First Interstate Correlations

FIBK Stock

USD 38.14 0.54 1.44%

The current 90-days correlation between First Interstate Ban and Renasant is 0.52 (i.e., Very weak 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 0.92 (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	BIRG	Bank of Ireland	Pair Corr
0.92	AX	Axos Financial	Pair Corr
0.69	FFIN	First Financial Bank Normal Trading	Pair Corr
0.87	ASB	Associated Banc Corp	Pair Corr
0.92	CPF	Central Pacific Financial	Pair Corr
0.87	FSFG	First Savings Financial Earnings Call This Week	Pair Corr
0.97	HWC	Hancock Whitney Corp	Pair Corr
0.67	FUNC	First United Earnings Call This Week	Pair Corr
0.9	FVCB	FVCBankcorp	Pair Corr
0.75	WBCPM	Westpac Banking	Pair Corr
0.86	MCB	Metropolitan Bank Holding	Pair Corr
0.95	MTB	MT Bank	Pair Corr
0.94	WBS	Webster Financial	Pair Corr
0.86	HFWA	Heritage Financial	Pair Corr
0.76	IBOC	International Bancshares	Pair Corr
0.94	ISTR	Investar Holding Corp	Pair Corr
0.87	LCNB	LCNB	Pair Corr
0.86	OVLY	Oak Valley Bancorp	Pair Corr
0.86	MBLPD	Macquarie Bank	Pair Corr
0.94	VBNK	VersaBank	Pair Corr
0.83	BFL	BSP Financial Group	Pair Corr
0.8	SFBS	ServisFirst Bancshares	Pair Corr
0.86	AROW	Arrow Financial Normal Trading	Pair Corr
0.92	TCBI	Texas Capital Bancshares	Pair Corr
0.88	BPRN	Bank Of Princeton	Pair Corr
0.72	TFSL	TFS Financial	Pair Corr
0.81	BWFG	Bankwell Financial	Pair Corr
0.91	CADE	Cadence Bancorp	Pair Corr
0.62	FCAP	First Capital Trending	Pair Corr

Moving against First Stock

0.83	3YB	Postal Savings Bank	Pair Corr
0.37	BBC	BNK Banking	Pair Corr
0.39	BKLRF	Berkeley Energy	Pair Corr

Related Correlations Analysis

	RNST	CATY	FULT	INDB	BMA	ASB	FBP	WBS	WSBC
RNST		0.27	0.36	0.97	0.78	0.29	0.34	0.34	0.3	RNST
CATY	0.27		0.94	0.38	0.49	0.9	0.89	0.94	0.97	CATY
FULT	0.36	0.94		0.49	0.64	0.9	0.95	0.98	0.98	FULT
INDB	0.97	0.38	0.49		0.83	0.41	0.46	0.47	0.43	INDB
BMA	0.78	0.49	0.64	0.83		0.53	0.64	0.58	0.56	BMA
ASB	0.29	0.9	0.9	0.41	0.53		0.85	0.9	0.92	ASB
FBP	0.34	0.89	0.95	0.46	0.64	0.85		0.92	0.94	FBP
WBS	0.34	0.94	0.98	0.47	0.58	0.9	0.92		0.97	WBS
WSBC	0.3	0.97	0.98	0.43	0.56	0.92	0.94	0.97		WSBC
	RNST	CATY	FULT	INDB	BMA	ASB	FBP	WBS	WSBC

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	1.16	0.26	0.19	0.35	0.92	(1.38)	3.04	(1.72)	7.57
CATY	1.17	0.21	0.15	0.30	1.15	(1.38)	3.14	(1.80)	8.56
FULT	1.30	0.30	0.22	0.29	1.11	(1.54)	3.01	(1.65)	8.73
INDB	1.21	0.30	0.23	0.37	0.95	(1.53)	3.81	(1.38)	8.01
BMA	2.20	0.12	0.07	0.15	1.80	(3.12)	6.57	(3.21)	10.99
ASB	1.13	0.20	0.11	0.76	1.14	(1.41)	3.31	(1.59)	8.15
FBP	1.19	0.22	0.14	0.33	1.19	(1.30)	2.84	(2.17)	9.39
WBS	1.14	0.33	0.25	0.38	0.93	(1.32)	3.30	(1.77)	7.21
WSBC	1.25	0.27	0.18	0.29	1.27	(1.45)	2.95	(1.68)	9.48

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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