1st Source Correlations
| SRCE Stock | USD 64.11 0.49 0.77% |
The current 90-days correlation between 1st Source and Federal Agricultural Mortgage is 0.08 (i.e., Significant 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
Very weak diversification
The correlation between 1st Source and DJI is 0.47 (i.e., Very weak 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
| 0.75 | PB | Prosperity Bancshares | PairCorr |
| 0.65 | EBMT | Eagle Bancorp Montana | PairCorr |
| 0.66 | EFSC | Enterprise Financial | PairCorr |
| 0.8 | WABC | Westamerica Bancorporation | PairCorr |
| 0.92 | WSFS | WSFS Financial | PairCorr |
| 0.61 | FHN | First Horizon National | PairCorr |
| 0.79 | HTB | HomeTrust Bancshares, Symbol Change | PairCorr |
| 0.81 | PNC | PNC Financial Services Sell-off Trend | PairCorr |
| 0.95 | TMP | Tompkins Financial | PairCorr |
Moving against 1st Stock
| 0.74 | UCOBANK | UCO Bank | PairCorr |
| 0.71 | YESBANK | Yes Bank Limited | PairCorr |
| 0.39 | SBID | State Bank | PairCorr |
| 0.36 | BOQPG | Bank of Queensland Earnings Call Today | PairCorr |
| 0.32 | AUBANK | AU Small Finance | PairCorr |
| 0.59 | 601665 | Qilu Bank | PairCorr |
| 0.58 | MAHABANK | Bank of Maharashtra | PairCorr |
| 0.56 | CENTRALBK | Central Bank | PairCorr |
| 0.56 | FINOPB | Fino Payments Bank | PairCorr |
| 0.54 | RBLBANK | RBL Bank Limited | PairCorr |
| 0.5 | AN3PK | Australia and New | PairCorr |
| 0.45 | PNB | Punjab National Bank | PairCorr |
| 0.39 | KARURVYSYA | Karur Vysya Bank | PairCorr |
| 0.36 | SBIN | State Bank | PairCorr |
Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TITN | 2.12 | (0.34) | 0.00 | (0.09) | 0.00 | 3.20 | 27.01 | |||
| WIRX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AGM | 1.28 | (0.28) | 0.00 | (5.27) | 0.00 | 2.34 | 9.39 | |||
| ECG | 2.53 | 0.22 | 0.06 | 1.16 | 3.00 | 5.40 | 15.72 | |||
| ABWN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VICT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WFWRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ROAD | 1.76 | (0.25) | 0.00 | (0.15) | 0.00 | 2.74 | 11.14 |
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 |