First Savings Correlations

FSFG Stock

USD 32.64 0.24 0.73%

The current 90-days correlation between First Savings Financial and Avidbank Holdings, Common is 0.29 (i.e., Modest diversification). The correlation of First Savings 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 Savings Correlation With Market

Modest diversification

The correlation between First Savings Financial and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Savings Financial 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 Savings Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with First Stock

0.73	BY	Byline Bancorp	Pair Corr
0.69	PB	Prosperity Bancshares	Pair Corr
0.65	RF	Regions Financial	Pair Corr
0.68	VBNK	VersaBank	Pair Corr
0.74	EBMT	Eagle Bancorp Montana	Pair Corr
0.69	WASH	Washington Trust Bancorp	Pair Corr
0.71	EQBK	Equity Bancshares,	Pair Corr
0.73	EWBC	East West Bancorp	Pair Corr
0.62	WNEB	Western New England	Pair Corr
0.78	WSBC	WesBanco	Pair Corr
0.63	WSFS	WSFS Financial	Pair Corr
0.73	WTFC	Wintrust Financial	Pair Corr
0.69	FBIZ	First Business Financial	Pair Corr
0.64	FBLA	FB Bancorp, Common	Pair Corr
0.73	FCAP	First Capital	Pair Corr
0.65	FCCO	First Community	Pair Corr
0.62	FDBC	Fidelity DD Bancorp	Pair Corr
0.68	FFBC	First Financial Bancorp	Pair Corr

Moving against First Stock

0.65	601658	Postal Savings Bank	Pair Corr
0.43	BEN	Bendigo and Adelaide	Pair Corr
0.34	601997	Bank of Guiyang	Pair Corr
0.35	FINW	Finwise Bancorp	Pair Corr

Related Correlations Analysis

	AVBH	FUNC	FCCO	HWBK	VABK	LCNB	BPRN	FVCB	FRAF	CFFI
AVBH		0.75	0.71	0.65	0.73	0.75	0.58	0.72	0.63	0.66	AVBH
FUNC	0.75		0.96	0.87	0.76	0.9	0.82	0.9	0.91	0.75	FUNC
FCCO	0.71	0.96		0.89	0.76	0.9	0.83	0.92	0.91	0.76	FCCO
HWBK	0.65	0.87	0.89		0.79	0.9	0.91	0.75	0.97	0.74	HWBK
VABK	0.73	0.76	0.76	0.79		0.82	0.75	0.7	0.78	0.86	VABK
LCNB	0.75	0.9	0.9	0.9	0.82		0.88	0.83	0.91	0.86	LCNB
BPRN	0.58	0.82	0.83	0.91	0.75	0.88		0.74	0.91	0.78	BPRN
FVCB	0.72	0.9	0.92	0.75	0.7	0.83	0.74		0.76	0.74	FVCB
FRAF	0.63	0.91	0.91	0.97	0.78	0.91	0.91	0.76		0.72	FRAF
CFFI	0.66	0.75	0.76	0.74	0.86	0.86	0.78	0.74	0.72		CFFI
	AVBH	FUNC	FCCO	HWBK	VABK	LCNB	BPRN	FVCB	FRAF	CFFI

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Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Savings 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 Savings' 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
AVBH	0.78	0.04	0.01	0.13	0.86	(0.94)	1.63	(1.85)	5.98
FUNC	1.26	0.00	0.01	0.06	1.89	(1.14)	2.90	(3.45)	10.36
FCCO	1.08	0.00	0.00	0.06	1.43	(1.22)	2.60	(2.72)	8.26
HWBK	1.33	0.06	0.01	0.22	2.09	(1.25)	2.68	(2.91)	9.63
VABK	1.59	0.01	0.02	0.07	1.74	(1.74)	3.26	(2.67)	8.45
LCNB	1.35	0.04	0.02	0.10	1.68	(1.50)	2.67	(3.72)	8.02
BPRN	1.23	0.18	0.08	1.02	1.41	(1.32)	2.36	(2.57)	9.93
FVCB	1.23	0.00	(0.01)	0.06	1.48	(1.62)	2.95	(2.90)	12.04
FRAF	1.10	0.06	0.03	0.13	1.39	(1.18)	2.80	(2.51)	6.82
CFFI	1.41	0.04	0.02	0.10	1.85	(1.47)	2.87	(2.89)	8.22

First Savings Corporate Management

CPA CPA	CFO VP	Profile
Derrick CCIM	Chief bank	Profile
Lenfield Basham	Executive Officer	Profile
Jacqueline CPA	Chief Officer	Profile

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