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

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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.

1st Source Corporate Management

Jeffrey BuhrChief Credit Officer of 1st Source Bank and Executive VP of 1st Source BankProfile
Greg BrownPres DivisionProfile
Lawrence MayersRegional BankProfile
Brett BauerCFO VPProfile