Midland States Correlations

MSBI Stock

USD 26.58 0.49 1.81%

The current 90-days correlation between Midland States Bancorp and MidWestOne Financial Group is -0.07 (i.e., 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.

Midland States Correlation With Market

Poor diversification

The correlation between Midland States Bancorp and DJI is 0.63 (i.e., Poor 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.

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 bureau of labor statistics.

Moving together with Midland Stock

0.96	AX	Axos Financial	Pair Corr
0.95	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.61	KB	KB Financial Group	Pair Corr
0.95	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.95	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.62	VABK	Virginia National	Pair Corr
0.93	VBNK	VersaBank Earnings Call This Week	Pair Corr
0.95	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.85	TECTP	Tectonic Financial	Pair Corr
0.84	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.94	EBTC	Enterprise Bancorp	Pair Corr
0.64	ECBK	ECB Bancorp	Pair Corr
0.97	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.96	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.64	KEY-PJ	KeyCorp	Pair Corr
0.65	KEY-PK	KeyCorp	Pair Corr
0.66	KEY-PL	KeyCorp	Pair Corr
0.97	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.64	WAFD	Washington Federal	Pair Corr
0.95	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.73	BANC-PF	Banc of California	Pair Corr
0.96	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.83	ESSA	ESSA Bancorp	Pair Corr
0.87	EVBN	Evans Bancorp	Pair Corr
0.79	WSBCP	WesBanco	Pair Corr

Moving against Midland Stock

0.75	CFG-PE	Citizens Financial	Pair Corr
0.7	TFC-PO	Truist Financial	Pair Corr
0.69	TFC-PR	Truist Financial	Pair Corr
0.4	WF	Woori Financial Group	Pair Corr
0.47	WAFDP	Washington Federal	Pair Corr
0.41	FRCIL	First Republic Bank	Pair Corr
0.39	WBBW	Westbury Bancorp	Pair Corr
0.34	FRCCL	First Republic Bank	Pair Corr
0.34	FRCHL	First Republic Bank	Pair Corr

Related Correlations Analysis

	MOFG	EQBK	FMBH	CNOB	CIVB
MOFG		0.92	0.89	0.84	0.88	MOFG
EQBK	0.92		0.89	0.91	0.94	EQBK
FMBH	0.89	0.89		0.91	0.82	FMBH
CNOB	0.84	0.91	0.91		0.85	CNOB
CIVB	0.88	0.94	0.82	0.85		CIVB
	MOFG	EQBK	FMBH	CNOB	CIVB

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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
MOFG	1.52	0.23	0.07	10.12	1.56	(1.80)	3.77	(3.07)	12.68
EQBK	1.54	0.04	0.10	0.13	1.31	(2.02)	3.83	(2.24)	12.41
FMBH	1.48	(0.14)	(0.02)	0.03	1.58	(1.83)	2.87	(2.64)	18.64
CNOB	1.83	(0.10)	0.02	0.06	1.87	(2.24)	3.44	(3.03)	20.79
CIVB	1.35	0.32	0.25	0.34	0.95	(1.58)	3.67	(1.94)	10.55

Midland States Corporate Management

Danny CFA	Senior Banking	Profile
Daniel Casey	Senior Bank	Profile
Timothy Spitz	Senior Banking	Profile
CFA CFA	Senior Banking	Profile

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