IF Bancorp Correlations

IROQ Stock

USD 27.72 0.30 1.07%

The correlation of IF Bancorp 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.

IF Bancorp Correlation With Market

Very poor diversification

The correlation between IF Bancorp and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IF Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IROQ Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IF 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 metropolitan statistical area.

To learn how to invest in IROQ Stock, please use our How to Invest in IF Bancorp guide.

Moving together with IROQ Stock

0.93	BNPH	BNP PARIBAS ADR	Pair Corr
0.73	BIRG	Bank of Ireland	Pair Corr
0.81	AON0	AOZORA BANK LTD	Pair Corr
0.91	AX	Axos Financial	Pair Corr
0.88	BY	Byline Bancorp	Pair Corr
0.78	KBN	Komplett Bank ASA	Pair Corr
0.78	PB	Prosperity Bancshares	Pair Corr
0.89	RF	Regions Financial Earnings Call This Week	Pair Corr
0.89	HH1	Hancock Whitney	Pair Corr
0.9	BCVN	Banque Cantonale Vaudoise	Pair Corr
0.92	LLBN	Liechtensteinische Earnings Call This Week	Pair Corr
0.92	VBNK	VersaBank	Pair Corr
0.92	SANB	SANTANDER UK 8	Pair Corr
0.94	B4M1	SpareBank 1 SR	Pair Corr
0.92	UIO	ATLANTIC UNION BANKSDL	Pair Corr
0.78	WBCPK	Westpac Banking	Pair Corr
0.89	FRYA	Swedbank AB	Pair Corr
0.88	VNB	Valley National Bancorp	Pair Corr
0.67	CBAPM	Commonwealth Bank	Pair Corr
0.93	EBMT	Eagle Bancorp Montana	Pair Corr
0.92	BNP	BNP Paribas SA	Pair Corr
0.8	EFSC	Enterprise Financial	Pair Corr
0.89	EGBN	Eagle Bancorp	Pair Corr
0.89	HSBK	Halyk Bank	Pair Corr
0.66	PFZ	Pinnacle Financial	Pair Corr
0.82	BCGE	Banque Cantonale	Pair Corr
0.84	WABC	Westamerica Bancorporation	Pair Corr
0.64	WAFD	Washington Federal	Pair Corr
0.83	WASH	Washington Trust Bancorp	Pair Corr

Moving against IROQ Stock

0.73	3YB	Postal Savings Bank	Pair Corr
0.49	ICBA	ICICI Bank Limited	Pair Corr
0.42	C3B	Chongqing Rural Comm	Pair Corr
0.38	D7C	China CITIC Bank	Pair Corr

Related Correlations Analysis

	TMEB	SNRY	TYTN	PMBY	WNCG	PBAJ	EXBX	NXTYQ	PMPG	LLND
TMEB		0.0	0.0	0.0	1.0	0.0	1.0	1.0	0.0	1.0	TMEB
SNRY	0.0		0.09	0.02	0.0	0.41	0.0	0.0	0.18	0.0	SNRY
TYTN	0.0	0.09		0.82	0.0	0.37	0.0	0.0	0.4	0.0	TYTN
PMBY	0.0	0.02	0.82		0.0	0.41	0.0	0.0	0.15	0.0	PMBY
WNCG	1.0	0.0	0.0	0.0		0.0	1.0	1.0	0.0	1.0	WNCG
PBAJ	0.0	0.41	0.37	0.41	0.0		0.0	0.0	0.58	0.0	PBAJ
EXBX	1.0	0.0	0.0	0.0	1.0	0.0		1.0	0.0	1.0	EXBX
NXTYQ	1.0	0.0	0.0	0.0	1.0	0.0	1.0		0.0	1.0	NXTYQ
PMPG	0.0	0.18	0.4	0.15	0.0	0.58	0.0	0.0		0.0	PMPG
LLND	1.0	0.0	0.0	0.0	1.0	0.0	1.0	1.0	0.0		LLND
	TMEB	SNRY	TYTN	PMBY	WNCG	PBAJ	EXBX	NXTYQ	PMPG	LLND

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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

WNCG	+ 1.0	TMEB
EXBX	+ 1.0	TMEB
NXTYQ	+ 1.0	TMEB
LLND	+ 1.0	TMEB
EXBX	+ 1.0	WNCG
NXTYQ	+ 1.0	WNCG

High negative correlations

LLND	- 0.0	PMPG
PMPG	- 0.0	NXTYQ
PMPG	- 0.0	EXBX
LLND	- 0.0	PBAJ
NXTYQ	- 0.0	PBAJ
EXBX	- 0.0	PBAJ

Risk-Adjusted Indicators

There is a big difference between IROQ Stock performing well and IF Bancorp 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 IF Bancorp'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
TMEB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SNRY	40.17	15.51	0.29	(0.96)	25.71	(88.25)	125.00	(55.56)	180.56
TYTN	52.48	22.88	0.00	0.55	0.00	0.00	0.00	0.00	1,742
PMBY	5.97	2.99	0.00	6.14	0.00	0.00	0.00	0.00	200.00
WNCG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PBAJ	4.48	2.19	0.00	1.99	0.00	0.00	0.00	0.00	150.00
EXBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NXTYQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PMPG	17.31	4.43	0.10	0.50	15.42	(68.52)	100.00	(50.00)	150.00
LLND	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

IF Bancorp Corporate Management

Thomas Chamberlain	Executive VP, Executive VP of Iroquois Federal and Chief Lending Officer of Iroquois Federal	Profile
T Morris	Chief EVP	Profile
Ashtyn Barrett	Corporate Secretary	Profile
Beth Warren	Corporate Secretary	Profile

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