Investar Holding Correlations

ISTR Stock

USD 22.41 0.05 0.22%

The current 90-days correlation between Investar Holding Corp and Lake Shore Bancorp is -0.1 (i.e., Good diversification). The correlation of Investar Holding 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.

Investar Holding Correlation With Market

Very weak diversification

The correlation between Investar Holding Corp and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Investar Holding Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Investar Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Investar Holding Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Investar Stock

0.91	AX	Axos Financial Earnings Call This Week	Pair Corr
0.93	BY	Byline Bancorp Earnings Call Tomorrow	Pair Corr
0.75	DB	Deutsche Bank AG Earnings Call Tomorrow	Pair Corr
0.65	KB	KB Financial Group	Pair Corr
0.74	NU	Nu Holdings	Pair Corr
0.87	PB	Prosperity Bancshares	Pair Corr
0.89	RF	Regions Financial Normal Trading	Pair Corr
0.79	WF	Woori Financial Group	Pair Corr
0.61	VABK	Virginia National	Pair Corr
0.87	VBTX	Veritex Holdings	Pair Corr
0.68	TECTP	Tectonic Financial	Pair Corr
0.9	TFC-PO	Truist Financial	Pair Corr
0.89	TFC-PR	Truist Financial	Pair Corr
0.93	CFG-PE	Citizens Financial	Pair Corr
0.88	CFG-PH	Citizens Financial Group,	Pair Corr
0.93	EFSC	Enterprise Financial	Pair Corr
0.69	EFSI	Eagle Financial Services Earnings Call Tomorrow	Pair Corr
0.71	EGBN	Eagle Bancorp	Pair Corr
0.68	KEY-PI	KeyCorp	Pair Corr
0.83	KEY-PJ	KeyCorp	Pair Corr
0.82	KEY-PK	KeyCorp	Pair Corr
0.68	KEY-PL	KeyCorp	Pair Corr
0.84	WABC	Westamerica Bancorporation	Pair Corr
0.87	WAFD	Washington Federal	Pair Corr
0.84	WASH	Washington Trust Bancorp	Pair Corr
0.66	BANC-PF	Banc of California	Pair Corr
0.8	EQBK	Equity Bancshares,	Pair Corr
0.95	ESSA	ESSA Bancorp	Pair Corr
0.67	TFINP	Triumph Financial	Pair Corr
0.89	EWBC	East West Bancorp	Pair Corr
0.76	WSBCP	WesBanco	Pair Corr
0.86	WNEB	Western New England	Pair Corr
0.63	WSBF	Waterstone Financial Normal Trading	Pair Corr

Moving against Investar Stock

0.34

TFC-PI

Truist Financial

Pair Corr

Related Correlations Analysis

	HFBL	LSBK	OVLY	CULL	FVCB	MBCN	BCML	CHMG
HFBL		0.42	0.55	0.0	0.36	0.26	0.43	0.4	HFBL
LSBK	0.42		0.7	0.0	0.16	0.76	0.35	0.31	LSBK
OVLY	0.55	0.7		0.0	0.44	0.75	0.6	0.52	OVLY
CULL	0.0	0.0	0.0		0.0	0.0	0.0	0.0	CULL
FVCB	0.36	0.16	0.44	0.0		0.13	0.81	0.93	FVCB
MBCN	0.26	0.76	0.75	0.0	0.13		0.36	0.27	MBCN
BCML	0.43	0.35	0.6	0.0	0.81	0.36		0.88	BCML
CHMG	0.4	0.31	0.52	0.0	0.93	0.27	0.88		CHMG
	HFBL	LSBK	OVLY	CULL	FVCB	MBCN	BCML	CHMG

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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

CHMG	+ 0.93	FVCB
CHMG	+ 0.88	BCML
BCML	+ 0.81	FVCB
MBCN	+ 0.76	LSBK
MBCN	+ 0.75	OVLY
OVLY	+ 0.7	LSBK

High negative correlations

CHMG	- 0.0	CULL
BCML	- 0.0	CULL
MBCN	- 0.0	CULL
FVCB	- 0.0	CULL
CULL	- 0.0	OVLY
CULL	- 0.0	LSBK

Risk-Adjusted Indicators

There is a big difference between Investar Stock performing well and Investar Holding 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 Investar Holding'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
HFBL	1.53	(0.02)	(0.07)	0.11	1.82	(2.06)	3.12	(3.20)	11.15
LSBK	0.90	0.21	(0.02)	(1.18)	0.97	(1.15)	1.90	(1.73)	10.18
OVLY	1.55	(0.06)	0.02	0.17	1.73	(1.66)	4.92	(3.37)	10.78
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FVCB	1.31	0.25	0.12	0.70	0.90	(1.70)	3.32	(1.86)	7.57
MBCN	1.69	0.18	0.11	0.36	1.66	(1.88)	3.98	(3.19)	13.08
BCML	1.23	0.01	(0.04)	0.22	1.16	(1.43)	2.52	(2.05)	5.61
CHMG	1.37	0.14	0.08	0.36	1.37	(1.55)	3.36	(2.58)	8.22

Investar Holding Corporate Management

Rachel Cherco	Chief Accounting Officer, Executive VP, Executive VP of Investar Bank and Chief Accounting Officer of Investar Bank	Profile
Randolf Kassmeier	Executive VP, General Counsel, Secretary, Executive VP of Investar Bank, General Counsel of Investar Bank and Secretary of Investar Bank	Profile
Jeffrey Martin	Executive Officer	Profile
Candace LeBlanc	Ex Officer	Profile
Jeffery Blum	Executive Banking	Profile

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