Independent Bank Correlations

IBCP Stock

USD 36.32 0.26 0.72%

The current 90-days correlation between Independent Bank and Great Southern Bancorp is 0.79 (i.e., Poor diversification). The correlation of Independent Bank 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.

Independent Bank Correlation With Market

Poor diversification

The correlation between Independent Bank and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Independent Bank and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Independent Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independent Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private.

To learn how to invest in Independent Stock, please use our How to Invest in Independent Bank guide.

Moving together with Independent Stock

0.94	FBIZ	First Business Financial	Pair Corr
0.74	FCAP	First Capital Normal Trading	Pair Corr
0.68	FNWD	Finward Bancorp	Pair Corr
0.97	BWB	Bridgewater Bancshares	Pair Corr
0.91	PGC	Peapack Gladstone Normal Trading	Pair Corr
0.9	HBCP	Home Bancorp	Pair Corr
0.95	NFBK	Northfield Bancorp Earnings Call Today	Pair Corr
0.97	PFIS	Peoples Fin	Pair Corr
0.88	RRBI	Red River Bancshares	Pair Corr
0.89	CBNK	Capital Bancorp Normal Trading	Pair Corr
0.88	UNTY	Unity Bancorp	Pair Corr
0.7	NHYDY	Norsk Hydro ASA	Pair Corr
0.71	URBN	Urban Outfitters Sell-off Trend	Pair Corr
0.67	MTSFY	Mitsui Fudosan Earnings Call This Week	Pair Corr
0.67	TCX	Tucows Inc	Pair Corr

Moving against Independent Stock

0.38	BKRKY	Bank Rakyat	Pair Corr
0.32	BKRKF	PT Bank Rakyat	Pair Corr
0.7	PBCRY	Bank Central Asia	Pair Corr
0.7	ENSV	Enservco	Pair Corr

Related Correlations Analysis

	GSBC	THFF	SPFI	CAC	MCBS	SMBC	ORRF	BCAL	SMBK	CCBG
GSBC		0.93	0.87	0.85	0.88	0.93	0.92	0.45	0.87	0.96	GSBC
THFF	0.93		0.96	0.96	0.9	0.98	0.88	0.3	0.96	0.89	THFF
SPFI	0.87	0.96		0.96	0.89	0.95	0.82	0.21	0.98	0.86	SPFI
CAC	0.85	0.96	0.96		0.84	0.98	0.77	0.13	0.96	0.83	CAC
MCBS	0.88	0.9	0.89	0.84		0.88	0.9	0.45	0.92	0.86	MCBS
SMBC	0.93	0.98	0.95	0.98	0.88		0.85	0.25	0.95	0.89	SMBC
ORRF	0.92	0.88	0.82	0.77	0.9	0.85		0.64	0.82	0.89	ORRF
BCAL	0.45	0.3	0.21	0.13	0.45	0.25	0.64		0.2	0.42	BCAL
SMBK	0.87	0.96	0.98	0.96	0.92	0.95	0.82	0.2		0.85	SMBK
CCBG	0.96	0.89	0.86	0.83	0.86	0.89	0.89	0.42	0.85		CCBG
	GSBC	THFF	SPFI	CAC	MCBS	SMBC	ORRF	BCAL	SMBK	CCBG

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Risk-Adjusted Indicators

There is a big difference between Independent Stock performing well and Independent Bank 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 Independent Bank'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
GSBC	1.20	0.10	0.05	0.15	1.74	(1.27)	2.88	(2.34)	14.35
THFF	1.43	0.22	0.13	0.26	1.41	(1.68)	3.55	(2.36)	10.39
SPFI	1.18	0.20	0.16	0.24	1.09	(1.47)	2.92	(2.19)	9.15
CAC	1.46	0.37	0.23	0.33	1.23	(1.65)	3.78	(2.43)	10.30
MCBS	1.26	0.12	0.08	0.16	1.38	(1.43)	3.87	(2.71)	9.78
SMBC	1.28	0.25	0.17	0.31	1.19	(1.56)	3.00	(1.77)	10.20
ORRF	1.18	0.11	0.08	0.16	1.28	(1.46)	2.77	(2.49)	8.73
BCAL	0.92	0.03	0.01	0.11	1.21	(0.99)	2.11	(1.97)	6.44
SMBK	1.17	0.21	0.14	0.25	1.29	(1.36)	2.98	(2.13)	8.85
CCBG	1.23	0.04	0.02	0.08	1.86	(1.25)	3.11	(3.38)	9.74

Independent Bank Corporate Management

Stefanie Kimball	Chief Risk Officer and Executive VP	Profile
CPA CPA	CEO Pres	Profile
Mark Olsen	VP Mang	Profile
Keith Lightbody	Officer Bank	Profile

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