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.
First |
Moving together with First Stock
0.93 | AX | Axos Financial | PairCorr |
0.92 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
0.88 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
0.78 | RF | Regions Financial Fiscal Year End 17th of January 2025 | PairCorr |
0.64 | VBNK | VersaBank Fiscal Year End 11th of December 2024 | PairCorr |
0.71 | VBTX | Veritex Holdings Normal Trading | PairCorr |
0.79 | EBTC | Enterprise Bancorp | PairCorr |
0.91 | EFSC | Enterprise Financial Fiscal Year End 27th of January 2025 | PairCorr |
0.65 | EGBN | Eagle Bancorp Fiscal Year End 22nd of January 2025 | PairCorr |
0.91 | WABC | Westamerica Bancorporation Fiscal Year End 16th of January 2025 | PairCorr |
0.86 | WAFD | Washington Federal | PairCorr |
0.78 | WASH | Washington Trust Bancorp Fiscal Year End 22nd of January 2025 | PairCorr |
0.65 | BANC-PF | Banc of California | PairCorr |
0.82 | EQBK | Equity Bancshares, Fiscal Year End 22nd of January 2025 | PairCorr |
0.61 | ESSA | ESSA Bancorp | PairCorr |
0.65 | EWBC | East West Bancorp Fiscal Year End 28th of January 2025 | PairCorr |
Moving against First Stock
0.45 | CFG-PE | Citizens Financial | PairCorr |
0.36 | TFC-PR | Truist Financial | PairCorr |
0.33 | TFC-PO | Truist Financial | PairCorr |
0.45 | WAFDP | Washington Federal | PairCorr |
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
| High negative correlations
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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 | ||
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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 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 |