Renasant Correlations

RNST Stock

USD 39.59 0.60 1.54%

The current 90-days correlation between Renasant and Fulton Financial is 0.79 (i.e., 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

Poor diversification

The correlation between Renasant and DJI is 0.75 (i.e., Poor 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.

Build AI portfolio with Renasant Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Renasant. 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.

For more information on how to buy Renasant Stock please use our How to Invest in Renasant guide.

Moving together with Renasant Stock

0.83	BNPH	BNP PARIBAS ADR	Pair Corr
0.81	AON0	AOZORA BANK LTD	Pair Corr
0.83	AX	Axos Financial	Pair Corr
0.93	BY	Byline Bancorp	Pair Corr
0.73	PB	Prosperity Bancshares	Pair Corr
0.88	RF	Regions Financial	Pair Corr
0.83	HH1	Hancock Whitney	Pair Corr
0.82	BCVN	Banque Cantonale Vaudoise	Pair Corr
0.79	LLBN	Liechtensteinische	Pair Corr
0.76	VBNK	VersaBank Earnings Call This Week	Pair Corr
0.81	SANB	SANTANDER UK 8	Pair Corr
0.7	PWT	TFS Financial	Pair Corr
0.69	BEN	Bendigo and Adelaide	Pair Corr
0.79	B4M1	SpareBank 1 SR	Pair Corr
0.89	UIO	ATLANTIC UNION BANKSDL	Pair Corr
0.64	WBCPK	Westpac Banking	Pair Corr
0.74	FRYA	Swedbank AB	Pair Corr
0.92	VNB	Valley National Bancorp	Pair Corr
0.69	BRE	Banco Bradesco SA	Pair Corr
0.88	EBMT	Eagle Bancorp Montana	Pair Corr
0.79	ECBK	ECB Bancorp Potential Growth	Pair Corr
0.83	BNP	BNP Paribas SA	Pair Corr
0.95	EFSC	Enterprise Financial	Pair Corr
0.89	EGBN	Eagle Bancorp	Pair Corr
0.81	HSBK	Halyk Bank	Pair Corr
0.85	BCGE	Banque Cantonale	Pair Corr
0.95	WABC	Westamerica Bancorporation	Pair Corr
0.95	WASH	Washington Trust Bancorp	Pair Corr

Moving against Renasant Stock

0.58

3YB

Postal Savings Bank

Pair Corr

Related Correlations Analysis

	FULT	FBP	CATY	CBU	INDB	FIBK	BKU	WBS	ASB	FHB
FULT		0.96	0.95	0.96	0.97	0.91	0.94	0.96	0.94	0.72	FULT
FBP	0.96		0.91	0.92	0.94	0.89	0.9	0.91	0.91	0.69	FBP
CATY	0.95	0.91		0.95	0.95	0.87	0.94	0.92	0.95	0.66	CATY
CBU	0.96	0.92	0.95		0.96	0.91	0.95	0.91	0.92	0.74	CBU
INDB	0.97	0.94	0.95	0.96		0.86	0.96	0.92	0.96	0.71	INDB
FIBK	0.91	0.89	0.87	0.91	0.86		0.89	0.83	0.83	0.83	FIBK
BKU	0.94	0.9	0.94	0.95	0.96	0.89		0.89	0.93	0.75	BKU
WBS	0.96	0.91	0.92	0.91	0.92	0.83	0.89		0.91	0.57	WBS
ASB	0.94	0.91	0.95	0.92	0.96	0.83	0.93	0.91		0.63	ASB
FHB	0.72	0.69	0.66	0.74	0.71	0.83	0.75	0.57	0.63		FHB
	FULT	FBP	CATY	CBU	INDB	FIBK	BKU	WBS	ASB	FHB

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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
FULT	1.31	0.19	0.14	0.24	1.19	(1.57)	3.01	(1.77)	9.73
FBP	1.17	0.11	0.07	0.23	1.26	(1.30)	2.84	(2.17)	9.39
CATY	1.22	0.11	0.09	0.20	1.11	(1.54)	3.14	(1.83)	9.74
CBU	1.16	0.17	0.12	0.28	1.06	(1.37)	2.35	(1.63)	8.66
INDB	1.20	0.20	0.17	0.27	1.00	(1.55)	2.97	(1.58)	9.41
FIBK	1.31	0.13	0.12	0.19	1.25	(1.54)	3.80	(1.87)	9.84
BKU	1.23	0.21	0.15	0.28	1.14	(1.58)	3.44	(1.99)	13.69
WBS	1.10	0.34	0.29	0.48	0.67	(1.34)	3.30	(1.70)	10.08
ASB	1.23	0.04	0.06	0.12	1.30	(1.50)	3.31	(2.18)	9.19
FHB	1.26	0.12	0.00	(0.92)	1.50	(1.45)	2.74	(2.57)	9.69

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

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