1st Source Correlations

SRCE Stock

USD 63.76 0.96 1.48%

The current 90-days correlation between 1st Source and ST Bancorp is 0.76 (i.e., Poor diversification). The correlation of 1st Source 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.

1st Source Correlation With Market

Very weak diversification

The correlation between 1st Source and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 1st Source and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with 1st Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in 1st Source. 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.

For information on how to trade 1st Stock refer to our How to Trade 1st Stock guide.

Moving together with 1st Stock

0.85	BIRG	Bank of Ireland	Pair Corr
0.9	FBNC	First Bancorp Normal Trading	Pair Corr
0.72	AUB	Atlantic Union Bankshares Normal Trading	Pair Corr
0.82	CCB	Coastal Financial Corp	Pair Corr
0.72	FCF	First Commonwealth	Pair Corr
0.82	FRME	First Merchants	Pair Corr
0.93	FNB	FNB Corp	Pair Corr
0.95	HTH	Hilltop Holdings	Pair Corr
0.83	FVCB	FVCBankcorp	Pair Corr
0.87	ONB	Old National Bancorp	Pair Corr
0.92	GABC	German American Bancorp	Pair Corr
0.97	TMP	Tompkins Financial	Pair Corr
0.79	601187	Xiamen Bank	Pair Corr
0.85	NBHC	National Bank Holdings Normal Trading	Pair Corr
0.93	NBTB	NBT Bancorp	Pair Corr
0.63	VBNK	VersaBank	Pair Corr
0.85	LB	Laurentian Bank	Pair Corr
0.65	AFBI	Affinity Bancshares	Pair Corr
0.91	SBFG	SB Financial Group	Pair Corr
0.91	AROW	Arrow Financial	Pair Corr
0.91	SRBK	SR Bancorp Common	Pair Corr
0.98	STBA	ST Bancorp	Pair Corr
0.86	BANR	Banner	Pair Corr
0.91	STEL	Stellar Bancorp	Pair Corr
0.93	BHRB	Burke Herbert Financial	Pair Corr
0.97	TCBK	TriCo Bancshares	Pair Corr

Moving against 1st Stock

0.73	601658	Postal Savings Bank	Pair Corr
0.69	601665	Qilu Bank	Pair Corr
0.44	SFBC	Sound Financial Bancorp	Pair Corr

Related Correlations Analysis

	STBA	LKFN	TCBK	GABC	FRME	MBIN	STEL	NBHC	FCF	LOB
STBA		-0.15	0.98	0.89	0.75	0.82	0.9	0.78	0.66	0.29	STBA
LKFN	-0.15		-0.22	0.01	0.3	0.06	0.14	0.24	0.16	0.5	LKFN
TCBK	0.98	-0.22		0.88	0.74	0.83	0.89	0.77	0.67	0.29	TCBK
GABC	0.89	0.01	0.88		0.78	0.85	0.82	0.8	0.64	0.4	GABC
FRME	0.75	0.3	0.74	0.78		0.9	0.85	0.97	0.89	0.82	FRME
MBIN	0.82	0.06	0.83	0.85	0.9		0.84	0.94	0.84	0.66	MBIN
STEL	0.9	0.14	0.89	0.82	0.85	0.84		0.88	0.73	0.51	STEL
NBHC	0.78	0.24	0.77	0.8	0.97	0.94	0.88		0.89	0.79	NBHC
FCF	0.66	0.16	0.67	0.64	0.89	0.84	0.73	0.89		0.77	FCF
LOB	0.29	0.5	0.29	0.4	0.82	0.66	0.51	0.79	0.77		LOB
	STBA	LKFN	TCBK	GABC	FRME	MBIN	STEL	NBHC	FCF	LOB

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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

TCBK	+ 0.98	STBA
NBHC	+ 0.97	FRME
NBHC	+ 0.94	MBIN
STEL	+ 0.9	STBA
MBIN	+ 0.9	FRME
GABC	+ 0.89	STBA

High negative correlations

TCBK	- 0.22	LKFN
LKFN	- 0.15	STBA

Risk-Adjusted Indicators

There is a big difference between 1st Stock performing well and 1st Source 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 1st Source'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
STBA	1.18	0.04	0.02	0.12	1.58	(1.24)	2.19	(2.94)	8.23
LKFN	1.23	(0.23)	0.00	(0.13)	0.00	0.00	2.84	(3.07)	8.30
TCBK	1.19	0.07	0.05	0.14	1.43	(1.23)	3.41	(2.09)	8.88
GABC	1.11	(0.02)	(0.02)	0.06	1.20	(1.34)	3.00	(2.70)	6.66
FRME	1.10	(0.07)	(0.04)	0.02	1.48	(1.13)	2.64	(2.59)	7.20
MBIN	1.38	0.07	0.05	0.14	1.58	(1.45)	3.30	(2.63)	8.29
STEL	1.07	(0.02)	(0.02)	0.06	1.45	(1.16)	2.67	(1.75)	9.20
NBHC	1.18	(0.03)	(0.01)	0.06	1.64	(1.22)	2.80	(3.10)	8.51
FCF	1.15	0.02	(0.01)	0.14	1.65	(1.29)	2.92	(3.10)	8.48
LOB	1.72	(0.05)	0.00	0.05	2.15	(1.98)	4.36	(3.29)	11.21

1st Source Corporate Management

Jeffrey Buhr	Chief Credit Officer of 1st Source Bank and Executive VP of 1st Source Bank	Profile
Greg Brown	Pres Division	Profile
Lawrence Mayers	Regional Bank	Profile
Brett Bauer	CFO VP	Profile

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