Midland States Correlations

MSBIP Stock

USD 23.70 0.18 0.75%

The current 90-days correlation between Midland States Bancorp and Dime Community Bancshares is -0.21 (i.e., Very good diversification). The correlation of Midland States 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.

Midland States Correlation With Market

Significant diversification

The correlation between Midland States Bancorp and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Midland States Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Midland Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Midland States Bancorp. 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.

Moving against Midland Stock

0.49	CFG-PH	Citizens Financial Group,	Pair Corr
0.46	EGBN	Eagle Bancorp Earnings Call Tomorrow	Pair Corr
0.44	TFC-PR	Truist Financial	Pair Corr
0.41	EFSI	Eagle Financial Services Earnings Call This Week	Pair Corr
0.37	TFC-PO	Truist Financial	Pair Corr
0.37	CFG-PE	Citizens Financial	Pair Corr
0.35	RF	Regions Financial Normal Trading	Pair Corr
0.32	EBMT	Eagle Bancorp Montana	Pair Corr
0.51	WAFD	Washington Federal	Pair Corr
0.47	FCBC	First Community Banc	Pair Corr
0.44	KEY-PK	KeyCorp	Pair Corr
0.43	WTBA	West Bancorporation Earnings Call This Week	Pair Corr
0.38	KEY-PJ	KeyCorp	Pair Corr
0.35	FBLA	FB Bancorp, Common	Pair Corr
0.33	EQBK	Equity Bancshares,	Pair Corr
0.33	FBIZ	First Business Financial Earnings Call Tomorrow	Pair Corr
0.32	BANFP	BFC Capital Trust	Pair Corr
0.32	WTFC	Wintrust Financial	Pair Corr

Related Correlations Analysis

	DCOMP	FRMEP	FGBIP	KEY-PL	TCBIO	MBINM	UCB	WTFCP
DCOMP		0.12	0.1	0.12	0.27	0.22	0.66	0.33	DCOMP
FRMEP	0.12		0.33	0.2	0.02	-0.11	0.2	0.06	FRMEP
FGBIP	0.1	0.33		-0.36	-0.54	-0.25	-0.09	-0.43	FGBIP
KEY-PL	0.12	0.2	-0.36		0.74	0.09	0.71	0.83	KEY-PL
TCBIO	0.27	0.02	-0.54	0.74		0.45	0.68	0.93	TCBIO
MBINM	0.22	-0.11	-0.25	0.09	0.45		0.16	0.35	MBINM
UCB	0.66	0.2	-0.09	0.71	0.68	0.16		0.79	UCB
WTFCP	0.33	0.06	-0.43	0.83	0.93	0.35	0.79		WTFCP
	DCOMP	FRMEP	FGBIP	KEY-PL	TCBIO	MBINM	UCB	WTFCP

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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

WTFCP	+ 0.93	TCBIO
WTFCP	+ 0.83	KEY-PL
WTFCP	+ 0.79	UCB
TCBIO	+ 0.74	KEY-PL
UCB	+ 0.71	KEY-PL
UCB	+ 0.68	TCBIO

High negative correlations

TCBIO	- 0.54	FGBIP
WTFCP	- 0.43	FGBIP
KEY-PL	- 0.36	FGBIP
MBINM	- 0.25	FGBIP
MBINM	- 0.11	FRMEP
UCB	- 0.09	FGBIP

Risk-Adjusted Indicators

There is a big difference between Midland Stock performing well and Midland States 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 Midland States' 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
DCOMP	0.81	0.03	(0.07)	0.29	1.10	(0.80)	1.57	(1.80)	5.03
FRMEP	0.35	0.01	(0.15)	0.24	0.41	(0.66)	1.33	(0.75)	4.23
FGBIP	0.46	0.04	(0.13)	0.61	0.57	(0.62)	0.97	(1.44)	3.46
KEY-PL	0.37	0.04	(0.25)	0.42	0.29	(0.47)	0.71	(0.70)	2.60
TCBIO	0.55	0.05	(0.13)	0.64	0.64	(0.58)	1.08	(1.21)	2.89
MBINM	0.33	0.02	(0.34)	6.44	0.38	(0.43)	1.02	(0.68)	2.93
UCB	1.23	0.08	0.07	0.23	1.18	(1.42)	2.95	(2.16)	7.87
WTFCP	0.04	0.02	0.00	(0.61)	0.00	0.00	0.08	(0.04)	0.28

Midland States Corporate Management

Danny CFA	Senior Banking	Profile
Daniel Casey	Senior Bank	Profile
Jeffrey Brunoehler	Senior Bank	Profile
Timothy Spitz	Senior Banking	Profile
CFA CFA	Executive Management	Profile

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