1st Source Correlations

SRCE Stock

USD 69.36 0.05 0.07%

The current 90-days correlation between 1st Source and ST Bancorp is 0.8 (i.e., Very 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

Poor diversification

The correlation between 1st Source and DJI is 0.7 (i.e., Poor 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 services.

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

Moving together with 1st Stock

0.79	BNPH	BNP PARIBAS ADR	Pair Corr
0.73	AON0	AOZORA BANK LTD	Pair Corr
0.81	AX	Axos Financial	Pair Corr
0.96	BY	Byline Bancorp	Pair Corr
0.64	PB	Prosperity Bancshares	Pair Corr
0.83	RF	Regions Financial	Pair Corr
0.79	HH1	Hancock Whitney	Pair Corr
0.8	BCVN	Banque Cantonale Vaudoise	Pair Corr
0.77	LLBN	Liechtensteinische	Pair Corr
0.74	VBNK	VersaBank Earnings Call This Week	Pair Corr
0.67	PWT	TFS Financial	Pair Corr
0.66	BEN	Bendigo and Adelaide	Pair Corr
0.78	B4M1	SpareBank 1 SR	Pair Corr
0.85	UIO	ATLANTIC UNION BANKSDL	Pair Corr
0.73	FRYA	Swedbank AB	Pair Corr
0.86	VNB	Valley National Bancorp	Pair Corr
0.67	BRE	Banco Bradesco SA	Pair Corr
0.86	EBMT	Eagle Bancorp Montana	Pair Corr
0.79	ECBK	ECB Bancorp	Pair Corr
0.81	BNP	BNP Paribas SA	Pair Corr
0.91	EFSC	Enterprise Financial	Pair Corr
0.88	EGBN	Eagle Bancorp	Pair Corr
0.85	BCGE	Banque Cantonale	Pair Corr
0.9	WABC	Westamerica Bancorporation	Pair Corr
0.69	WASH	Washington Trust Bancorp	Pair Corr

Moving against 1st Stock

0.61

3YB

Postal Savings Bank

Pair Corr

Related Correlations Analysis

	STBA	LKFN	TCBK	GABC	FRME	MBIN	STEL	NBHC	FCF	LOB
STBA		0.84	0.86	0.96	0.94	0.9	0.9	0.84	0.89	0.83	STBA
LKFN	0.84		0.87	0.88	0.78	0.72	0.76	0.72	0.79	0.72	LKFN
TCBK	0.86	0.87		0.88	0.84	0.74	0.74	0.89	0.89	0.84	TCBK
GABC	0.96	0.88	0.88		0.96	0.92	0.93	0.83	0.92	0.85	GABC
FRME	0.94	0.78	0.84	0.96		0.95	0.91	0.87	0.95	0.88	FRME
MBIN	0.9	0.72	0.74	0.92	0.95		0.95	0.79	0.88	0.83	MBIN
STEL	0.9	0.76	0.74	0.93	0.91	0.95		0.74	0.88	0.82	STEL
NBHC	0.84	0.72	0.89	0.83	0.87	0.79	0.74		0.94	0.93	NBHC
FCF	0.89	0.79	0.89	0.92	0.95	0.88	0.88	0.94		0.97	FCF
LOB	0.83	0.72	0.84	0.85	0.88	0.83	0.82	0.93	0.97		LOB
	STBA	LKFN	TCBK	GABC	FRME	MBIN	STEL	NBHC	FCF	LOB

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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	1.12	0.14	0.09	0.27	1.26	(1.28)	2.62	(1.63)	9.20
LKFN	1.24	0.00	(0.01)	0.11	1.23	(1.51)	3.46	(2.49)	7.37
TCBK	1.14	0.05	0.04	0.16	1.09	(1.27)	3.41	(1.65)	7.18
GABC	1.22	0.08	0.05	0.20	1.20	(1.48)	3.30	(2.03)	8.40
FRME	1.17	0.12	0.11	0.22	1.01	(1.40)	2.84	(1.50)	8.32
MBIN	1.88	0.44	0.22	0.45	1.77	(2.20)	4.26	(3.62)	20.34
STEL	1.16	0.28	0.23	0.42	0.79	(1.40)	2.67	(1.76)	14.73
NBHC	1.15	0.08	0.08	0.17	1.27	(1.30)	2.85	(1.90)	11.13
FCF	1.05	0.14	0.10	0.28	0.92	(1.27)	2.94	(1.39)	8.57
LOB	1.82	0.24	0.19	0.24	1.54	(2.31)	5.13	(2.37)	12.55

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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