BancFirst Correlations

BANF Stock

USD 112.93 1.75 1.53%

The current 90-days correlation between BancFirst and First Financial Bankshares is 0.82 (i.e., Very poor diversification). The correlation of BancFirst 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.

BancFirst Correlation With Market

Very weak diversification

The correlation between BancFirst and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BancFirst and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with BancFirst Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BancFirst. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more detail on how to invest in BancFirst Stock please use our How to Invest in BancFirst guide.

Moving together with BancFirst Stock

0.84	AX	Axos Financial	Pair Corr
0.89	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.65	PB	Prosperity Bancshares	Pair Corr
0.88	RF	Regions Financial	Pair Corr
0.86	VBTX	Veritex Holdings Earnings Call This Week	Pair Corr
0.62	601658	Postal Savings Bank	Pair Corr
0.71	EBMT	Eagle Bancorp Montana Earnings Call This Week	Pair Corr
0.68	ECBK	ECB Bancorp	Pair Corr
0.92	EFSC	Enterprise Financial	Pair Corr
0.74	WABC	Westamerica Bancorporation	Pair Corr
0.82	WAFD	Washington Federal	Pair Corr
0.86	WASH	Washington Trust Bancorp Earnings Call This Week	Pair Corr
0.62	EQBK	Equity Bancshares,	Pair Corr
0.89	EWBC	East West Bancorp Earnings Call This Week	Pair Corr
0.82	WSFS	WSFS Financial Earnings Call This Week	Pair Corr
0.62	WTBA	West Bancorporation Earnings Call This Week	Pair Corr
0.93	WTFC	Wintrust Financial Earnings Call This Week	Pair Corr
0.83	FBIZ	First Business Financial	Pair Corr
0.65	FBNC	First Bancorp Earnings Call This Week	Pair Corr
0.69	FCBC	First Community Banc	Pair Corr

Moving against BancFirst Stock

0.49

SOUTHBANK

South Indian

Pair Corr

Related Correlations Analysis

	FFIN	BOKF	AUBN	GSBC	FGBI	CTBI	CHCO	WABC	AROW
FFIN		0.05	-0.58	0.45	-0.02	0.76	0.84	0.76	0.48	FFIN
BOKF	0.05		-0.17	0.85	0.23	0.63	0.37	0.24	0.6	BOKF
AUBN	-0.58	-0.17		-0.4	-0.29	-0.49	-0.53	-0.29	-0.19	AUBN
GSBC	0.45	0.85	-0.4		0.12	0.88	0.63	0.55	0.79	GSBC
FGBI	-0.02	0.23	-0.29	0.12		0.06	0.04	-0.27	-0.29	FGBI
CTBI	0.76	0.63	-0.49	0.88	0.06		0.84	0.79	0.8	CTBI
CHCO	0.84	0.37	-0.53	0.63	0.04	0.84		0.75	0.57	CHCO
WABC	0.76	0.24	-0.29	0.55	-0.27	0.79	0.75		0.69	WABC
AROW	0.48	0.6	-0.19	0.79	-0.29	0.8	0.57	0.69		AROW
	FFIN	BOKF	AUBN	GSBC	FGBI	CTBI	CHCO	WABC	AROW

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

CTBI	+ 0.88	GSBC
GSBC	+ 0.85	BOKF
CHCO	+ 0.84	FFIN
CHCO	+ 0.84	CTBI
AROW	+ 0.8	CTBI
AROW	+ 0.79	GSBC

High negative correlations

AUBN	- 0.58	FFIN
CHCO	- 0.53	AUBN
CTBI	- 0.49	AUBN
GSBC	- 0.4	AUBN
AROW	- 0.29	FGBI
WABC	- 0.29	AUBN

Risk-Adjusted Indicators

There is a big difference between BancFirst Stock performing well and BancFirst 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 BancFirst'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
FFIN	1.20	(0.30)	0.00	(0.14)	0.00	0.00	2.65	(2.65)	10.06
BOKF	1.18	(0.02)	0.01	0.04	1.60	(1.33)	2.70	(2.66)	10.12
AUBN	2.27	0.22	0.06	1.12	2.77	(2.32)	4.29	(4.35)	17.66
GSBC	1.18	(0.22)	0.00	(0.08)	0.00	0.00	3.02	(1.91)	15.42
FGBI	1.76	(0.15)	0.00	(0.11)	0.00	0.00	3.75	(4.11)	18.63
CTBI	1.14	(0.19)	0.00	(0.07)	0.00	0.00	2.73	(2.27)	10.28
CHCO	1.14	(0.14)	0.00	(0.04)	0.00	0.00	3.46	(2.12)	7.30
WABC	1.07	(0.19)	0.00	(0.08)	0.00	0.00	3.03	(2.10)	7.07
AROW	1.18	(0.12)	0.00	(0.03)	0.00	0.00	3.15	(2.41)	9.01

BancFirst Corporate Executives

Elected by the shareholders, the BancFirst's board of directors comprises two types of representatives: BancFirst inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BancFirst. The board's role is to monitor BancFirst's management team and ensure that shareholders' interests are well served. BancFirst's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, BancFirst's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Hannah Andrus	CFO VP	Profile
	Kevin Lawrence	CFO, Treasurer	Profile

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