Primis Financial Correlations

FRST Stock

USD 14.01 0.03 0.21%

The current 90-days correlation between Primis Financial Corp and Finwise Bancorp is 0.44 (i.e., Very weak diversification). The correlation of Primis Financial 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Primis Financial Correlation With Market

Poor diversification

The correlation between Primis Financial Corp and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Primis Financial Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Primis Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Primis Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with Primis Stock

0.65	BIRG	Bank of Ireland	Pair Corr
0.75	AX	Axos Financial	Pair Corr
0.65	ASB	Associated Banc Corp	Pair Corr
0.69	CPF	Central Pacific Financial	Pair Corr
0.67	FSFG	First Savings Financial	Pair Corr
0.71	HWC	Hancock Whitney Corp	Pair Corr
0.72	FVCB	FVCBankcorp	Pair Corr
0.7	WBCPM	Westpac Banking	Pair Corr
0.71	MTB	MT Bank	Pair Corr
0.66	WBS	Webster Financial	Pair Corr
0.62	IBOC	International Bancshares	Pair Corr
0.7	ISTR	Investar Holding Corp	Pair Corr
0.66	LCNB	LCNB	Pair Corr
0.77	OVLY	Oak Valley Bancorp	Pair Corr
0.62	MBLPD	Macquarie Bank	Pair Corr
0.74	VBNK	VersaBank	Pair Corr
0.64	BFL	BSP Financial Group	Pair Corr
0.68	SFBS	ServisFirst Bancshares	Pair Corr
0.72	AROW	Arrow Financial	Pair Corr
0.64	TCBI	Texas Capital Bancshares	Pair Corr
0.7	BPRN	Bank Of Princeton	Pair Corr
0.66	CADE	Cadence Bancorp	Pair Corr
0.64	CFFI	CF Financial	Pair Corr

Moving against Primis Stock

0.53

3YB

Postal Savings Bank

Pair Corr

Related Correlations Analysis

	FINW	CZFS	MBCN	JMSB	ISBA	NECB	NWFL	TSBK	LNKB	COSO
FINW		-0.02	0.11	0.23	0.1	-0.13	-0.12	0.05	-0.17	-0.09	FINW
CZFS	-0.02		0.25	0.58	0.39	0.86	0.71	0.66	0.86	0.71	CZFS
MBCN	0.11	0.25		0.51	0.39	0.41	0.28	0.28	0.24	0.37	MBCN
JMSB	0.23	0.58	0.51		0.6	0.56	0.52	0.74	0.48	0.58	JMSB
ISBA	0.1	0.39	0.39	0.6		0.48	0.1	0.77	0.45	0.49	ISBA
NECB	-0.13	0.86	0.41	0.56	0.48		0.8	0.65	0.95	0.84	NECB
NWFL	-0.12	0.71	0.28	0.52	0.1	0.8		0.46	0.74	0.7	NWFL
TSBK	0.05	0.66	0.28	0.74	0.77	0.65	0.46		0.6	0.55	TSBK
LNKB	-0.17	0.86	0.24	0.48	0.45	0.95	0.74	0.6		0.84	LNKB
COSO	-0.09	0.71	0.37	0.58	0.49	0.84	0.7	0.55	0.84		COSO
	FINW	CZFS	MBCN	JMSB	ISBA	NECB	NWFL	TSBK	LNKB	COSO

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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

LNKB	+ 0.95	NECB
NECB	+ 0.86	CZFS
LNKB	+ 0.86	CZFS
COSO	+ 0.84	NECB
COSO	+ 0.84	LNKB
NWFL	+ 0.8	NECB

High negative correlations

LNKB	- 0.17	FINW
NECB	- 0.13	FINW
NWFL	- 0.12	FINW
COSO	- 0.09	FINW
CZFS	- 0.02	FINW

Risk-Adjusted Indicators

There is a big difference between Primis Stock performing well and Primis Financial 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 Primis Financial'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
FINW	1.20	(0.11)	0.00	(0.10)	0.00	0.00	2.25	(2.52)	12.64
CZFS	1.73	0.17	0.08	0.36	1.77	(2.04)	3.96	(3.17)	10.37
MBCN	1.38	(0.04)	(0.02)	0.03	2.04	(1.32)	3.67	(2.93)	11.23
JMSB	1.35	(0.04)	0.00	(0.04)	0.00	0.00	3.19	(2.63)	7.58
ISBA	2.40	0.44	0.16	0.84	2.21	(2.78)	5.70	(3.25)	14.41
NECB	1.20	0.27	0.19	0.49	1.06	(1.54)	3.56	(1.83)	7.53
NWFL	1.22	0.19	0.14	0.35	0.96	(1.47)	3.40	(1.96)	6.83
TSBK	1.21	0.26	0.16	0.79	1.02	(1.41)	3.45	(1.95)	8.74
LNKB	1.32	0.36	0.22	0.62	1.07	(1.61)	3.41	(1.85)	8.20
COSO	0.90	0.24	0.15	3.55	0.87	(1.04)	2.54	(1.82)	6.77

Primis Financial Corporate Management

Robyn Reid	Treasurer VP	Profile
Cheryl Wood	Chief VP	Profile
Clinton CFA	CEO CoFounder	Profile
AnneStanton Gore	Executive Officer	Profile
Marie Leibson	Executive Officer	Profile
Ryan Gorney	Executive Officer	Profile
AnnStanton Gore	Executive Officer	Profile

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