1st Source Correlations

SRCE Stock

USD 58.84 0.00 0.00%

The current 90-days correlation between 1st Source and BancFirst is 0.84 (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 0.76 (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.

Build AI portfolio with 1st Stock

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 commodities.

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

Moving together with 1st Stock

0.92	BY	Byline Bancorp	Pair Corr
0.74	NU	Nu Holdings Earnings Call This Week	Pair Corr
0.92	PB	Prosperity Bancshares	Pair Corr
0.65	VABK	Virginia National	Pair Corr
0.71	EBMT	Eagle Bancorp Montana	Pair Corr
0.74	EFSC	Enterprise Financial	Pair Corr
0.88	EGBN	Eagle Bancorp	Pair Corr
0.89	WABC	Westamerica Bancorporation	Pair Corr
0.82	WAFD	Washington Federal	Pair Corr
0.92	WASH	Washington Trust Bancorp	Pair Corr
0.9	EQBK	Equity Bancshares,	Pair Corr
0.68	EWBC	East West Bancorp	Pair Corr

Related Correlations Analysis

	BANF	BSRR	CTBI	FSBW	GSBC	LKFN	THFF	TMP
BANF		0.81	0.79	0.88	0.88	0.77	0.82	0.83	BANF
BSRR	0.81		0.95	0.87	0.94	0.91	0.99	0.89	BSRR
CTBI	0.79	0.95		0.79	0.86	0.93	0.96	0.85	CTBI
FSBW	0.88	0.87	0.79		0.93	0.79	0.85	0.84	FSBW
GSBC	0.88	0.94	0.86	0.93		0.82	0.92	0.86	GSBC
LKFN	0.77	0.91	0.93	0.79	0.82		0.93	0.91	LKFN
THFF	0.82	0.99	0.96	0.85	0.92	0.93		0.89	THFF
TMP	0.83	0.89	0.85	0.84	0.86	0.91	0.89		TMP
	BANF	BSRR	CTBI	FSBW	GSBC	LKFN	THFF	TMP

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
BANF	1.19	(0.13)	(0.07)	0.01	1.41	(1.25)	3.06	(1.94)	7.03
BSRR	1.48	(0.09)	0.01	0.06	1.61	(1.65)	3.33	(2.62)	10.00
CTBI	1.06	(0.03)	0.00	0.09	1.03	(1.28)	2.51	(2.14)	5.96
FSBW	1.25	(0.18)	0.00	(0.02)	0.00	0.00	1.93	(2.42)	8.87
GSBC	1.14	(0.14)	(0.06)	0.02	1.42	(1.29)	3.11	(2.67)	8.69
LKFN	1.19	(0.11)	(0.05)	0.03	1.32	(1.46)	3.11	(2.66)	6.68
THFF	1.18	(0.04)	0.00	0.08	1.28	(1.37)	2.92	(2.07)	8.25
TMP	1.38	(0.11)	(0.03)	0.04	1.63	(1.50)	2.92	(2.90)	10.34

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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