1st Source Correlations

SRCE Stock

USD 65.22 0.97 1.47%

The current 90-days correlation between 1st Source and Great Southern Bancorp is 0.89 (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 0.69 (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.

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 main economic indicators.

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

Moving together with 1st Stock

0.97	AX	Axos Financial	Pair Corr
0.96	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.95	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.92	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.61	VABK	Virginia National	Pair Corr
0.83	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.87	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.65	TECTP	Tectonic Financial	Pair Corr
0.66	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.93	EBTC	Enterprise Bancorp	Pair Corr
0.96	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.84	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.95	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.79	WAFD	Washington Federal	Pair Corr
0.9	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.63	BANC-PF	Banc of California	Pair Corr
0.92	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.74	ESSA	ESSA Bancorp	Pair Corr
0.75	EVBN	Evans Bancorp	Pair Corr
0.77	WMPN	William Penn Bancorp	Pair Corr

Moving against 1st Stock

0.59	CFG-PE	Citizens Financial	Pair Corr
0.53	TFC-PR	Truist Financial	Pair Corr
0.52	TFC-PO	Truist Financial	Pair Corr
0.38	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	PWOD	LBC	GSBC	WSBF	CHMG	FCCO	BSVN	OBT	COFS	CWBC
PWOD		0.52	0.71	0.46	0.86	0.89	0.88	0.32	0.9	0.3	PWOD
LBC	0.52		0.3	-0.02	0.38	0.41	0.51	0.01	0.37	0.09	LBC
GSBC	0.71	0.3		0.83	0.88	0.83	0.85	0.76	0.87	0.7	GSBC
WSBF	0.46	-0.02	0.83		0.66	0.69	0.67	0.69	0.7	0.64	WSBF
CHMG	0.86	0.38	0.88	0.66		0.85	0.85	0.65	0.9	0.57	CHMG
FCCO	0.89	0.41	0.83	0.69	0.85		0.95	0.46	0.95	0.52	FCCO
BSVN	0.88	0.51	0.85	0.67	0.85	0.95		0.47	0.94	0.52	BSVN
OBT	0.32	0.01	0.76	0.69	0.65	0.46	0.47		0.5	0.64	OBT
COFS	0.9	0.37	0.87	0.7	0.9	0.95	0.94	0.5		0.55	COFS
CWBC	0.3	0.09	0.7	0.64	0.57	0.52	0.52	0.64	0.55		CWBC
	PWOD	LBC	GSBC	WSBF	CHMG	FCCO	BSVN	OBT	COFS	CWBC

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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

BSVN	+ 0.95	FCCO
COFS	+ 0.95	FCCO
COFS	+ 0.94	BSVN
COFS	+ 0.9	PWOD
COFS	+ 0.9	CHMG
FCCO	+ 0.89	PWOD

High negative correlations

WSBF

- 0.02

LBC

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
PWOD	1.47	0.49	0.27	1.14	1.17	(1.79)	3.95	(2.60)	10.20
LBC	2.06	0.05	0.00	0.21	2.16	(2.32)	5.04	(3.88)	10.73
GSBC	1.54	(0.15)	0.00	0.05	1.84	(1.66)	3.41	(3.32)	19.09
WSBF	1.41	(0.12)	(0.03)	0.04	1.70	(1.57)	2.56	(2.67)	15.80
CHMG	0.79	0.02	0.04	0.14	0.65	(0.95)	2.06	(1.09)	9.94
FCCO	1.24	0.13	0.09	0.25	1.04	(1.43)	3.05	(2.20)	10.76
BSVN	1.66	0.09	0.11	0.16	1.68	(1.99)	5.54	(3.49)	14.67
OBT	2.31	(0.33)	0.00	(0.02)	0.00	0.00	4.85	(5.33)	15.06
COFS	1.25	0.17	0.19	0.25	0.80	(1.73)	3.30	(2.01)	11.09
CWBC	1.03	(0.01)	0.01	0.11	1.12	(1.11)	2.53	(2.16)	9.14

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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