First Internet Correlations

INBK Stock

USD 21.26 0.50 2.30%

The current 90-days correlation between First Internet Bancorp and United Security Bancshares is 0.67 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Internet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Internet Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

First Internet Correlation With Market

Poor diversification

The correlation between First Internet Bancorp and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Internet Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with First Stock

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

Moving together with First Stock

0.81	BIRG	Bank of Ireland	Pair Corr
0.83	AX	Axos Financial	Pair Corr
0.62	FFIN	First Financial Bank	Pair Corr
0.76	ASB	Associated Banc Corp	Pair Corr
0.86	CPF	Central Pacific Financial	Pair Corr
0.72	FSFG	First Savings Financial	Pair Corr
0.87	HWC	Hancock Whitney Corp	Pair Corr
0.73	FUNC	First United Earnings Call Today	Pair Corr
0.85	FVCB	FVCBankcorp	Pair Corr
0.81	MCB	Metropolitan Bank Holding	Pair Corr
0.82	MTB	MT Bank	Pair Corr
0.8	WBS	Webster Financial	Pair Corr
0.85	HFWA	Heritage Financial	Pair Corr
0.78	IBOC	International Bancshares	Pair Corr
0.89	ISTR	Investar Holding Corp	Pair Corr
0.92	LCNB	LCNB	Pair Corr
0.8	OVLY	Oak Valley Bancorp	Pair Corr
0.66	MBLPD	Macquarie Bank	Pair Corr
0.87	VBNK	VersaBank	Pair Corr
0.82	BFL	BSP Financial Group	Pair Corr
0.73	SFBS	ServisFirst Bancshares	Pair Corr
0.79	AROW	Arrow Financial	Pair Corr
0.86	TCBI	Texas Capital Bancshares	Pair Corr
0.9	BPRN	Bank Of Princeton	Pair Corr
0.68	TFSL	TFS Financial	Pair Corr
0.84	BWFG	Bankwell Financial	Pair Corr
0.81	CADE	Cadence Bancorp	Pair Corr
0.63	CFFI	CF Financial	Pair Corr
0.63	FCAP	First Capital	Pair Corr

Moving against First Stock

0.83	3YB	Postal Savings Bank	Pair Corr
0.39	BBC	BNK Banking	Pair Corr
0.41	BKLRF	Berkeley Energy	Pair Corr

Related Correlations Analysis

	UBFO	MRBK	FCAP	CZWI	CBFV	PEBK	BVFL	OVBC	LARK	FNWD
UBFO		0.95	0.47	0.86	0.79	0.79	0.84	0.8	0.49	0.45	UBFO
MRBK	0.95		0.57	0.93	0.81	0.91	0.87	0.87	0.49	0.43	MRBK
FCAP	0.47	0.57		0.68	0.71	0.75	0.72	0.7	0.72	0.5	FCAP
CZWI	0.86	0.93	0.68		0.86	0.95	0.91	0.93	0.65	0.59	CZWI
CBFV	0.79	0.81	0.71	0.86		0.8	0.9	0.81	0.78	0.72	CBFV
PEBK	0.79	0.91	0.75	0.95	0.8		0.87	0.9	0.57	0.45	PEBK
BVFL	0.84	0.87	0.72	0.91	0.9	0.87		0.91	0.76	0.68	BVFL
OVBC	0.8	0.87	0.7	0.93	0.81	0.9	0.91		0.73	0.65	OVBC
LARK	0.49	0.49	0.72	0.65	0.78	0.57	0.76	0.73		0.9	LARK
FNWD	0.45	0.43	0.5	0.59	0.72	0.45	0.68	0.65	0.9		FNWD
	UBFO	MRBK	FCAP	CZWI	CBFV	PEBK	BVFL	OVBC	LARK	FNWD

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Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Internet 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 Internet'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
UBFO	1.04	0.18	0.15	0.31	0.81	(1.35)	3.25	(1.45)	5.92
MRBK	1.31	0.42	0.36	0.50	0.69	(1.76)	4.17	(1.84)	9.88
FCAP	2.98	0.36	0.08	(2.55)	3.35	(3.64)	7.27	(5.24)	20.20
CZWI	0.98	0.17	0.11	0.38	0.87	(1.15)	2.17	(1.74)	7.54
CBFV	1.30	0.20	0.09	0.47	1.43	(1.40)	3.20	(2.91)	7.46
PEBK	1.17	0.39	0.28	0.78	0.64	(1.36)	3.24	(1.51)	5.96
BVFL	1.15	0.20	0.10	0.59	1.32	(1.26)	2.87	(2.59)	9.13
OVBC	0.97	0.26	0.23	1.34	0.49	(1.32)	3.03	(1.29)	9.11
LARK	1.48	0.17	0.07	0.49	1.59	(1.68)	3.73	(3.14)	9.67
FNWD	1.38	0.19	0.09	0.53	1.42	(1.51)	3.70	(2.31)	9.57

First Internet Corporate Management

Nicole Lorch	Sr. VP of Retail Banking and Sr. VP of Retail Banking of First Internet Bank	Profile
Paula Deemer	Executive Administration	Profile
David Bybee	Senior lending	Profile
Kevin Quinn	VP Bank	Profile
Timothy Dusing	Sr Bank	Profile

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