Business First Correlations

BFST Stock

USD 28.72 0.12 0.42%

The current 90-days correlation between Business First Bancshares and Community West Bancshares is 0.76 (i.e., Poor diversification). The correlation of Business First 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.

Business First Correlation With Market

Poor diversification

The correlation between Business First Bancshares and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Business First Bancshares and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Business First Bancshares. 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.

Moving together with Business Stock

0.9	AX	Axos Financial	Pair Corr
0.91	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.92	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.91	RF	Regions Financial Sell-off Trend	Pair Corr
0.75	VABK	Virginia National	Pair Corr
0.87	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.94	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.73	TECTP	Tectonic Financial	Pair Corr
0.82	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.95	EBTC	Enterprise Bancorp	Pair Corr
0.62	ECBK	ECB Bancorp	Pair Corr
0.94	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.91	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.68	KEY-PJ	KeyCorp	Pair Corr
0.68	KEY-PK	KeyCorp	Pair Corr
0.7	KEY-PL	KeyCorp	Pair Corr
0.93	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.61	WAFD	Washington Federal	Pair Corr
0.93	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.76	BANC-PF	Banc of California	Pair Corr
0.95	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.86	ESSA	ESSA Bancorp	Pair Corr
0.92	EVBN	Evans Bancorp	Pair Corr
0.76	WSBCP	WesBanco	Pair Corr

Moving against Business Stock

0.45	WF	Woori Financial Group	Pair Corr
0.45	CFG-PE	Citizens Financial	Pair Corr
0.44	TFC-PO	Truist Financial	Pair Corr
0.42	TFC-PR	Truist Financial	Pair Corr
0.48	FRCIL	First Republic Bank	Pair Corr
0.45	FRCCL	First Republic Bank	Pair Corr
0.45	FRCHL	First Republic Bank	Pair Corr
0.32	WBBW	Westbury Bancorp	Pair Corr

Related Correlations Analysis

	FCCO	CWBC	FFNW	FNWB	HFBL	HMNF	FCAP	ISTR	FNWD
FCCO		0.56	-0.19	0.07	0.07	0.6	-0.04	0.94	0.34	FCCO
CWBC	0.56		-0.09	0.62	-0.04	0.44	-0.64	0.46	-0.33	CWBC
FFNW	-0.19	-0.09		0.3	-0.04	0.1	-0.09	-0.22	-0.14	FFNW
FNWB	0.07	0.62	0.3		0.02	0.26	-0.65	0.02	-0.53	FNWB
HFBL	0.07	-0.04	-0.04	0.02		-0.16	0.14	0.14	0.13	HFBL
HMNF	0.6	0.44	0.1	0.26	-0.16		-0.17	0.62	0.21	HMNF
FCAP	-0.04	-0.64	-0.09	-0.65	0.14	-0.17		0.07	0.8	FCAP
ISTR	0.94	0.46	-0.22	0.02	0.14	0.62	0.07		0.49	ISTR
FNWD	0.34	-0.33	-0.14	-0.53	0.13	0.21	0.8	0.49		FNWD
	FCCO	CWBC	FFNW	FNWB	HFBL	HMNF	FCAP	ISTR	FNWD

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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

ISTR	+ 0.94	FCCO
FNWD	+ 0.8	FCAP
FNWB	+ 0.62	CWBC
ISTR	+ 0.62	HMNF
HMNF	+ 0.6	FCCO
CWBC	+ 0.56	FCCO

High negative correlations

FCAP	- 0.65	FNWB
FCAP	- 0.64	CWBC
FNWD	- 0.53	FNWB
FNWD	- 0.33	CWBC
ISTR	- 0.22	FFNW
FFNW	- 0.19	FCCO

Risk-Adjusted Indicators

There is a big difference between Business Stock performing well and Business First 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 Business First'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
FCCO	1.24	0.17	0.12	0.30	1.00	(1.43)	3.05	(2.20)	10.76
CWBC	1.03	0.00	0.02	0.11	1.12	(1.11)	2.53	(2.16)	9.14
FFNW	0.61	(0.02)	(0.12)	0.05	0.76	(0.65)	1.65	(1.13)	4.32
FNWB	1.65	0.02	(0.01)	0.14	1.74	(1.92)	4.11	(2.82)	14.21
HFBL	1.56	(0.16)	0.00	(0.27)	0.00	0.00	3.75	(4.31)	17.43
HMNF	1.88	0.36	0.12	1.37	1.85	(2.37)	4.29	(3.19)	13.15
FCAP	1.79	(0.02)	(0.05)	0.01	2.07	(2.37)	6.22	(4.11)	14.42
ISTR	1.46	0.22	0.19	0.24	1.11	(1.66)	3.41	(2.50)	17.09
FNWD	0.96	0.17	0.07	0.74	0.74	(1.21)	2.48	(1.80)	12.55

Business First Corporate Management

Margaret Lee	Chief VP	Profile
Saundra Strong	General VP	Profile
Matthew Sealy	Sr FPA	Profile
Rodney Seaford	Regional SWLA	Profile
Norman Vascocu	Executive Officer	Profile

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