First Mid Correlations

FMBH Stock

USD 40.41 0.35 0.86%

The current 90-days correlation between First Mid Illinois and Southside Bancshares, is 0.75 (i.e., Poor diversification). The correlation of First Mid 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 Mid Correlation With Market

Very weak diversification

The correlation between First Mid Illinois 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 First Mid Illinois 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 Mid Illinois. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with First Stock

0.63	BIRG	Bank of Ireland	Pair Corr
0.92	RF	Regions Financial	Pair Corr
0.92	MTB	MT Bank	Pair Corr
0.95	TFC	Truist Financial Corp Sell-off Trend	Pair Corr
0.94	WBS	Webster Financial	Pair Corr
0.85	HBAN	Huntington Bancshares	Pair Corr
0.87	FMCB	Farmers Merchants Bancorp	Pair Corr
0.68	FUWAF	Furukawa Electric	Pair Corr
0.66	MTC	MMTEC Inc Tech Boost	Pair Corr
0.78	GKOS	Glaukos Corp	Pair Corr
0.67	DRXGF	Drax Group plc	Pair Corr
0.91	ALRS	Alerus Financial Corp	Pair Corr
0.88	CVNA	Carvana	Pair Corr

Moving against First Stock

0.38

NDEKY

Nitto Denko Corp

Pair Corr

Related Correlations Analysis

	SBSI	UVSP	TMP	AMAL	BHRB	HAFC	DCOM	FSUN	BFST	MOFG
SBSI		0.97	0.98	0.97	0.95	0.82	0.62	0.0	0.94	0.67	SBSI
UVSP	0.97		0.97	0.97	0.98	0.85	0.6	0.0	0.95	0.69	UVSP
TMP	0.98	0.97		0.97	0.96	0.8	0.63	0.03	0.93	0.66	TMP
AMAL	0.97	0.97	0.97		0.94	0.88	0.54	-0.03	0.97	0.75	AMAL
BHRB	0.95	0.98	0.96	0.94		0.81	0.61	0.03	0.92	0.65	BHRB
HAFC	0.82	0.85	0.8	0.88	0.81		0.14	-0.4	0.94	0.94	HAFC
DCOM	0.62	0.6	0.63	0.54	0.61	0.14		0.73	0.37	-0.11	DCOM
FSUN	0.0	0.0	0.03	-0.03	0.03	-0.4	0.73		-0.24	-0.6	FSUN
BFST	0.94	0.95	0.93	0.97	0.92	0.94	0.37	-0.24		0.86	BFST
MOFG	0.67	0.69	0.66	0.75	0.65	0.94	-0.11	-0.6	0.86		MOFG
	SBSI	UVSP	TMP	AMAL	BHRB	HAFC	DCOM	FSUN	BFST	MOFG

Please upgrade your account to get full access to Macroaxis premium features

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

TMP	+ 0.98	SBSI
BHRB	+ 0.98	UVSP
UVSP	+ 0.97	SBSI
AMAL	+ 0.97	SBSI
TMP	+ 0.97	UVSP
AMAL	+ 0.97	UVSP

High negative correlations

MOFG	- 0.6	FSUN
FSUN	- 0.4	HAFC
BFST	- 0.24	FSUN
MOFG	- 0.11	DCOM
FSUN	- 0.03	AMAL
FSUN	- 0.0	UVSP

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Mid 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 Mid'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
SBSI	1.19	0.04	0.02	0.10	1.47	(1.33)	2.72	(2.51)	8.46
UVSP	1.26	0.07	0.06	0.11	1.37	(1.40)	3.50	(2.26)	7.89
TMP	1.32	0.07	0.05	0.12	1.64	(1.40)	3.48	(2.54)	8.74
AMAL	1.43	0.18	0.10	0.20	1.77	(1.65)	3.19	(2.09)	10.14
BHRB	1.22	0.00	0.00	0.05	1.63	(1.28)	2.98	(2.92)	9.50
HAFC	1.26	0.15	0.09	0.22	1.41	(1.58)	3.23	(1.73)	12.14
DCOM	1.48	(0.02)	0.00	0.05	2.38	(1.46)	3.62	(3.43)	11.22
FSUN	1.75	(0.06)	(0.01)	0.00	3.82	(1.61)	3.49	(2.68)	20.45
BFST	1.15	0.12	0.08	0.17	1.40	(1.31)	2.88	(2.79)	10.57
MOFG	1.92	0.46	0.29	0.27	1.39	(2.47)	2.91	(3.17)	43.84

First Mid Corporate Management

Eric McRae	Executive VP, Executive VP of First Mid-Illinois Bank and Trust, N.A. and Sr. Lender of First Mid-Illinois Bank and Trust, N.A.	Profile
Megan McElwee	Senior Officer	Profile
David Hiden	Senior Officer	Profile
Anya Schuetz	Senior Management	Profile
Rhonda Gatons	Executive Resources	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC