First Merchants Correlations

FRMEP Stock

USD 26.12 0.14 0.54%

The current 90-days correlation between First Merchants and Merchants Bancorp is -0.09 (i.e., Good diversification). The correlation of First Merchants 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. If the correlation is 0, the equities are not correlated; they are entirely random.

First Merchants Correlation With Market

Good diversification

The correlation between First Merchants and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Merchants 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 Merchants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in banks.

To learn how to invest in First Stock, please use our How to Invest in First Merchants guide.

Moving together with First Stock

0.74	BIRG	Bank of Ireland	Pair Corr
0.8	SBID	State Bank	Pair Corr
0.65	FET	Forum Energy Technologies Earnings Call Today	Pair Corr
0.7	BK	Bank of New York	Pair Corr

Moving against First Stock

0.72	CBNK	Capital Bancorp	Pair Corr
0.67	NFBK	Northfield Bancorp	Pair Corr
0.62	PGC	Peapack Gladstone	Pair Corr
0.56	PFIS	Peoples Fin	Pair Corr
0.54	UNTY	Unity Bancorp	Pair Corr
0.53	MTRO	Metro Bank PLC	Pair Corr
0.34	CNOB	ConnectOne Bancorp	Pair Corr

Related Correlations Analysis

	MBIN	SRCE	LKFN	FCF	STBA	GABC	BLX	STEL	TCBK	WAFD
MBIN		0.55	0.55	0.58	0.5	0.6	0.38	0.49	0.31	0.53	MBIN
SRCE	0.55		0.77	0.85	0.94	0.95	0.71	0.74	0.76	0.97	SRCE
LKFN	0.55	0.77		0.96	0.61	0.74	0.73	0.69	0.32	0.72	LKFN
FCF	0.58	0.85	0.96		0.71	0.81	0.83	0.74	0.45	0.81	FCF
STBA	0.5	0.94	0.61	0.71		0.89	0.58	0.7	0.85	0.95	STBA
GABC	0.6	0.95	0.74	0.81	0.89		0.62	0.65	0.67	0.93	GABC
BLX	0.38	0.71	0.73	0.83	0.58	0.62		0.66	0.44	0.66	BLX
STEL	0.49	0.74	0.69	0.74	0.7	0.65	0.66		0.67	0.65	STEL
TCBK	0.31	0.76	0.32	0.45	0.85	0.67	0.44	0.67		0.75	TCBK
WAFD	0.53	0.97	0.72	0.81	0.95	0.93	0.66	0.65	0.75		WAFD
	MBIN	SRCE	LKFN	FCF	STBA	GABC	BLX	STEL	TCBK	WAFD

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Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Merchants 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 Merchants' 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
MBIN	1.23	(0.13)	0.00	(0.03)	0.00	0.00	2.56	(2.80)	8.30
SRCE	1.09	(0.07)	(0.04)	0.01	1.34	(1.21)	2.23	(2.43)	8.24
LKFN	1.24	(0.18)	0.00	(0.08)	0.00	0.00	2.84	(3.07)	10.49
FCF	1.12	(0.15)	0.00	(0.06)	0.00	0.00	2.47	(2.08)	10.68
STBA	1.14	(0.05)	(0.02)	0.03	1.42	(1.30)	2.11	(2.28)	9.94
GABC	1.04	(0.10)	0.00	(0.02)	0.00	0.00	2.54	(2.34)	8.13
BLX	0.92	(0.06)	(0.05)	(0.01)	1.38	(0.93)	1.75	(1.56)	8.66
STEL	1.14	(0.06)	(0.02)	0.02	1.58	(1.21)	2.73	(1.95)	11.18
TCBK	1.13	0.00	0.02	0.06	1.43	(1.20)	2.77	(2.08)	10.62
WAFD	1.01	(0.08)	0.00	(0.01)	0.00	0.00	2.35	(1.71)	8.84

First Merchants Corporate Management

Julie Crabtree	Corporate VP	Profile
Michael Rechin	Advisor Director	Profile
Marcos CFA	Chief Officer	Profile
Michael Stewart	President	Profile
Steven Harris	Senior Officer	Profile
John Martin	Executive Officer	Profile
Karen Evens	VP Marketing	Profile

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