International Bancshares Correlations

IBOC Stock

USD 67.26 0.61 0.92%

The correlation of International Bancshares 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.

International Bancshares Correlation With Market

Poor diversification

The correlation between International Bancshares and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Bancshares and DJI in the same portfolio, assuming nothing else is changed.

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

For information on how to trade International Stock refer to our How to Trade International Stock guide.

Moving together with International Stock

0.65	MBCN	Middlefield Banc Normal Trading	Pair Corr
0.62	MBIN	Merchants Bancorp	Pair Corr
0.73	MBWM	Mercantile Bank	Pair Corr
0.69	MCBS	MetroCity Bankshares	Pair Corr
0.81	AX	Axos Financial	Pair Corr
0.74	BY	Byline Bancorp	Pair Corr
0.75	RF-PE	Regions Financial	Pair Corr
0.65	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.77	PB	Prosperity Bancshares	Pair Corr
0.87	RF	Regions Financial	Pair Corr
0.76	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.74	VABK	Virginia National	Pair Corr
0.86	VBNK	VersaBank	Pair Corr
0.71	VBTX	Veritex Holdings	Pair Corr
0.78	MOFG	MidWestOne Financial	Pair Corr
0.75	TFC-PI	Truist Financial	Pair Corr
0.63	TFC-PO	Truist Financial	Pair Corr
0.69	MVBF	MVB Financial Corp	Pair Corr
0.71	MYFW	First Western Financial	Pair Corr
0.72	EBMT	Eagle Bancorp Montana	Pair Corr

Moving against International Stock

0.37	MGYR	Magyar Bancorp	Pair Corr
0.78	MSVB	Mid Southern Bancorp	Pair Corr
0.58	MBINO	Merchants Bancorp	Pair Corr

Related Correlations Analysis

	HMNF	HFBL	FFNW	FNWB	FCAP	CWBC	OFED	CULL	HTBI	CFBK
HMNF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HMNF
HFBL	0.0		-0.64	-0.14	-0.2	-0.48	-0.59	-0.19	-0.34	-0.61	HFBL
FFNW	0.0	-0.64		0.23	0.37	0.51	0.75	0.31	0.45	0.79	FFNW
FNWB	0.0	-0.14	0.23		-0.43	0.68	-0.04	-0.17	0.69	0.38	FNWB
FCAP	0.0	-0.2	0.37	-0.43		-0.45	0.64	0.22	-0.21	0.12	FCAP
CWBC	0.0	-0.48	0.51	0.68	-0.45		0.14	-0.06	0.73	0.72	CWBC
OFED	0.0	-0.59	0.75	-0.04	0.64	0.14		0.36	0.3	0.64	OFED
CULL	0.0	-0.19	0.31	-0.17	0.22	-0.06	0.36		-0.34	0.09	CULL
HTBI	0.0	-0.34	0.45	0.69	-0.21	0.73	0.3	-0.34		0.7	HTBI
CFBK	0.0	-0.61	0.79	0.38	0.12	0.72	0.64	0.09	0.7		CFBK
	HMNF	HFBL	FFNW	FNWB	FCAP	CWBC	OFED	CULL	HTBI	CFBK

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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

CFBK	+ 0.79	FFNW
OFED	+ 0.75	FFNW
HTBI	+ 0.73	CWBC
CFBK	+ 0.72	CWBC
CFBK	+ 0.7	HTBI
HTBI	+ 0.69	FNWB

High negative correlations

FFNW	- 0.64	HFBL
CFBK	- 0.61	HFBL
OFED	- 0.59	HFBL
CWBC	- 0.48	HFBL
CWBC	- 0.45	FCAP
FCAP	- 0.43	FNWB

Risk-Adjusted Indicators

There is a big difference between International Stock performing well and International Bancshares 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 International Bancshares' 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
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HFBL	1.48	0.08	(0.01)	(0.16)	2.08	(2.18)	5.67	(4.53)	13.83
FFNW	0.80	(0.12)	0.00	(0.35)	0.00	0.00	1.58	(1.74)	4.32
FNWB	1.26	(0.02)	(0.04)	0.06	1.53	(1.38)	2.98	(2.74)	8.98
FCAP	1.57	(0.06)	0.00	0.54	0.00	0.00	4.54	(3.38)	11.75
CWBC	1.08	0.05	(0.02)	0.51	1.27	(1.16)	2.53	(1.95)	11.26
OFED	2.13	(0.27)	0.00	(0.85)	0.00	0.00	3.48	(5.28)	12.66
CULL	0.51	(0.10)	0.00	0.50	0.00	0.00	1.18	(1.64)	4.73
HTBI	1.51	0.13	0.05	0.31	1.66	(1.79)	2.80	(2.27)	18.89
CFBK	2.01	(0.17)	0.00	(0.02)	0.00	0.00	4.26	(4.08)	17.86

International Bancshares Corporate Management

Jay Rogers	Texas Houston	Profile
Mike Sohn	CEO Antonio	Profile
Ignacio Urrabazo	CEO Laredo	Profile
Hector Cerna	CEO Pass	Profile

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