First Savings Correlations

FSFG Stock

USD 33.75 0.34 1.02%

The current 90-days correlation between First Savings Financial and Avidbank Holdings Common is 0.54 (i.e., Very weak 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

Poor diversification

The correlation between First Savings Financial and DJI is 0.76 (i.e., Poor 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

0.71	BIRG	Bank of Ireland	Pair Corr
0.75	NPB	Northpointe Bancshares	Pair Corr
0.63	BOQPG	Bank of Queensland	Pair Corr
0.63	601187	Xiamen Bank	Pair Corr
0.93	MSBI	Midland States Bancorp	Pair Corr
0.73	MBLPD	Macquarie Bank	Pair Corr
0.84	VBNK	VersaBank	Pair Corr
0.87	LB	Laurentian Bank	Pair Corr
0.71	BFL	BSP Financial Group	Pair Corr
0.93	SMBK	SmartFinancial Normal Trading	Pair Corr
0.74	AIZ	Assurant	Pair Corr
0.89	AAL	American Airlines Earnings Call This Week	Pair Corr
0.84	FIVE	Five Below	Pair Corr
0.68	ZYME	Zymeworks Common Stock	Pair Corr
0.82	FCAP	First Capital	Pair Corr
0.81	KEYS	Keysight Technologies	Pair Corr
0.63	IDYA	Ideaya Biosciences	Pair Corr
0.74	KGC	Kinross Gold Aggressive Push	Pair Corr

Moving against First Stock

0.85	601665	Qilu Bank	Pair Corr
0.85	ROBOF	RoboGroup TEK	Pair Corr
0.82	601658	Postal Savings Bank	Pair Corr
0.8	BETRW	Better Home Finance	Pair Corr
0.71	CDIV	Cascadia Investments	Pair Corr
0.66	EQC	Equity Commonwealth	Pair Corr
0.74	AUHIF	Advance United Holdings	Pair Corr

Related Correlations Analysis

	AVBH	FUNC	FCCO	HWBK	VABK	LCNB	BPRN	FVCB	FRAF	CFFI
AVBH		0.76	0.78	0.59	0.71	0.82	0.67	0.79	0.6	0.67	AVBH
FUNC	0.76		0.92	0.83	0.79	0.87	0.79	0.74	0.9	0.75	FUNC
FCCO	0.78	0.92		0.85	0.74	0.92	0.86	0.83	0.9	0.74	FCCO
HWBK	0.59	0.83	0.85		0.72	0.78	0.73	0.59	0.89	0.66	HWBK
VABK	0.71	0.79	0.74	0.72		0.71	0.59	0.57	0.72	0.8	VABK
LCNB	0.82	0.87	0.92	0.78	0.71		0.91	0.89	0.83	0.78	LCNB
BPRN	0.67	0.79	0.86	0.73	0.59	0.91		0.86	0.82	0.68	BPRN
FVCB	0.79	0.74	0.83	0.59	0.57	0.89	0.86		0.65	0.66	FVCB
FRAF	0.6	0.9	0.9	0.89	0.72	0.83	0.82	0.65		0.62	FRAF
CFFI	0.67	0.75	0.74	0.66	0.8	0.78	0.68	0.66	0.62		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	0.83	0.09	0.06	0.23	0.79	(1.01)	1.91	(1.60)	6.08
FUNC	1.27	0.14	0.09	0.24	1.21	(1.32)	3.79	(2.47)	10.37
FCCO	0.98	0.12	0.07	0.27	0.92	(1.19)	2.40	(2.27)	5.69
HWBK	1.60	0.18	0.05	0.69	1.97	(1.68)	3.18	(2.95)	12.58
VABK	1.51	0.00	0.00	0.09	1.42	(1.82)	3.27	(2.27)	7.94
LCNB	1.31	0.24	0.15	0.43	1.22	(1.61)	3.48	(2.08)	8.02
BPRN	1.21	0.28	0.17	0.52	1.14	(1.40)	3.27	(2.68)	9.93
FVCB	1.16	0.31	0.20	0.52	0.92	(1.41)	2.95	(2.03)	8.91
FRAF	1.44	0.20	0.10	0.32	1.44	(1.55)	3.20	(2.53)	11.09
CFFI	1.38	0.06	0.01	0.21	1.69	(1.50)	3.49	(2.75)	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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