First State Correlations

Summary

FSTFDelisted Stock

USD 0.04 0.00 0.00%

The current 90-days correlation between First State Financial and First Interstate BancSystem is 0.04 (i.e., Significant diversification). The correlation of First State 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 State Correlation With Market

Good diversification

The correlation between First State Financial and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First State Financial and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to First State could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First State when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First State - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First State Financial to buy it.

Moving together with First Pink Sheet

0.65	AX	Axos Financial	Pair Corr
0.66	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.69	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.76	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.79	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.81	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.78	TECTP	Tectonic Financial	Pair Corr
0.76	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.7	EBTC	Enterprise Bancorp	Pair Corr
0.72	ECBK	ECB Bancorp	Pair Corr
0.61	CFG-PH	Citizens Financial Group,	Pair Corr
0.73	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.87	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.67	KEY-PL	KeyCorp	Pair Corr
0.73	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.86	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.64	WCFB	WCF Bancorp	Pair Corr
0.76	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.66	ESSA	ESSA Bancorp	Pair Corr
0.67	EVBN	Evans Bancorp	Pair Corr
0.75	WSBCP	WesBanco	Pair Corr
0.81	WMPN	William Penn Bancorp	Pair Corr

Moving against First Pink Sheet

0.6	TFC-PO	Truist Financial	Pair Corr
0.58	WF	Woori Financial Group	Pair Corr
0.55	TFC-PR	Truist Financial	Pair Corr
0.49	CFG-PE	Citizens Financial	Pair Corr
0.43	FRCIL	First Republic Bank	Pair Corr
0.35	FRCCL	First Republic Bank	Pair Corr
0.35	FRCHL	First Republic Bank	Pair Corr
0.35	FRCML	First Republic Bank	Pair Corr
0.34	FRCKL	First Republic Bank	Pair Corr
0.33	WBBW	Westbury Bancorp	Pair Corr
0.32	FRCLL	First Republic Bank	Pair Corr

Related Correlations Analysis

	FIBK	FFIN	IBTX	CVBF	EBMT	KEY	FITB	RF	NYCB	ZION
FIBK		0.94	0.96	0.95	0.75	0.95	0.95	0.94	0.72	0.94	FIBK
FFIN	0.94		0.96	0.91	0.71	0.93	0.93	0.92	0.71	0.88	FFIN
IBTX	0.96	0.96		0.94	0.75	0.96	0.94	0.93	0.7	0.92	IBTX
CVBF	0.95	0.91	0.94		0.8	0.98	0.97	0.98	0.7	0.98	CVBF
EBMT	0.75	0.71	0.75	0.8		0.77	0.87	0.8	0.71	0.75	EBMT
KEY	0.95	0.93	0.96	0.98	0.77		0.96	0.98	0.68	0.97	KEY
FITB	0.95	0.93	0.94	0.97	0.87	0.96		0.97	0.76	0.94	FITB
RF	0.94	0.92	0.93	0.98	0.8	0.98	0.97		0.66	0.97	RF
NYCB	0.72	0.71	0.7	0.7	0.71	0.68	0.76	0.66		0.67	NYCB
ZION	0.94	0.88	0.92	0.98	0.75	0.97	0.94	0.97	0.67		ZION
	FIBK	FFIN	IBTX	CVBF	EBMT	KEY	FITB	RF	NYCB	ZION

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Risk-Adjusted Indicators

There is a big difference between First Pink Sheet performing well and First State 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 State'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
FIBK	1.61	0.00	0.09	0.12	1.70	(1.76)	3.62	(3.20)	18.74
FFIN	1.50	0.03	0.14	0.13	1.17	(1.76)	3.23	(2.03)	17.03
IBTX	1.71	(0.01)	0.10	0.12	1.55	(2.06)	3.90	(3.04)	17.98
CVBF	1.74	0.23	0.25	0.21	1.23	(2.08)	4.67	(2.48)	21.39
EBMT	0.82	0.21	0.24	0.36	0.24	(1.19)	3.05	(0.87)	8.24
KEY	1.44	0.01	0.12	0.12	1.36	(1.66)	3.06	(2.54)	19.76
FITB	1.09	0.05	0.10	0.15	0.97	(1.21)	2.39	(2.01)	10.60
RF	1.19	0.11	0.18	0.18	0.89	(1.54)	2.82	(1.66)	14.81
NYCB	2.76	(0.03)	(0.02)	0.08	3.60	(2.82)	7.58	(6.28)	17.14
ZION	1.69	0.08	0.15	0.15	1.49	(1.97)	3.62	(2.89)	20.65

View First State Related Equities

First Interstate BancSystem First Financial Bankshares Independent Bank Group CVB Financial Eagle Bancorp Montana KeyCorp Fifth Third Bancorp Regions Financial New York Community Zions Bancorporation Huntington Bancshares Incorporated Comerica Western Alliance Bancorporation US Bancorp Truist Financial Corp

Risk & Return

Correlation

First State Corporate Executives

Elected by the shareholders, the First State's board of directors comprises two types of representatives: First State inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First State's management team and ensure that shareholders' interests are well served. First State's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First State's outside directors are responsible for providing unbiased perspectives on the board's policies.

Dennis Grinsteiner

CFO, Principal Accounting Officer, Executive VP, CFO of First State Bank and Executive VP of First State Bank

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Still Interested in First State Financial?

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