BancFirst Correlations

BANF Stock

USD 131.33 1.83 1.37%

The current 90-days correlation between BancFirst and First Financial Bankshares is 0.8 (i.e., Very poor diversification). The correlation of BancFirst 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.

BancFirst Correlation With Market

Very weak diversification

The correlation between BancFirst and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BancFirst and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with BancFirst Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BancFirst. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more detail on how to invest in BancFirst Stock please use our How to Invest in BancFirst guide.

Moving together with BancFirst Stock

0.87	AX	Axos Financial Earnings Call This Week	Pair Corr
0.94	BY	Byline Bancorp Earnings Call Tomorrow	Pair Corr
0.81	DB	Deutsche Bank AG Earnings Call Tomorrow	Pair Corr
0.65	KB	KB Financial Group	Pair Corr
0.77	NU	Nu Holdings	Pair Corr
0.94	PB	Prosperity Bancshares Earnings Call Today	Pair Corr
0.86	RF	Regions Financial Normal Trading	Pair Corr
0.66	WF	Woori Financial Group Earnings Call Today	Pair Corr
0.8	VABK	Virginia National	Pair Corr
0.66	VBNK	VersaBank	Pair Corr
0.8	VBTX	Veritex Holdings	Pair Corr
0.69	TECTP	Tectonic Financial	Pair Corr
0.82	TFC-PO	Truist Financial	Pair Corr
0.75	TFC-PR	Truist Financial	Pair Corr
0.83	CFG-PE	Citizens Financial	Pair Corr
0.81	CFG-PH	Citizens Financial Group,	Pair Corr
0.92	EFSC	Enterprise Financial	Pair Corr
0.65	KEY-PI	KeyCorp	Pair Corr
0.63	KEY-PJ	KeyCorp	Pair Corr
0.62	KEY-PK	KeyCorp	Pair Corr
0.71	KEY-PL	KeyCorp	Pair Corr
0.87	WABC	Westamerica Bancorporation	Pair Corr
0.87	WAFD	Washington Federal	Pair Corr
0.86	WASH	Washington Trust Bancorp	Pair Corr
0.74	BANC-PF	Banc of California	Pair Corr
0.82	EQBK	Equity Bancshares,	Pair Corr
0.85	ESSA	ESSA Bancorp Earnings Call Today	Pair Corr
0.82	WSBCP	WesBanco Earnings Call Today	Pair Corr
0.88	WNEB	Western New England	Pair Corr
0.93	WSBC	WesBanco Earnings Call This Week	Pair Corr

Related Correlations Analysis

	FFIN	BOKF	AUBN	GSBC	FGBI	CTBI	CHCO	WABC	AROW
FFIN		0.86	0.75	0.87	-0.56	0.91	0.82	0.67	0.9	FFIN
BOKF	0.86		0.81	0.93	-0.26	0.96	0.93	0.82	0.88	BOKF
AUBN	0.75	0.81		0.77	-0.52	0.86	0.75	0.46	0.67	AUBN
GSBC	0.87	0.93	0.77		-0.27	0.95	0.97	0.85	0.93	GSBC
FGBI	-0.56	-0.26	-0.52	-0.27		-0.39	-0.19	0.09	-0.33	FGBI
CTBI	0.91	0.96	0.86	0.95	-0.39		0.95	0.79	0.93	CTBI
CHCO	0.82	0.93	0.75	0.97	-0.19	0.95		0.85	0.93	CHCO
WABC	0.67	0.82	0.46	0.85	0.09	0.79	0.85		0.85	WABC
AROW	0.9	0.88	0.67	0.93	-0.33	0.93	0.93	0.85		AROW
	FFIN	BOKF	AUBN	GSBC	FGBI	CTBI	CHCO	WABC	AROW

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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

CHCO	+ 0.97	GSBC
CTBI	+ 0.96	BOKF
CTBI	+ 0.95	GSBC
CHCO	+ 0.95	CTBI
GSBC	+ 0.93	BOKF
CHCO	+ 0.93	BOKF

High negative correlations

FGBI	- 0.56	FFIN
FGBI	- 0.52	AUBN
CTBI	- 0.39	FGBI
AROW	- 0.33	FGBI
FGBI	- 0.27	GSBC
FGBI	- 0.26	BOKF

Risk-Adjusted Indicators

There is a big difference between BancFirst Stock performing well and BancFirst 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 BancFirst'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
FFIN	1.19	(0.02)	0.02	0.15	1.15	(1.43)	2.93	(1.90)	8.11
BOKF	1.17	0.06	0.05	0.23	1.24	(1.32)	2.71	(1.85)	7.78
AUBN	2.01	0.57	0.18	3.77	1.68	(2.62)	5.57	(3.24)	13.79
GSBC	1.26	0.05	0.05	0.21	1.15	(1.52)	3.69	(2.67)	8.69
FGBI	1.96	(0.23)	0.00	(0.28)	0.00	0.00	5.20	(4.91)	14.29
CTBI	1.08	0.12	0.10	0.29	0.84	(1.32)	2.63	(1.71)	5.86
CHCO	1.01	0.05	0.03	0.22	0.88	(1.19)	2.60	(1.62)	5.13
WABC	1.04	(0.01)	(0.02)	0.16	1.13	(1.13)	2.11	(2.01)	6.74
AROW	1.36	(0.04)	0.00	0.14	1.41	(1.57)	2.85	(2.37)	7.22

BancFirst Corporate Executives

Elected by the shareholders, the BancFirst's board of directors comprises two types of representatives: BancFirst inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BancFirst. The board's role is to monitor BancFirst's management team and ensure that shareholders' interests are well served. BancFirst's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, BancFirst's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Hannah Andrus	CFO VP	Profile
	Kevin Lawrence	CFO, Treasurer	Profile

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