ACNB Correlations

Stocks . USA . 
Stock . ACNB Corporation
ACNB Stock  USD 46.86  0.22  0.47%   
The current 90-days correlation between ACNB and American National Bankshares is -0.03 (i.e., Good diversification). The correlation of ACNB 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.

ACNB Correlation With Market

Poor diversification

The correlation between ACNB Corp. and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ACNB Corp. 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 ACNB Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with ACNB Stock

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  0.77VABK Virginia NationalPairCorr
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  0.92VBTX Veritex Holdings Fiscal Year End 28th of January 2025 PairCorr
  0.73TECTP Tectonic FinancialPairCorr
  0.76EBMT Eagle Bancorp Montana Normal TradingPairCorr
  0.97EBTC Enterprise BancorpPairCorr
  0.64ECBK ECB BancorpPairCorr
  0.92EFSC Enterprise Financial Fiscal Year End 27th of January 2025 PairCorr
  0.86EGBN Eagle Bancorp Fiscal Year End 22nd of January 2025 PairCorr
  0.66KEY-PJ KeyCorpPairCorr
  0.68KEY-PK KeyCorpPairCorr
  0.65KEY-PL KeyCorpPairCorr
  0.89WABC Westamerica Bancorporation Fiscal Year End 16th of January 2025 PairCorr
  0.64WAFD Washington FederalPairCorr
  0.88WASH Washington Trust Bancorp Fiscal Year End 22nd of January 2025 PairCorr
  0.66BANC-PF Banc of CaliforniaPairCorr
  0.91EQBK Equity Bancshares, Fiscal Year End 22nd of January 2025 PairCorr
  0.86ESSA ESSA BancorpPairCorr
  0.89EVBN Evans BancorpPairCorr
  0.73WSBCP WesBancoPairCorr

Moving against ACNB Stock

  0.45CFG-PE Citizens FinancialPairCorr
  0.44TFC-PO Truist FinancialPairCorr
  0.41TFC-PR Truist FinancialPairCorr
  0.52FRCIL First Republic BankPairCorr
  0.43FRCCL First Republic BankPairCorr
  0.43FRCHL First Republic BankPairCorr
  0.35WBBW Westbury BancorpPairCorr

Related Correlations Analysis

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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
+ 0.87
BWFG
CVLY
+ 0.57
AMNB
CHMG
+ 0.4
AMNB
BWFG
+ 0.3
AMNB
ATLO
+ 0.19
BWFG
CHMG
+ 0.1
CVLY
  
High negative correlations   
ATLO
- 0.41
AMNB
ATLO
- 0.4
CVLY

Risk-Adjusted Indicators

There is a big difference between ACNB Stock performing well and ACNB 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 ACNB'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.

ACNB Corporate Management

James HeltExecutive VP of Banking Services of ACNB BankProfile
Lynda GlassChief Governance Officer, Executive VP and SecretaryProfile
Kevin EsqGeneral VPProfile
Brett FulkExecutive OfficerProfile
Douglas SeibelExecutive BankProfile
CFA CPACFO VPProfile
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