FNCB Bancorp Correlations

Summary

FNCBDelisted Stock

USD 6.75 0.40 6.30%

The current 90-days correlation between FNCB Bancorp and LINKBANCORP is 0.01 (i.e., Significant diversification). The correlation of FNCB Bancorp 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.

FNCB Bancorp Correlation With Market

Modest diversification

The correlation between FNCB Bancorp and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FNCB Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with FNCB Stock

0.67	HPQ	HP Inc	Pair Corr
0.73	DIS	Walt Disney	Pair Corr
0.63	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.71	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr

Moving against FNCB Stock

0.61	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.59	SGD	Safe and Green	Pair Corr
0.58	KO	Coca Cola Aggressive Push	Pair Corr
0.4	QLGN	Qualigen Therapeutics Trending	Pair Corr
0.32	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	HFBL	LNKB	RBKB	LSBK	ORRF	CWBC	HMNF	FNWB	OFED	CULL
HFBL		0.05	0.14	0.18	0.11	-0.04	-0.1	0.02	-0.15	0.11	HFBL
LNKB	0.05		0.57	0.54	0.92	0.35	0.52	-0.3	-0.59	-0.36	LNKB
RBKB	0.14	0.57		0.78	0.62	-0.29	0.55	-0.37	-0.81	-0.48	RBKB
LSBK	0.18	0.54	0.78		0.61	-0.25	0.3	-0.37	-0.77	-0.45	LSBK
ORRF	0.11	0.92	0.62	0.61		0.36	0.58	-0.13	-0.67	-0.41	ORRF
CWBC	-0.04	0.35	-0.29	-0.25	0.36		0.17	0.5	0.35	-0.17	CWBC
HMNF	-0.1	0.52	0.55	0.3	0.58	0.17		0.05	-0.34	-0.5	HMNF
FNWB	0.02	-0.3	-0.37	-0.37	-0.13	0.5	0.05		0.49	-0.06	FNWB
OFED	-0.15	-0.59	-0.81	-0.77	-0.67	0.35	-0.34	0.49		0.36	OFED
CULL	0.11	-0.36	-0.48	-0.45	-0.41	-0.17	-0.5	-0.06	0.36		CULL
	HFBL	LNKB	RBKB	LSBK	ORRF	CWBC	HMNF	FNWB	OFED	CULL

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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

ORRF	+ 0.92	LNKB
LSBK	+ 0.78	RBKB
ORRF	+ 0.62	RBKB
ORRF	+ 0.61	LSBK
HMNF	+ 0.58	ORRF
RBKB	+ 0.57	LNKB

High negative correlations

OFED	- 0.81	RBKB
OFED	- 0.77	LSBK
OFED	- 0.67	ORRF
OFED	- 0.59	LNKB
CULL	- 0.5	HMNF
CULL	- 0.48	RBKB

Risk-Adjusted Indicators

There is a big difference between FNCB Stock performing well and FNCB Bancorp 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 FNCB Bancorp'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
HFBL	1.75	0.01	(0.01)	0.11	2.40	(3.13)	3.82	(4.31)	21.70
LNKB	1.72	0.10	0.08	0.17	1.54	(2.35)	4.29	(2.70)	10.82
RBKB	1.28	0.25	0.13	0.74	1.11	(1.65)	4.15	(2.65)	9.98
LSBK	1.15	0.09	0.02	0.33	1.25	(1.59)	3.69	(2.95)	8.55
ORRF	1.10	0.11	0.13	0.17	0.96	(1.22)	2.84	(2.38)	12.95
CWBC	1.03	0.03	0.04	0.12	1.08	(1.11)	2.53	(2.16)	9.14
HMNF	1.88	0.38	0.13	2.31	1.85	(2.37)	4.29	(3.19)	13.15
FNWB	1.55	0.05	0.00	0.17	1.69	(1.77)	4.11	(2.82)	14.21
OFED	2.13	(0.22)	0.00	1.09	0.00	0.00	3.48	(5.28)	12.66
CULL	0.51	(0.12)	0.00	(5.70)	0.00	0.00	1.18	(1.64)	4.73

View FNCB Bancorp Related Equities

Home Federal Bancorp LINKBANCORP Rhinebeck Bancorp Lake Shore Bancorp Orrstown Financial Services Community West Bancshares HMN Financial First Northwest Bancorp Oconee Federal Financial Cullman Bancorp HV Bancorp Magyar Bancorp Oak Valley Bancorp First Financial Northwest First Capital

Risk & Return

Correlation

FNCB Bancorp Corporate Management

Mary Cummings	Sr. VP and General Counsel	Profile
Dawn Gronski	Senior Officer	Profile
CPA CPA	VP Officer	Profile
Donna Yanuzzi	Executive Officer	Profile
James Chiaro	Executive Officer	Profile
Midge MacArthur	Vice Manager	Profile

Still Interested in FNCB Bancorp?

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