FNB Corp Correlations

FNB Stock

USD 17.16 0.05 0.29%

The current 90-days correlation between FNB Corp and First Bancorp is 0.89 (i.e., Very poor diversification). The correlation of FNB Corp 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.

FNB Corp Correlation With Market

Poor diversification

The correlation between FNB Corp and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FNB Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FNB Corp. 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.

For information on how to trade FNB Stock refer to our How to Trade FNB Stock guide.

Moving together with FNB Stock

0.99	AX	Axos Financial	Pair Corr
0.98	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.99	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.96	RF	Regions Financial Sell-off Trend	Pair Corr
0.87	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.89	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.7	TECTP	Tectonic Financial	Pair Corr
0.68	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.92	EBTC	Enterprise Bancorp	Pair Corr
0.99	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.87	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.97	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.73	WAFD	Washington Federal	Pair Corr
0.91	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.69	BANC-PF	Banc of California	Pair Corr
0.94	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.73	ESSA	ESSA Bancorp	Pair Corr
0.76	EVBN	Evans Bancorp	Pair Corr
0.62	WSBCP	WesBanco	Pair Corr
0.8	WMPN	William Penn Bancorp	Pair Corr

Moving against FNB Stock

0.68	CFG-PE	Citizens Financial	Pair Corr
0.62	TFC-PO	Truist Financial	Pair Corr
0.62	TFC-PR	Truist Financial	Pair Corr
0.32	WF	Woori Financial Group	Pair Corr
0.46	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	STBA	CFB	EFSC	FBMS	FBP	LBAI	LNKB	FGBI	CWBC	HFWA
STBA		0.91	0.5	0.52	0.82	-0.04	0.34	0.43	0.83	0.5	STBA
CFB	0.91		0.54	0.57	0.71	0.03	0.37	0.38	0.88	0.54	CFB
EFSC	0.5	0.54		0.98	0.46	0.34	0.92	0.77	0.67	0.98	EFSC
FBMS	0.52	0.57	0.98		0.49	0.37	0.89	0.71	0.68	0.98	FBMS
FBP	0.82	0.71	0.46	0.49		0.27	0.29	0.32	0.54	0.46	FBP
LBAI	-0.04	0.03	0.34	0.37	0.27		0.21	0.33	0.11	0.29	LBAI
LNKB	0.34	0.37	0.92	0.89	0.29	0.21		0.76	0.51	0.93	LNKB
FGBI	0.43	0.38	0.77	0.71	0.32	0.33	0.76		0.63	0.73	FGBI
CWBC	0.83	0.88	0.67	0.68	0.54	0.11	0.51	0.63		0.66	CWBC
HFWA	0.5	0.54	0.98	0.98	0.46	0.29	0.93	0.73	0.66		HFWA
	STBA	CFB	EFSC	FBMS	FBP	LBAI	LNKB	FGBI	CWBC	HFWA

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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

FBMS	+ 0.98	EFSC
HFWA	+ 0.98	EFSC
HFWA	+ 0.98	FBMS
HFWA	+ 0.93	LNKB
LNKB	+ 0.92	EFSC
CFB	+ 0.91	STBA

High negative correlations

LBAI

- 0.04

STBA

Risk-Adjusted Indicators

There is a big difference between FNB Stock performing well and FNB Corp 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 FNB Corp'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
STBA	1.48	(0.20)	(0.03)	0.03	1.58	(1.76)	2.82	(2.36)	18.80
CFB	1.59	(0.29)	0.00	(0.02)	0.00	0.00	3.51	(3.00)	18.20
EFSC	1.45	(0.01)	0.08	0.12	1.38	(1.74)	2.99	(2.69)	19.91
FBMS	1.60	(0.04)	0.05	0.10	1.54	(1.97)	3.88	(3.51)	16.66
FBP	1.57	(0.24)	(0.04)	0.02	2.12	(1.62)	2.85	(3.55)	19.73
LBAI	2.10	0.04	(0.01)	0.20	2.36	(2.57)	4.82	(3.84)	12.84
LNKB	1.67	0.01	0.03	0.12	1.60	(2.23)	3.72	(2.70)	10.82
FGBI	1.42	0.36	0.21	0.89	1.05	(1.87)	3.89	(2.17)	7.97
CWBC	1.03	(0.01)	0.01	0.11	1.12	(1.11)	2.53	(2.16)	9.14
HFWA	1.56	0.02	0.08	0.13	1.62	(1.60)	3.20	(2.26)	19.67

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