FNB Corp Correlations

FNB
 Stock
  

USD 11.04  0.18  1.66%   

The correlation of FNB Corp is a statistical measure of how it moves in relation to other equities. 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 FNB Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FNB 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.
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The ability to find closely correlated positions to FNB Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FNB Corp 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 FNB Corp - 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 FNB Corp to buy it.

Moving together with FNB Corp

0.82ABTXAllegiance Banc CSPairCorr
0.61ACNBAcnb CorpPairCorr
0.67AFBIAffinity BancsharesPairCorr
0.84ALRSAlerus Financial CorpPairCorr
0.85AMNBAmerican Natl BkshPairCorr
0.73AMTBMercantil Bank HoldingPairCorr
0.95ASBAssociated Banc CorpPairCorr
0.62ASRVAmeriserv FinancialPairCorr
0.77ATLOAmes Natl CorpPairCorr
0.9AUBAtlantic Union BancsharesPairCorr
0.73AUBNAuburn Natl BncpPairCorr
0.87AXAxos Financial Fiscal Year End 4th of August 2022 PairCorr
0.92BANCBanc Of CaliforniaPairCorr

Moving against FNB Corp

0.72ACBIAtlantic Capital BanPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
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DDAA
DDCAT
AAJPM
DDMSFT
  
High negative correlations   

FNB Corp Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between FNB Corp stock performing well and FNB Corp company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze FNB Corp's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
JPM 1.46 (0.10)  0.00 (0.29)  0.00 (0.06)  0.00  2.98 (3.00)  10.78 
CAT 1.74 (0.10)  0.00 (0.29)  0.00 (0.0486)  0.00  3.20 (4.35)  10.92 
CVX 1.81  0.03  0.00 (0.16)  0.00  0.0203  0.00  3.06 (4.60)  10.25 
MSFT 1.92  0.00  0.00 (0.19)  0.00 (0.0357)  0.00  2.97 (4.24)  9.36 
AA 3.25 (0.61)  0.00 (0.51)  0.00 (0.18)  0.00  5.10 (6.70)  21.93 
DD 1.57 (0.28)  0.00 (0.42)  0.00 (0.16)  0.00  3.00 (3.87)  9.53 
WMT 1.36 (0.15)  0.00 (0.47)  0.00 (0.0313)  0.00  2.43 (2.47)  13.98 
T 1.31  0.40  0.28  0.41  1.37  0.26 (1.50)  2.99 (2.47)  12.17 
KO 1.05  0.21  0.14  0.09  1.75  0.17 (1.01)  2.14 (2.01)  10.05 

Be your own money manager

Our tools can tell you how much better you can do entering a position in FNB Corp without increasing your portfolio risk or giving up 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.

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FNB Corp Corporate Directors

FNB Corp corporate directors refer to members of a FNB Corp board of directors. The board of directors generally takes responsibility for the FNB Corp'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 FNB Corp's board members must vote for the resolution. The FNB Corp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
William Campbell - Lead Independent DirectorProfile
Arthur Rooney - Independent DirectorProfile
Robert McCarthy - DirectorProfile
Heidi Nicholas - Independent DirectorProfile

Investing FNB Corp

You need to understand the risk of investing before taking a position in FNB Corp. The danger of trading FNB 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 FNB Corp 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 FNB Corp. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile FNB 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.
Please check Investing Opportunities. Note that the FNB Corp information on this page should be used as a complementary analysis to other FNB Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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When running FNB Corp price analysis, check to measure FNB Corp'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 FNB Corp is operating at the current time. Most of FNB Corp's value examination focuses on studying past and present price action to predict the probability of FNB Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move FNB Corp's price. Additionally, you may evaluate how the addition of FNB Corp to your portfolios can decrease your overall portfolio volatility.
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Is FNB Corp'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 FNB Corp. If investors know FNB Corp 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 FNB Corp 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 YOY
-0.47
Market Capitalization
3.9 B
Quarterly Revenue Growth YOY
-0.019
Return On Assets
0.0091
Return On Equity
0.0701
The market value of FNB Corp is measured differently than its book value, which is the value of FNB Corp that is recorded on the company's balance sheet. Investors also form their own opinion of FNB Corp's value that differs from its market value or its book value, called intrinsic value, which is FNB Corp'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 FNB Corp's market value can be influenced by many factors that don't directly affect FNB Corp'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 FNB Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine FNB Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FNB Corp'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.