Renasant Correlations
| RNST Stock | USD 34.78 0.31 0.90% |
The current 90-days correlation between Renasant and Simmons First National is 0.83 (i.e., Very poor diversification). The correlation of Renasant 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Renasant Correlation With Market
Very weak diversification
The correlation between Renasant and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Renasant and DJI in the same portfolio, assuming nothing else is changed.
Renasant |
Moving together with Renasant Stock
| 0.69 | BY | Byline Bancorp | PairCorr |
| 0.86 | NU | Nu Holdings Aggressive Push | PairCorr |
| 0.83 | PB | Prosperity Bancshares | PairCorr |
| 0.7 | RF | Regions Financial | PairCorr |
| 0.76 | EBTC | Enterprise Bancorp Normal Trading | PairCorr |
| 0.9 | EFSC | Enterprise Financial | PairCorr |
| 0.69 | WASH | Washington Trust Bancorp | PairCorr |
| 0.68 | EQBK | Equity Bancshares, | PairCorr |
| 0.83 | ESSA | ESSA Bancorp | PairCorr |
| 0.71 | TFINP | Triumph Financial | PairCorr |
| 0.65 | EVBN | Evans Bancorp | PairCorr |
| 0.75 | EWBC | East West Bancorp | PairCorr |
| 0.78 | WMPN | William Penn Bancorp | PairCorr |
Moving against Renasant Stock
Related Correlations Analysis
| 0.78 | 0.97 | 0.91 | 0.59 | SFNC | ||
| 0.78 | 0.75 | 0.91 | 0.81 | TRMK | ||
| 0.97 | 0.75 | 0.87 | 0.62 | SASR | ||
| 0.91 | 0.91 | 0.87 | 0.72 | SYBT | ||
| 0.59 | 0.81 | 0.62 | 0.72 | STBA | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Renasant Stock performing well and Renasant 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 Renasant'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SFNC | 1.16 | (0.12) | 0.00 | (0.23) | 0.00 | 1.80 | 7.84 | |||
| TRMK | 1.35 | (0.04) | 0.00 | (0.14) | 0.00 | 2.37 | 8.32 | |||
| SASR | 1.34 | (0.24) | 0.00 | (0.32) | 0.00 | 2.35 | 10.75 | |||
| SYBT | 1.33 | (0.06) | 0.00 | (0.16) | 0.00 | 2.70 | 7.91 | |||
| STBA | 1.24 | (0.05) | 0.00 | (0.17) | 0.00 | 2.46 | 7.35 |
Renasant Corporate Executives
Elected by the shareholders, the Renasant's board of directors comprises two types of representatives: Renasant inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Renasant. The board's role is to monitor Renasant's management team and ensure that shareholders' interests are well served. Renasant's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Renasant's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kevin Chapman | CFO, Executive VP, Sr. Executive VP of Renasant Bank and CFO of Renasant Bank | Profile | |
| James IV | Executive CFO | Profile |