First Business Correlations

Stocks . USA . 
Stock . First Business Financial
FBIZ Stock  USD 54.69  1.44  2.70%   
The current 90-days correlation between First Business Financial and TFI International is 0.57 (i.e., Very weak diversification). The correlation of First Business 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 Business Correlation With Market

Poor diversification

The correlation between First Business Financial and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Business Financial and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Business 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 gross domestic product.

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Business 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 Business' 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.

First Business Corporate Management

Bradley QuadeExecutive OfficerProfile
Bill ElliottLLC FinanceProfile
Daniel OvokaitysChief OfficerProfile
Barbara JDG CounselProfile
Theresa WieseManaging ManagementProfile
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