First Busey Correlations
| BUSE Stock | USD 22.16 0.04 0.18% |
The correlation of First Busey 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Busey moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Busey Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very weak diversification
The correlation between First Busey Corp and NYA is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Busey Corp and NYA in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to First Busey could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Busey when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Busey - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Busey Corp to buy it.
Moving together with First Stock
| 0.74 | AX | Axos Financial Financial Report 25th of April 2024 | PairCorr |
| 0.77 | BY | Byline Bancorp Report 25th of April 2024 | PairCorr |
| 0.85 | PB | Prosperity Bancshares Report 24th of April 2024 | PairCorr |
| 0.67 | VABK | Virginia National Earnings Call Today | PairCorr |
| 0.73 | VBTX | Veritex Holdings Report 23rd of April 2024 | PairCorr |
Related Correlations Analysis
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Our tools can tell you how much better you can do entering a position in First Busey without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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First Busey Corporate Directors
First Busey corporate directors refer to members of a First Busey board of directors. The board of directors generally takes responsibility for the First Busey's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of First Busey's board members must vote for the resolution. The First Busey board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| E Knox | Director | Profile | |
| Stanley Bradshaw | Independent Director | Profile | |
| August Meyer | Independent Director | Profile | |
| Jon Stewart | Director | Profile |
Already Invested in First Busey Corp?
The danger of trading First Busey Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of First Busey is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than First Busey. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile First Busey Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether First Busey Corp is a strong investment it is important to analyze First Busey's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact First Busey's future performance. For an informed investment choice regarding First Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in First Busey Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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When running First Busey's price analysis, check to measure First Busey's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Busey is operating at the current time. Most of First Busey's value examination focuses on studying past and present price action to predict the probability of First Busey's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Busey's price. Additionally, you may evaluate how the addition of First Busey to your portfolios can decrease your overall portfolio volatility.
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Is First Busey's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Busey. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Busey listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.26) | Dividend Share 0.96 | Earnings Share 2.18 | Revenue Per Share 7.927 | Quarterly Revenue Growth (0.09) |
The market value of First Busey Corp is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Busey's value that differs from its market value or its book value, called intrinsic value, which is First Busey's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Busey's market value can be influenced by many factors that don't directly affect First Busey's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Busey's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Busey is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Busey's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.