First Internet Correlations

INBK Stock

USD 22.31 0.09 0.40%

The current 90-days correlation between First Internet Bancorp and MVB Financial Corp is 0.48 (i.e., Very weak 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 0.51 (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

0.94

PNFP

Pinnacle Financial

Pair Corr

Moving against First Stock

0.82	FARO	FARO Technologies	Pair Corr
0.62	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.48	TLK	Telkom Indonesia Tbk	Pair Corr
0.42	PTAIY	Astra International Tbk	Pair Corr
0.38	HD	Home Depot	Pair Corr

Related Correlations Analysis

	MVBF	FNWD	FCCO	LNKB	GSBC	ISTR	CHMG	FMAO
MVBF		0.62	0.69	0.31	0.57	0.68	0.67	0.33	MVBF
FNWD	0.62		0.95	0.17	0.71	0.87	0.58	0.25	FNWD
FCCO	0.69	0.95		0.28	0.73	0.87	0.64	0.32	FCCO
LNKB	0.31	0.17	0.28		0.72	0.46	0.62	0.87	LNKB
GSBC	0.57	0.71	0.73	0.72		0.85	0.78	0.77	GSBC
ISTR	0.68	0.87	0.87	0.46	0.85		0.79	0.55	ISTR
CHMG	0.67	0.58	0.64	0.62	0.78	0.79		0.62	CHMG
FMAO	0.33	0.25	0.32	0.87	0.77	0.55	0.62		FMAO
	MVBF	FNWD	FCCO	LNKB	GSBC	ISTR	CHMG	FMAO

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
MVBF	1.08	0.11	0.10	0.16	1.11	(1.24)	3.04	(1.85)	8.04
FNWD	1.11	0.09	0.10	0.14	0.91	(1.35)	3.73	(2.02)	7.83
FCCO	0.80	0.04	0.05	0.10	0.87	(0.91)	1.78	(1.95)	5.44
LNKB	1.25	(0.20)	0.00	(0.04)	0.00	0.00	2.38	(3.08)	10.20
GSBC	1.07	(0.11)	(0.05)	0.00	1.37	(1.15)	3.89	(2.24)	7.73
ISTR	1.08	(0.02)	0.01	0.05	1.20	(1.20)	2.76	(2.22)	7.03
CHMG	1.17	(0.02)	0.01	0.05	1.40	(1.30)	2.50	(2.88)	7.61
FMAO	1.85	(0.25)	0.00	(0.02)	0.00	0.00	3.57	(3.53)	12.33

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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