1st Source Correlations
SRCE Stock | USD 63.50 0.05 0.08% |
The current 90-days correlation between 1st Source and First Financial is 0.85 (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 0.7 (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.
Moving together with 1st Stock
0.88 | AX | Axos Financial Earnings Call This Week | PairCorr |
0.91 | BY | Byline Bancorp Earnings Call This Week | PairCorr |
0.83 | DB | Deutsche Bank AG Earnings Call This Week | PairCorr |
0.74 | KB | KB Financial Group | PairCorr |
0.88 | NU | Nu Holdings | PairCorr |
0.89 | PB | Prosperity Bancshares Earnings Call Tomorrow | PairCorr |
0.85 | RF | Regions Financial Normal Trading | PairCorr |
0.69 | WF | Woori Financial Group Earnings Call Tomorrow | PairCorr |
0.77 | VABK | Virginia National | PairCorr |
0.67 | VBNK | VersaBank | PairCorr |
0.73 | VBTX | Veritex Holdings | PairCorr |
0.67 | TECTP | Tectonic Financial | PairCorr |
0.86 | TFC-PO | Truist Financial | PairCorr |
0.81 | TFC-PR | Truist Financial | PairCorr |
0.89 | CFG-PE | Citizens Financial | PairCorr |
0.88 | CFG-PH | Citizens Financial Group, | PairCorr |
0.91 | EFSC | Enterprise Financial | PairCorr |
0.77 | KEY-PI | KeyCorp Earnings Call Today | PairCorr |
0.74 | KEY-PJ | KeyCorp Earnings Call Today | PairCorr |
0.73 | KEY-PK | KeyCorp Earnings Call Today | PairCorr |
0.81 | KEY-PL | KeyCorp Earnings Call Today | PairCorr |
0.88 | WABC | Westamerica Bancorporation | PairCorr |
0.87 | WAFD | Washington Federal | PairCorr |
0.79 | WASH | Washington Trust Bancorp | PairCorr |
0.77 | BANC-PF | Banc of California | PairCorr |
0.89 | EQBK | Equity Bancshares, | PairCorr |
0.86 | ESSA | ESSA Bancorp Earnings Call Tomorrow | PairCorr |
0.85 | WSBCP | WesBanco Earnings Call Tomorrow | PairCorr |
0.89 | WNEB | Western New England Earnings Call Today | PairCorr |
0.92 | WSBC | WesBanco Earnings Call This Week | PairCorr |
Related Correlations Analysis
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
THFF | 1.36 | 0.21 | 0.17 | 0.31 | 1.01 | 3.97 | 9.63 | |||
FSBW | 1.25 | (0.02) | (0.01) | 0.12 | 1.43 | 2.87 | 8.87 | |||
BSRR | 1.47 | 0.13 | 0.11 | 0.23 | 1.38 | 3.43 | 10.03 | |||
GSBC | 1.27 | 0.11 | 0.08 | 0.24 | 1.16 | 3.69 | 8.69 | |||
SSBK | 1.73 | 0.26 | 0.02 | (0.39) | 2.36 | 3.36 | 19.89 | |||
CTBI | 1.09 | 0.18 | 0.15 | 0.34 | 0.85 | 2.63 | 5.86 | |||
BANF | 1.25 | 0.25 | 0.14 | 0.45 | 1.10 | 3.20 | 7.03 | |||
TMP | 1.26 | 0.03 | 0.05 | 0.16 | 1.38 | 2.96 | 8.23 | |||
LKFN | 1.26 | 0.21 | 0.19 | 0.34 | 0.86 | 3.16 | 6.31 |
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 |