First Mid Correlations

FMBH Stock  USD 42.72  0.43  1.02%   
The current 90-days correlation between First Mid Illinois and Great Southern Bancorp is 0.92 (i.e., Almost no diversification). The correlation of First Mid is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

First Mid Correlation With Market

Poor diversification

The correlation between First Mid Illinois and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Mid Illinois 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 Mid Illinois. 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

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  0.88PB Prosperity Bancshares Fiscal Year End 22nd of January 2025 PairCorr
  0.78RF Regions Financial Fiscal Year End 17th of January 2025 PairCorr
  0.64VBNK VersaBank Fiscal Year End 11th of December 2024 PairCorr
  0.71VBTX Veritex Holdings Normal TradingPairCorr
  0.79EBTC Enterprise BancorpPairCorr
  0.91EFSC Enterprise Financial Fiscal Year End 27th of January 2025 PairCorr
  0.65EGBN Eagle Bancorp Fiscal Year End 22nd of January 2025 PairCorr
  0.91WABC Westamerica Bancorporation Fiscal Year End 16th of January 2025 PairCorr
  0.86WAFD Washington FederalPairCorr
  0.78WASH Washington Trust Bancorp Fiscal Year End 22nd of January 2025 PairCorr
  0.65BANC-PF Banc of CaliforniaPairCorr
  0.82EQBK Equity Bancshares, Fiscal Year End 22nd of January 2025 PairCorr
  0.61ESSA ESSA BancorpPairCorr
  0.65EWBC East West Bancorp Fiscal Year End 28th of January 2025 PairCorr

Moving against First Stock

  0.45CFG-PE Citizens FinancialPairCorr
  0.36TFC-PR Truist FinancialPairCorr
  0.33TFC-PO Truist FinancialPairCorr
  0.45WAFDP Washington FederalPairCorr

Related Correlations Analysis

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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   
HFWAGSBC
HTBICWBC
HFWAHBCP
HTBIGSBC
HBCPGSBC
HTBIHFWA
  
High negative correlations   
FNWBFNWD
CWBCFNWD
FFNWFRAF
HFWAFFNW
HBCPFFNW
FFNWCWBC

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Mid 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 Mid'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FNWD  0.96  0.16  0.06  0.70  0.75 
 2.48 
 12.55 
GSBC  1.62 (0.07) 0.05  0.09  1.72 
 3.56 
 19.09 
FRAF  0.81  0.20  0.05 (2.43) 1.05 
 1.52 
 9.44 
CWBC  1.07  0.04  0.06  0.15  1.07 
 2.64 
 9.14 
HMNF  1.88  0.44  0.12 (1.02) 1.85 
 4.29 
 13.15 
FNWB  1.60  0.07  0.02  0.23  1.70 
 4.11 
 14.21 
FFNW  0.63 (0.01)(0.12) 0.08  0.76 
 1.65 
 4.32 
HBCP  1.69  0.09  0.10  0.17  1.75 
 3.76 
 12.98 
HFWA  1.64  0.05  0.10  0.14  1.59 
 3.50 
 19.67 
HTBI  1.48 (0.07) 0.04  0.09  1.64 
 3.05 
 18.54 

First Mid Corporate Management

Eric McRaeExecutive VP, Executive VP of First Mid-Illinois Bank and Trust, N.A. and Sr. Lender of First Mid-Illinois Bank and Trust, N.A.Profile
Megan McElweeSenior OfficerProfile
David HidenSenior OfficerProfile
Anya SchuetzSenior ManagementProfile
Rhonda GatonsExecutive ResourcesProfile