Independent Bank Correlations

IBCP Stock

USD 34.75 1.19 3.31%

The current 90-days correlation between Independent Bank and Great Southern Bancorp is 0.13 (i.e., Average 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

Very weak diversification

The correlation between Independent Bank and DJI is 0.55 (i.e., Very weak 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 unemployment.

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

Moving together with Independent Stock

0.69	BNPH	BNP PARIBAS ADR	Pair Corr
0.7	AX	Axos Financial	Pair Corr
0.88	BY	Byline Bancorp	Pair Corr
0.69	RF	Regions Financial Downward Rally	Pair Corr
0.67	HH1	Hancock Whitney	Pair Corr
0.7	BCVN	Banque Cantonale Vaudoise	Pair Corr
0.71	LLBN	Liechtensteinische	Pair Corr
0.69	SANB	SANTANDER UK 8	Pair Corr
0.63	PWT	TFS Financial	Pair Corr
0.66	BEN	Bendigo and Adelaide	Pair Corr
0.66	B4M1	SpareBank 1 SR	Pair Corr
0.74	UIO	ATLANTIC UNION BANKSDL	Pair Corr
0.63	FRYA	Swedbank AB	Pair Corr
0.78	VNB	Valley National Bancorp	Pair Corr
0.74	BRE	Banco Bradesco SA	Pair Corr
0.74	EBMT	Eagle Bancorp Montana	Pair Corr
0.71	ECBK	ECB Bancorp	Pair Corr
0.71	BNP	BNP Paribas SA	Pair Corr
0.88	EFSC	Enterprise Financial	Pair Corr
0.83	EGBN	Eagle Bancorp	Pair Corr
0.66	HSBK	Halyk Bank	Pair Corr
0.79	BCGE	Banque Cantonale	Pair Corr
0.83	WABC	Westamerica Bancorporation	Pair Corr
0.88	WASH	Washington Trust Bancorp	Pair Corr

Moving against Independent Stock

0.55

3YB

Postal Savings Bank

Pair Corr

Related Correlations Analysis

	GSBC	THFF	SPFI	CAC	MCBS	SMBC	ORRF	BCAL	SMBK	CCBG
GSBC		0.71	0.66	0.59	0.69	0.73	0.7	0.21	0.64	0.78	GSBC
THFF	0.71		0.97	0.97	0.94	0.98	0.78	-0.11	0.97	0.38	THFF
SPFI	0.66	0.97		0.96	0.92	0.96	0.74	-0.19	0.98	0.39	SPFI
CAC	0.59	0.97	0.96		0.87	0.97	0.66	-0.28	0.96	0.28	CAC
MCBS	0.69	0.94	0.92	0.87		0.9	0.89	0.09	0.94	0.36	MCBS
SMBC	0.73	0.98	0.96	0.97	0.9		0.72	-0.19	0.96	0.39	SMBC
ORRF	0.7	0.78	0.74	0.66	0.89	0.72		0.42	0.78	0.44	ORRF
BCAL	0.21	-0.11	-0.19	-0.28	0.09	-0.19	0.42		-0.15	0.18	BCAL
SMBK	0.64	0.97	0.98	0.96	0.94	0.96	0.78	-0.15		0.33	SMBK
CCBG	0.78	0.38	0.39	0.28	0.36	0.39	0.44	0.18	0.33		CCBG
	GSBC	THFF	SPFI	CAC	MCBS	SMBC	ORRF	BCAL	SMBK	CCBG

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SMBC	+ 0.98	THFF
SMBK	+ 0.98	SPFI
SPFI	+ 0.97	THFF
CAC	+ 0.97	THFF
SMBK	+ 0.97	THFF
SMBC	+ 0.97	CAC

High negative correlations

BCAL	- 0.28	CAC
BCAL	- 0.19	SMBC
BCAL	- 0.19	SPFI
SMBK	- 0.15	BCAL
BCAL	- 0.11	THFF

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	0.00	0.00	0.08	1.97	(1.23)	2.52	(2.86)	14.35
THFF	1.39	0.10	0.06	0.19	1.45	(1.61)	2.59	(2.36)	10.39
SPFI	1.10	0.05	0.03	0.14	1.23	(1.30)	2.81	(2.00)	9.15
CAC	1.52	0.14	0.08	0.18	1.77	(1.68)	3.58	(3.62)	10.59
MCBS	1.22	0.05	0.03	0.13	1.35	(1.39)	2.85	(2.45)	9.79
SMBC	1.30	0.10	0.06	0.18	1.52	(1.47)	3.09	(2.46)	10.17
ORRF	1.28	(0.03)	(0.02)	0.05	1.77	(1.38)	2.73	(3.83)	9.26
BCAL	0.92	(0.09)	0.00	(0.06)	0.00	0.00	2.11	(2.16)	5.15
SMBK	1.20	0.06	0.04	0.14	1.56	(1.36)	3.03	(2.25)	8.87
CCBG	1.17	0.00	(0.01)	0.08	1.84	(1.12)	3.11	(2.90)	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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