.51	0.9	0.73	0.97	0.95	FULT
INDB	0.85	0.93	0.95		0.6	0.93	0.6	0.96	0.9	INDB
BMA	0.18	0.37	0.51	0.6		0.38	-0.1	0.58	0.31	BMA
ASB	0.93	0.94	0.9	0.93	0.38		0.71	0.91	0.92	ASB
FBP	0.82	0.74	0.73	0.6	-0.1	0.71		0.65	0.85	FBP
WBS	0.85	0.93	0.97	0.96	0.58	0.91	0.65		0.93	WBS
WSBC	0.95	0.96	0.95	0.9	0.31	0.92	0.85	0.93		WSBC
	RNST	CATY	FULT	INDB	BMA	ASB	FBP	WBS	WSBC

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

WBS	+ 0.97	FULT
WSBC	+ 0.96	CATY
WBS	+ 0.96	INDB
CATY	+ 0.95	RNST
WSBC	+ 0.95	RNST
INDB	+ 0.95	FULT

High negative correlations

FBP

- 0.1

BMA

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
RNST	1.11	(0.11)	(0.04)	0.00	1.84	(1.12)	2.66	(3.57)	10.16
CATY	1.19	(0.03)	(0.01)	0.06	1.89	(1.27)	3.14	(2.03)	10.95
FULT	1.32	0.00	0.02	0.08	1.82	(1.41)	3.20	(2.77)	8.44
INDB	1.29	0.01	0.03	0.09	1.69	(1.43)	3.52	(2.76)	8.72
BMA	3.31	1.26	0.66	0.92	1.23	(4.55)	7.48	(3.22)	41.26
ASB	1.26	(0.11)	(0.03)	0.01	1.84	(1.41)	3.48	(3.10)	9.59
FBP	1.28	(0.09)	(0.04)	0.00	1.90	(1.22)	2.75	(2.69)	8.67
WBS	1.22	0.01	0.02	0.09	1.92	(1.25)	2.80	(2.11)	11.02
WSBC	1.35	(0.03)	0.00	0.06	2.01	(1.39)	2.95	(2.73)	11.73

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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