First Mid Correlations

FMBH Stock

USD 38.75 0.10 0.26%

The current 90-days correlation between First Mid Illinois and Puma Biotechnology is -0.06 (i.e., Good diversification). The correlation of First Mid 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.

First Mid Correlation With Market

Very weak diversification

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

Build AI portfolio with First Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Mid Illinois. 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

0.69	601658	Postal Savings Bank	Pair Corr
0.8	EBMT	Eagle Bancorp Montana	Pair Corr
0.82	EFSC	Enterprise Financial	Pair Corr
0.79	WABC	Westamerica Bancorporation	Pair Corr
0.88	WSFS	WSFS Financial	Pair Corr
0.66	AUB	Atlantic Union Bankshares	Pair Corr
0.64	FHN	First Horizon National	Pair Corr
0.84	HTB	HomeTrust Bancshares, Symbol Change	Pair Corr
0.89	PNC	PNC Financial Services Sell-off Trend	Pair Corr
0.67	SSB	SouthState	Pair Corr
0.88	TMP	Tompkins Financial	Pair Corr
0.7	INBK	First Internet Bancorp	Pair Corr

Moving against First Stock

0.81	UCOBANK	UCO Bank	Pair Corr
0.8	YESBANK	Yes Bank Limited	Pair Corr
0.59	SBID	State Bank	Pair Corr
0.52	AUBANK	AU Small Finance	Pair Corr
0.46	FNWB	First Northwest Bancorp	Pair Corr
0.45	WBCPM	Westpac Banking	Pair Corr
0.42	BOQPG	Bank of Queensland Earnings Call Tomorrow	Pair Corr
0.37	DCBBANK	DCB Bank Limited	Pair Corr
0.34	TMB	Tamilnad Mercantile Bank	Pair Corr
0.33	601187	Xiamen Bank	Pair Corr
0.31	BIRG	Bank of Ireland	Pair Corr
0.73	601665	Qilu Bank	Pair Corr
0.69	RBLBANK	RBL Bank Limited	Pair Corr
0.68	MAHABANK	Bank of Maharashtra	Pair Corr
0.66	CENTRALBK	Central Bank	Pair Corr
0.64	PNB	Punjab National Bank	Pair Corr
0.59	KARURVYSYA	Karur Vysya Bank	Pair Corr
0.57	SBIN	State Bank	Pair Corr
0.56	AN3PK	Australia and New	Pair Corr
0.49	FINOPB	Fino Payments Bank	Pair Corr

Related Correlations Analysis

	PBYI	CADE-PA	BHRB	PDSB	PMNXF	MAKOF	AVEFF
PBYI		-0.47	-0.39	-0.34	0.25	0.56	0.0	PBYI
CADE-PA	-0.47		0.16	0.18	-0.07	-0.1	0.0	CADE-PA
BHRB	-0.39	0.16		0.08	0.08	-0.51	0.0	BHRB
PDSB	-0.34	0.18	0.08		-0.86	-0.46	0.0	PDSB
PMNXF	0.25	-0.07	0.08	-0.86		0.54	0.0	PMNXF
MAKOF	0.56	-0.1	-0.51	-0.46	0.54		0.0	MAKOF
AVEFF	0.0	0.0	0.0	0.0	0.0	0.0		AVEFF
	PBYI	CADE-PA	BHRB	PDSB	PMNXF	MAKOF	AVEFF

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

MAKOF	+ 0.56	PBYI
MAKOF	+ 0.54	PMNXF
PMNXF	+ 0.25	PBYI
PDSB	+ 0.18	CADE-PA
BHRB	+ 0.16	CADE-PA
PDSB	+ 0.08	BHRB

High negative correlations

PMNXF	- 0.86	PDSB
MAKOF	- 0.51	BHRB
CADE-PA	- 0.47	PBYI
MAKOF	- 0.46	PDSB
BHRB	- 0.39	PBYI
PDSB	- 0.34	PBYI

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Mid 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 Mid'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
PBYI	2.89	0.04	0.00	0.22	4.47	(3.36)	5.61	(5.14)	43.28
CADE-PA	0.59	0.03	(0.01)	0.18	0.67	(0.68)	1.34	(1.16)	3.67
BHRB	1.19	0.05	0.00	0.33	1.38	(1.38)	3.16	(2.29)	7.93
PDSB	3.00	(0.85)	0.00	(0.41)	0.00	0.00	6.59	(7.14)	20.74
PMNXF	2.06	0.60	0.22	0.83	2.09	(2.45)	5.15	(4.27)	15.72
MAKOF	2.08	0.35	0.11	0.74	2.60	(2.28)	3.87	(4.56)	19.42
AVEFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

First Mid Corporate Management

Eric McRae	Executive VP, Executive VP of First Mid-Illinois Bank and Trust, N.A. and Sr. Lender of First Mid-Illinois Bank and Trust, N.A.	Profile
Megan McElwee	Senior Officer	Profile
David Hiden	Senior Officer	Profile
Anya Schuetz	Senior Management	Profile
Rhonda Gatons	Executive Resources	Profile

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