Investar Holding Correlations

ISTR Stock

USD 24.36 0.54 2.27%

The current 90-days correlation between Investar Holding Corp and HMN Financial is -0.06 (i.e., Good diversification). The correlation of Investar Holding 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.

Investar Holding Correlation With Market

Poor diversification

The correlation between Investar Holding Corp and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Investar Holding Corp 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 Investar Holding Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Investar Stock

0.86	AX	Axos Financial	Pair Corr
0.85	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.91	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.97	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.66	VABK	Virginia National	Pair Corr
0.96	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.98	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.85	TECTP	Tectonic Financial	Pair Corr
0.87	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.95	EBTC	Enterprise Bancorp	Pair Corr
0.81	ECBK	ECB Bancorp	Pair Corr
0.68	CFG-PH	Citizens Financial Group,	Pair Corr
0.92	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.98	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.7	KEY-PJ	KeyCorp	Pair Corr
0.74	KEY-PK	KeyCorp	Pair Corr
0.72	KEY-PL	KeyCorp	Pair Corr
0.89	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.96	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.96	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.84	ESSA	ESSA Bancorp	Pair Corr
0.86	EVBN	Evans Bancorp	Pair Corr
0.97	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.85	WSBCP	WesBanco	Pair Corr
0.93	WMPN	William Penn Bancorp	Pair Corr

Moving against Investar Stock

0.53	TFC-PO	Truist Financial	Pair Corr
0.5	WF	Woori Financial Group	Pair Corr
0.46	TFC-PR	Truist Financial	Pair Corr
0.43	CFG-PE	Citizens Financial	Pair Corr
0.5	FRCIL	First Republic Bank	Pair Corr
0.4	FRCHL	First Republic Bank	Pair Corr
0.39	FRCCL	First Republic Bank	Pair Corr
0.39	FRCKL	First Republic Bank	Pair Corr

Related Correlations Analysis

	HVBC	HMNF	MGYR	OFED	CULL	HFBL	CWBC	FNWB	CIZN
HVBC		0.4	0.68	-0.25	-0.54	0.03	0.25	-0.12	-0.33	HVBC
HMNF	0.4		0.51	-0.34	-0.5	-0.12	0.23	0.12	-0.62	HMNF
MGYR	0.68	0.51		-0.39	-0.62	0.08	0.55	0.21	-0.44	MGYR
OFED	-0.25	-0.34	-0.39		0.36	-0.16	0.28	0.46	0.72	OFED
CULL	-0.54	-0.5	-0.62	0.36		0.11	-0.23	-0.11	0.39	CULL
HFBL	0.03	-0.12	0.08	-0.16	0.11		-0.04	0.02	-0.07	HFBL
CWBC	0.25	0.23	0.55	0.28	-0.23	-0.04		0.53	0.09	CWBC
FNWB	-0.12	0.12	0.21	0.46	-0.11	0.02	0.53		0.23	FNWB
CIZN	-0.33	-0.62	-0.44	0.72	0.39	-0.07	0.09	0.23		CIZN
	HVBC	HMNF	MGYR	OFED	CULL	HFBL	CWBC	FNWB	CIZN

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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

CIZN	+ 0.72	OFED
MGYR	+ 0.68	HVBC
CWBC	+ 0.55	MGYR
FNWB	+ 0.53	CWBC
MGYR	+ 0.51	HMNF
FNWB	+ 0.46	OFED

High negative correlations

CULL	- 0.62	MGYR
CIZN	- 0.62	HMNF
CULL	- 0.54	HVBC
CULL	- 0.5	HMNF
CIZN	- 0.44	MGYR
OFED	- 0.39	MGYR

Risk-Adjusted Indicators

There is a big difference between Investar Stock performing well and Investar Holding 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 Investar Holding'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
HVBC	1.51	0.38	0.08	(0.95)	2.03	(1.59)	2.68	(4.11)	18.63
HMNF	1.88	0.44	0.12	(1.02)	1.85	(2.37)	4.29	(3.19)	13.15
MGYR	0.62	0.10	0.00	0.71	0.55	(0.72)	1.63	(1.22)	3.88
OFED	2.13	(0.22)	0.00	1.42	0.00	0.00	3.48	(5.28)	12.66
CULL	0.51	(0.10)	0.00	0.95	0.00	0.00	1.18	(1.64)	4.73
HFBL	1.73	(0.02)	(0.01)	0.09	2.43	(3.09)	3.82	(4.31)	21.70
CWBC	1.07	0.04	0.06	0.15	1.07	(1.19)	2.64	(2.16)	9.14
FNWB	1.60	0.07	0.02	0.23	1.70	(1.81)	4.11	(2.82)	14.21
CIZN	0.88	(0.07)	0.00	0.80	0.00	0.00	3.00	(2.14)	6.16

Investar Holding Corporate Management

Rachel Cherco	Chief Accounting Officer, Executive VP, Executive VP of Investar Bank and Chief Accounting Officer of Investar Bank	Profile
Randolf Kassmeier	Executive VP, General Counsel, Secretary, Executive VP of Investar Bank, General Counsel of Investar Bank and Secretary of Investar Bank	Profile
Jeffrey Martin	Executive Officer	Profile
Candace LeBlanc	Ex Officer	Profile
Jeffery Blum	Executive Banking	Profile

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