First Interstate Correlations

FIBK Stock

USD 35.93 0.07 0.20%

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 0.61 (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

0.76	BIRG	Bank of Ireland	Pair Corr
0.8	AX	Axos Financial	Pair Corr
0.96	BY	Byline Bancorp	Pair Corr
0.93	PB	Prosperity Bancshares	Pair Corr
0.9	RF	Regions Financial	Pair Corr
0.78	VABK	Virginia National	Pair Corr
0.86	VBNK	VersaBank	Pair Corr
0.69	SANB	SANTANDER UK 8	Pair Corr
0.89	EBMT	Eagle Bancorp Montana	Pair Corr
0.75	WABC	Westamerica Bancorporation	Pair Corr
0.9	WAFD	Washington Federal	Pair Corr
0.94	WASH	Washington Trust Bancorp	Pair Corr
0.94	EQBK	Equity Bancshares,	Pair Corr
0.95	EWBC	East West Bancorp	Pair Corr
0.94	WNEB	Western New England	Pair Corr
0.84	WSBC	WesBanco	Pair Corr
0.93	WSFS	WSFS Financial	Pair Corr
0.83	WTBA	West Bancorporation	Pair Corr
0.97	WTFC	Wintrust Financial	Pair Corr
0.95	FBIZ	First Business Financial	Pair Corr
0.94	FBLA	FB Bancorp, Common	Pair Corr
0.75	FBNC	First Bancorp	Pair Corr
0.92	FCAP	First Capital	Pair Corr
0.68	FCBC	First Community Banc	Pair Corr
0.91	FCCO	First Community	Pair Corr
0.79	FDBC	Fidelity DD Bancorp	Pair Corr
0.8	FFBC	First Financial Bancorp	Pair Corr

Moving against First Stock

0.73	601658	Postal Savings Bank	Pair Corr
0.69	BEN	Bendigo and Adelaide	Pair Corr
0.6	FGBI	First Guaranty Bancshares	Pair Corr

Related Correlations Analysis

	RNST	CATY	FULT	INDB	BMA	ASB	FBP	WBS	WSBC
RNST		0.86	0.82	0.69	-0.2	0.86	0.85	0.8	0.86	RNST
CATY	0.86		0.93	0.91	0.22	0.94	0.6	0.95	0.96	CATY
FULT	0.82	0.93		0.93	0.3	0.9	0.6	0.96	0.93	FULT
INDB	0.69	0.91	0.93		0.51	0.9	0.36	0.95	0.88	INDB
BMA	-0.2	0.22	0.3	0.51		0.2	-0.51	0.37	0.15	BMA
ASB	0.86	0.94	0.9	0.9	0.2		0.58	0.92	0.92	ASB
FBP	0.85	0.6	0.6	0.36	-0.51	0.58		0.51	0.68	FBP
WBS	0.8	0.95	0.96	0.95	0.37	0.92	0.51		0.92	WBS
WSBC	0.86	0.96	0.93	0.88	0.15	0.92	0.68	0.92		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

WSBC	+ 0.96	CATY
WBS	+ 0.96	FULT
WBS	+ 0.95	CATY
WBS	+ 0.95	INDB
ASB	+ 0.94	CATY
FULT	+ 0.93	CATY

High negative correlations

FBP	- 0.51	BMA
BMA	- 0.2	RNST

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	1.07	(0.11)	0.00	(0.02)	0.00	0.00	2.49	(3.57)	10.16
CATY	1.14	(0.03)	(0.01)	0.05	1.88	(1.21)	3.14	(2.03)	10.95
FULT	1.27	0.01	0.02	0.08	1.79	(1.37)	3.23	(2.80)	8.48
INDB	1.22	0.02	0.03	0.09	1.65	(1.40)	3.53	(2.75)	8.72
BMA	3.41	0.97	0.42	0.66	1.88	(4.74)	7.48	(4.16)	41.26
ASB	1.21	(0.06)	(0.01)	0.04	1.82	(1.35)	3.48	(3.10)	9.59
FBP	1.25	(0.13)	0.00	(0.04)	0.00	0.00	2.65	(2.69)	8.67
WBS	1.18	0.01	0.02	0.09	1.85	(1.23)	3.07	(2.15)	11.02
WSBC	1.30	0.01	0.01	0.08	1.97	(1.34)	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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