First Internet Correlations

INBK Stock

USD 17.74 0.06 0.34%

The current 90-days correlation between First Internet Bancorp and Avidbank Holdings, Common is 0.27 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Internet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Internet Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

First Internet Correlation With Market

Very weak diversification

The correlation between First Internet Bancorp 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 First Internet Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with First Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in First Internet 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 bureau of labor statistics.

Moving together with First Stock

0.65	WTFC	Wintrust Financial	Pair Corr
0.7	CFR	CullenFrost Bankers	Pair Corr
0.64	FHN	First Horizon National	Pair Corr
0.82	ONB	Old National Bancorp	Pair Corr
0.88	SSB	SouthState	Pair Corr
0.79	WAL	Western Alliance Ban	Pair Corr
0.77	WBS	Webster Financial	Pair Corr
0.83	NFBK	Northfield Bancorp	Pair Corr
0.77	NKSH	National Bankshares	Pair Corr
0.73	BPOP	Popular	Pair Corr
0.82	CBSH	Commerce Bancshares	Pair Corr
0.81	UMBF	UMB Financial	Pair Corr
0.76	ARE	Alexandria Real Estate	Pair Corr
0.8	MSI	Motorola Solutions Earnings Call This Week	Pair Corr

Moving against First Stock

0.74	SBID	State Bank Earnings Call This Week	Pair Corr
0.43	OPHLF	Ono Pharmaceutical	Pair Corr
0.32	BIRG	Bank of Ireland	Pair Corr
0.77	BWXT	BWX Technologies Earnings Call This Week	Pair Corr
0.76	AEP	American Electric Power	Pair Corr
0.75	EXC	Exelon	Pair Corr
0.57	BKKPF	Bangkok Bank Public	Pair Corr
0.43	DSKYF	Daiichi Sankyo	Pair Corr
0.37	SZKMF	Suzuki Motor Earnings Call This Week	Pair Corr

Related Correlations Analysis

	AVBH	EFSI	FRAF	NKSH	HWBK	FSFG	FXNC	OPBK	FCCO	ATLO
AVBH		0.85	0.89	0.43	0.56	0.61	0.71	0.63	0.86	0.93	AVBH
EFSI	0.85		0.93	0.58	0.65	0.56	0.81	0.72	0.96	0.86	EFSI
FRAF	0.89	0.93		0.69	0.78	0.41	0.92	0.85	0.95	0.88	FRAF
NKSH	0.43	0.58	0.69		0.85	-0.1	0.83	0.83	0.64	0.38	NKSH
HWBK	0.56	0.65	0.78	0.85		0.0	0.89	0.89	0.67	0.52	HWBK
FSFG	0.61	0.56	0.41	-0.1	0.0		0.13	0.03	0.5	0.62	FSFG
FXNC	0.71	0.81	0.92	0.83	0.89	0.13		0.94	0.83	0.7	FXNC
OPBK	0.63	0.72	0.85	0.83	0.89	0.03	0.94		0.77	0.59	OPBK
FCCO	0.86	0.96	0.95	0.64	0.67	0.5	0.83	0.77		0.86	FCCO
ATLO	0.93	0.86	0.88	0.38	0.52	0.62	0.7	0.59	0.86		ATLO
	AVBH	EFSI	FRAF	NKSH	HWBK	FSFG	FXNC	OPBK	FCCO	ATLO

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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

FCCO	+ 0.96	EFSI
FCCO	+ 0.95	FRAF
OPBK	+ 0.94	FXNC
ATLO	+ 0.93	AVBH
FRAF	+ 0.93	EFSI
FXNC	+ 0.92	FRAF

High negative correlations

FSFG	- 0.1	NKSH
FSFG	- 0.0	HWBK

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Internet 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 First Internet'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
AVBH	0.83	0.22	0.18	0.49	0.64	(1.06)	2.21	(1.60)	6.93
EFSI	0.97	0.04	0.04	0.14	1.08	(1.22)	2.42	(2.35)	10.55
FRAF	0.99	0.07	0.07	0.16	1.06	(1.22)	3.17	(1.96)	11.51
NKSH	1.57	(0.10)	(0.03)	0.04	1.81	(1.69)	3.90	(3.20)	10.94
HWBK	1.37	(0.01)	0.00	0.09	1.81	(1.45)	3.20	(2.92)	12.55
FSFG	1.66	0.10	0.09	0.18	1.44	(1.90)	3.74	(2.25)	22.43
FXNC	0.91	(0.04)	(0.04)	0.07	0.79	(1.28)	2.71	(1.47)	8.24
OPBK	1.24	(0.10)	(0.02)	0.05	1.33	(1.51)	2.73	(2.20)	9.69
FCCO	1.00	0.00	0.02	0.11	1.29	(1.08)	2.42	(2.45)	8.29
ATLO	0.94	0.10	0.12	0.19	0.76	(1.08)	2.59	(1.55)	8.07

First Internet Corporate Management

Nicole Lorch	Sr. VP of Retail Banking and Sr. VP of Retail Banking of First Internet Bank	Profile
Paula Deemer	Executive Administration	Profile
David Bybee	Senior lending	Profile
Kevin Quinn	VP Bank	Profile
Timothy Dusing	Sr Bank	Profile

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