First Mid Correlations

FMBH Stock

USD 42.06 0.52 1.22%

The current 90-days correlation between First Mid Illinois and Southside Bancshares is 0.76 (i.e., Poor 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 0.72 (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.

Build AI portfolio with First Stock

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

0.77	FNWB	First Northwest Bancorp	Pair Corr
0.71	FSEA	First Seacoast Bancorp	Pair Corr
0.68	FUSB	First Bancshares	Pair Corr
0.74	HFBL	Home Federal Bancorp Normal Trading	Pair Corr
0.81	IROQ	IF Bancorp	Pair Corr
0.69	NSTS	NSTS Bancorp	Pair Corr
0.62	BBAR	BBVA Banco Frances	Pair Corr
0.81	BOTJ	Bank of the Earnings Call Tomorrow	Pair Corr
0.83	CASH	Meta Financial Group	Pair Corr
0.97	CCNE	CNB Financial	Pair Corr
0.71	CLST	Catalyst Bancorp	Pair Corr
0.66	UBCP	United Bancorp Earnings Call Next Week	Pair Corr
0.64	F	Ford Motor Earnings Call This Week	Pair Corr
0.68	ABEV	Ambev SA ADR Aggressive Push	Pair Corr
0.8	MARUF	Marubeni Earnings Call This Week	Pair Corr
0.7	YASKY	Yaskawa Electric Corp	Pair Corr
0.62	BKKLY	Bangkok Bank PCL	Pair Corr
0.85	DCI	Donaldson	Pair Corr
0.98	CNOB	ConnectOne Bancorp Earnings Call Tomorrow	Pair Corr
0.75	MRK	Merck Company Earnings Call This Week	Pair Corr
0.72	MCD	McDonalds	Pair Corr
0.71	AA	Alcoa Corp	Pair Corr

Moving against First Stock

0.84	NIO	Nio Class A	Pair Corr
0.81	GRAB	Grab Holdings Aggressive Push	Pair Corr
0.57	NVDA	NVIDIA Aggressive Push	Pair Corr
0.49	GRLF	Green Leaf Innovations	Pair Corr
0.32	PLUG	Plug Power Aggressive Push	Pair Corr
0.32	RXRX	Recursion Pharmaceuticals	Pair Corr
0.81	MSFT	Microsoft Aggressive Push	Pair Corr
0.63	T	ATT Inc Earnings Call This Week	Pair Corr
0.58	HPQ	HP Inc	Pair Corr
0.37	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	SBSI	UVSP	TMP	AMAL	BHRB	HAFC	DCOM	FSUN	BFST	MOFG
SBSI		0.94	0.99	0.93	0.76	0.86	0.93	0.67	0.95	0.73	SBSI
UVSP	0.94		0.94	0.82	0.89	0.86	0.9	0.64	0.97	0.64	UVSP
TMP	0.99	0.94		0.93	0.76	0.84	0.93	0.69	0.94	0.7	TMP
AMAL	0.93	0.82	0.93		0.57	0.78	0.92	0.7	0.83	0.71	AMAL
BHRB	0.76	0.89	0.76	0.57		0.79	0.72	0.45	0.88	0.53	BHRB
HAFC	0.86	0.86	0.84	0.78	0.79		0.79	0.46	0.9	0.82	HAFC
DCOM	0.93	0.9	0.93	0.92	0.72	0.79		0.78	0.88	0.6	DCOM
FSUN	0.67	0.64	0.69	0.7	0.45	0.46	0.78		0.55	0.15	FSUN
BFST	0.95	0.97	0.94	0.83	0.88	0.9	0.88	0.55		0.74	BFST
MOFG	0.73	0.64	0.7	0.71	0.53	0.82	0.6	0.15	0.74		MOFG
	SBSI	UVSP	TMP	AMAL	BHRB	HAFC	DCOM	FSUN	BFST	MOFG

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SBSI	1.09	0.19	0.15	0.29	0.93	(1.33)	2.73	(1.57)	8.89
UVSP	1.19	0.11	0.09	0.16	1.08	(1.45)	3.67	(2.21)	9.31
TMP	1.32	0.17	0.11	0.23	1.46	(1.54)	3.68	(2.40)	10.36
AMAL	1.50	0.47	0.33	0.44	1.07	(1.85)	3.60	(2.09)	8.06
BHRB	1.14	0.02	0.01	0.09	1.55	(1.23)	3.16	(2.37)	9.50
HAFC	1.22	0.21	0.15	0.42	0.96	(1.63)	3.23	(1.92)	12.14
DCOM	1.51	0.10	0.06	0.15	1.87	(1.75)	3.51	(3.10)	11.73
FSUN	1.74	(0.07)	(0.02)	0.00	3.56	(1.70)	3.49	(2.36)	18.58
BFST	1.22	0.17	0.14	0.23	1.07	(1.54)	2.88	(1.66)	10.57
MOFG	2.18	0.77	0.45	0.84	1.11	(2.78)	3.39	(2.70)	43.86

First Mid Corporate Management

Eric McRae	Executive 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 McElwee	Senior Officer	Profile
David Hiden	Senior Officer	Profile
Anya Schuetz	Senior Management	Profile
Rhonda Gatons	Executive Resources	Profile

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