Independent Bank Correlations

IBCP Stock

USD 32.84 0.65 2.02%

The current 90-days correlation between Independent Bank and Great Southern Bancorp is 0.74 (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

Significant diversification

The correlation between Independent Bank and DJI is 0.09 (i.e., Significant 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 manufacturing.

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

Moving together with Independent Stock

0.61	BIRG	Bank of Ireland	Pair Corr
0.7	EBMT	Eagle Bancorp Montana	Pair Corr
0.81	FCAP	First Capital	Pair Corr
0.83	FFBC	First Financial Bancorp	Pair Corr
0.79	BOH	Bank of Hawaii	Pair Corr
0.87	CAC	Camden National	Pair Corr
0.84	MPB	Mid Penn Bancorp	Pair Corr
0.94	PFS	Provident Financial	Pair Corr
0.84	TFC	Truist Financial Corp	Pair Corr
0.66	WAL	Western Alliance Ban	Pair Corr
0.88	GSBC	Great Southern Bancorp	Pair Corr
0.86	HBAN	Huntington Bancshares	Pair Corr
0.9	HOMB	Home BancShares	Pair Corr
0.8	HTBK	Heritage Commerce Corp	Pair Corr
0.91	MCBS	MetroCity Bankshares	Pair Corr
0.94	ORRF	Orrstown Financial	Pair Corr
0.72	PNBK	Patriot National Bancorp	Pair Corr
0.85	PNFP	Pinnacle Financial	Pair Corr
0.86	QCRH	QCR Holdings	Pair Corr
0.69	RMBI	Richmond Mutual Banc	Pair Corr
0.67	AFBI	Affinity Bancshares	Pair Corr
0.79	SBFG	SB Financial Group	Pair Corr
0.86	SMBC	Southern Missouri Bancorp	Pair Corr
0.9	SPFI	South Plains Financial	Pair Corr
0.63	BCAL	Southern California	Pair Corr
0.84	BOKF	BOK Financial	Pair Corr

Moving against Independent Stock

0.61	601658	Postal Savings Bank	Pair Corr
0.44	LDI	Loandepot	Pair Corr
0.62	601665	Qilu Bank	Pair Corr
0.74	CMWCF	Cromwell Property	Pair Corr
0.45	BYFC	Broadway Financial	Pair Corr
0.34	HCMC	Healthier Choices	Pair Corr

Related Correlations Analysis

	GSBC	THFF	SPFI	CAC	MCBS	SMBC	ORRF	BCAL	SMBK	CCBG
GSBC		0.86	0.95	0.85	0.9	0.82	0.83	0.5	0.84	0.98	GSBC
THFF	0.86		0.87	0.98	0.82	0.98	0.95	0.8	0.96	0.86	THFF
SPFI	0.95	0.87		0.84	0.91	0.82	0.85	0.5	0.88	0.96	SPFI
CAC	0.85	0.98	0.84		0.79	0.98	0.89	0.79	0.94	0.84	CAC
MCBS	0.9	0.82	0.91	0.79		0.77	0.84	0.52	0.88	0.93	MCBS
SMBC	0.82	0.98	0.82	0.98	0.77		0.91	0.83	0.93	0.82	SMBC
ORRF	0.83	0.95	0.85	0.89	0.84	0.91		0.82	0.93	0.85	ORRF
BCAL	0.5	0.8	0.5	0.79	0.52	0.83	0.82		0.75	0.49	BCAL
SMBK	0.84	0.96	0.88	0.94	0.88	0.93	0.93	0.75		0.87	SMBK
CCBG	0.98	0.86	0.96	0.84	0.93	0.82	0.85	0.49	0.87		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	1.17	0.04	(0.01)	1.53	2.32	(1.13)	2.61	(2.34)	13.60
THFF	1.42	0.22	0.09	3.92	1.45	(1.72)	3.51	(2.84)	10.03
SPFI	1.16	0.04	(0.03)	(0.89)	1.45	(1.40)	2.67	(2.22)	7.69
CAC	1.35	0.24	0.11	1.37	1.38	(1.46)	3.72	(2.43)	8.03
MCBS	1.08	0.00	(0.05)	(0.03)	1.41	(1.11)	2.43	(2.63)	7.34
SMBC	1.26	0.23	0.08	2.70	1.65	(1.33)	2.98	(2.45)	7.89
ORRF	1.18	0.09	0.02	0.79	1.36	(1.49)	3.15	(2.49)	7.91
BCAL	1.11	0.18	0.09	0.93	1.19	(1.33)	2.72	(2.06)	7.88
SMBK	1.14	0.08	0.01	0.47	1.50	(1.19)	2.96	(2.27)	7.77
CCBG	1.22	0.02	(0.03)	(0.68)	1.72	(1.23)	3.09	(2.95)	8.31

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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