Farmers National Correlations

FMNB Stock

USD 12.95 0.34 2.56%

The current 90-days correlation between Farmers National Banc and First Business Financial is 0.69 (i.e., Poor diversification). The correlation of Farmers National 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.

Farmers National Correlation With Market

Very weak diversification

The correlation between Farmers National Banc and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Farmers National Banc 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 Farmers National Banc. 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 Farmers Stock

0.78	BY	Byline Bancorp	Pair Corr
0.75	VABK	Virginia National	Pair Corr
0.77	VBTX	Veritex Holdings	Pair Corr
0.62	EBTC	Enterprise Bancorp	Pair Corr
0.68	EQBK	Equity Bancshares,	Pair Corr
0.69	EVBN	Evans Bancorp	Pair Corr
0.65	WMPN	William Penn Bancorp	Pair Corr
0.83	WNEB	Western New England	Pair Corr

Moving against Farmers Stock

0.59	VBFC	Village Bank	Pair Corr
0.32	KEY-PI	KeyCorp	Pair Corr

Related Correlations Analysis

	FBIZ	OFED	OPOF	CULL	PKBK	IBCP	STBA	PFBC	LNKB	OVLY
FBIZ		0.0	0.28	0.0	0.05	0.33	0.76	0.71	0.22	0.04	FBIZ
OFED	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	OFED
OPOF	0.28	0.0		0.0	-0.64	-0.73	0.13	-0.35	-0.27	-0.37	OPOF
CULL	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	CULL
PKBK	0.05	0.0	-0.64	0.0		0.85	0.51	0.61	0.75	0.77	PKBK
IBCP	0.33	0.0	-0.73	0.0	0.85		0.5	0.85	0.65	0.62	IBCP
STBA	0.76	0.0	0.13	0.0	0.51	0.5		0.72	0.58	0.44	STBA
PFBC	0.71	0.0	-0.35	0.0	0.61	0.85	0.72		0.55	0.44	PFBC
LNKB	0.22	0.0	-0.27	0.0	0.75	0.65	0.58	0.55		0.83	LNKB
OVLY	0.04	0.0	-0.37	0.0	0.77	0.62	0.44	0.44	0.83		OVLY
	FBIZ	OFED	OPOF	CULL	PKBK	IBCP	STBA	PFBC	LNKB	OVLY

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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

IBCP	+ 0.85	PKBK
PFBC	+ 0.85	IBCP
OVLY	+ 0.83	LNKB
OVLY	+ 0.77	PKBK
STBA	+ 0.76	FBIZ
LNKB	+ 0.75	PKBK

High negative correlations

IBCP	- 0.73	OPOF
PKBK	- 0.64	OPOF
OVLY	- 0.37	OPOF
PFBC	- 0.35	OPOF
LNKB	- 0.27	OPOF
OVLY	- 0.0	CULL

Risk-Adjusted Indicators

There is a big difference between Farmers Stock performing well and Farmers National 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 Farmers National'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
FBIZ	1.50	0.03	0.00	(0.03)	0.00	0.00	2.86	(3.19)	8.96
OFED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OPOF	1.12	0.32	0.23	2.26	1.20	(1.34)	3.51	(1.51)	10.73
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PKBK	1.16	(0.23)	0.00	(0.43)	0.00	0.00	1.90	(2.62)	4.84
IBCP	1.26	(0.21)	0.00	(0.26)	0.00	0.00	2.35	(3.04)	7.48
STBA	1.25	(0.13)	0.00	(0.21)	0.00	0.00	2.46	(3.50)	7.27
PFBC	1.18	(0.06)	0.00	(0.14)	0.00	0.00	2.62	(2.82)	7.04
LNKB	1.44	(0.11)	0.00	(0.19)	0.00	0.00	3.17	(2.96)	8.31
OVLY	1.48	(0.26)	0.00	(0.46)	0.00	0.00	2.38	(3.77)	11.49

Farmers National Corporate Management

James CPA	Senior Officer	Profile
Christopher Smerglia	VP Leader	Profile
Mark JD	Executive Officer	Profile
Bryan Sahli	Compliance Officer	Profile
Anita Jarvis	Assistant Auditor	Profile

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