First Savings Correlations

FSFG Stock

USD 32.19 0.30 0.92%

The current 90-days correlation between First Savings Financial and Avidbank Holdings Common is 0.51 (i.e., Very weak diversification). The correlation of First Savings 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 Savings Correlation With Market

Poor diversification

The correlation between First Savings Financial and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Savings Financial 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 Savings Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with First Stock

0.95	BY	Byline Bancorp	Pair Corr
0.88	PB	Prosperity Bancshares	Pair Corr
0.67	SANB	SANTANDER UK 8	Pair Corr
0.84	WAFD	Washington Federal	Pair Corr
0.68	BFC	Bank First National	Pair Corr
0.8	CFR	CullenFrost Bankers Earnings Call Today	Pair Corr
0.84	HTH	Hilltop Holdings	Pair Corr
0.94	VLY	Valley National Bancorp	Pair Corr
0.93	HOPE	Hope Bancorp	Pair Corr
0.92	RBCAA	Republic Bancorp Earnings Call Tomorrow	Pair Corr
0.88	MCBS	MetroCity Bankshares	Pair Corr
0.94	NBHC	National Bank Holdings	Pair Corr
0.95	PNFP	Pinnacle Financial	Pair Corr
0.91	QCRH	QCR Holdings	Pair Corr
0.86	AMAL	Amalgamated Bank Normal Trading	Pair Corr
0.93	SBSI	Southside Bancshares	Pair Corr
0.87	STBA	ST Bancorp	Pair Corr
0.87	BOKF	BOK Financial	Pair Corr
0.9	TCBK	TriCo Bancshares	Pair Corr
0.85	BPOP	Popular	Pair Corr
0.96	BUSE	First Busey Corp	Pair Corr
0.87	BVFL	BV Financial Common	Pair Corr
0.91	CADE	Cadence Bancorp	Pair Corr
0.9	CBSH	Commerce Bancshares	Pair Corr
0.96	CNOB	ConnectOne Bancorp Earnings Call Today	Pair Corr
0.89	CUBI	Customers Bancorp	Pair Corr
0.94	DCOM	Dime Community Bancshares	Pair Corr
0.94	UVSP	Univest Pennsylvania	Pair Corr
0.66	PPERY	Bank Mandiri Persero Earnings Call This Week	Pair Corr

Moving against First Stock

0.71	PBHC	Pathfinder Bancorp Earnings Call Today	Pair Corr
0.46	LDI	Loandepot	Pair Corr
0.73	PBCRY	Bank Central Asia	Pair Corr
0.52	BKRKF	PT Bank Rakyat	Pair Corr
0.49	PTAIF	PT Astra International	Pair Corr
0.43	BKRKY	Bank Rakyat	Pair Corr

Related Correlations Analysis

	AVBH	FUNC	FCCO	HWBK	VABK	LCNB	BPRN	FVCB	FRAF	CFFI
AVBH		0.67	0.71	0.51	0.63	0.84	0.69	0.8	0.46	0.65	AVBH
FUNC	0.67		0.93	0.83	0.78	0.84	0.71	0.6	0.91	0.74	FUNC
FCCO	0.71	0.93		0.84	0.72	0.89	0.8	0.71	0.89	0.72	FCCO
HWBK	0.51	0.83	0.84		0.7	0.7	0.61	0.46	0.86	0.66	HWBK
VABK	0.63	0.78	0.72	0.7		0.66	0.51	0.46	0.7	0.78	VABK
LCNB	0.84	0.84	0.89	0.7	0.66		0.9	0.87	0.71	0.8	LCNB
BPRN	0.69	0.71	0.8	0.61	0.51	0.9		0.87	0.66	0.69	BPRN
FVCB	0.8	0.6	0.71	0.46	0.46	0.87	0.87		0.45	0.63	FVCB
FRAF	0.46	0.91	0.89	0.86	0.7	0.71	0.66	0.45		0.59	FRAF
CFFI	0.65	0.74	0.72	0.66	0.78	0.8	0.69	0.63	0.59		CFFI
	AVBH	FUNC	FCCO	HWBK	VABK	LCNB	BPRN	FVCB	FRAF	CFFI

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Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Savings 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 Savings' 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
AVBH	0.82	0.05	0.03	0.15	0.83	(1.00)	1.91	(1.60)	6.08
FUNC	1.20	(0.03)	(0.01)	0.04	1.83	(1.11)	2.92	(2.74)	11.47
FCCO	0.96	0.04	0.02	0.12	1.07	(1.16)	2.21	(2.29)	6.74
HWBK	1.62	0.12	0.04	0.31	2.20	(1.60)	2.88	(4.01)	12.58
VABK	1.55	(0.04)	(0.02)	0.03	1.53	(1.86)	3.27	(2.28)	8.40
LCNB	1.35	0.15	0.09	0.28	1.36	(1.65)	3.48	(2.13)	8.02
BPRN	1.28	0.24	0.13	0.52	1.30	(1.48)	3.27	(2.68)	9.93
FVCB	1.15	0.25	0.17	0.34	1.00	(1.40)	2.96	(2.04)	9.86
FRAF	1.56	0.06	0.03	0.12	2.22	(1.56)	3.20	(2.67)	15.31
CFFI	1.37	0.07	0.03	0.19	1.67	(1.50)	3.49	(2.75)	8.22

First Savings Corporate Management

CPA CPA	CFO VP	Profile
Derrick CCIM	Chief bank	Profile
Lenfield Basham	Executive Officer	Profile
Jacqueline CPA	Chief Officer	Profile

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