BPRN vs FMBH: Correlation
How closely do Princeton Bancorp, Inc. (BPRN) and First Mid Bancshares, Inc. (FMBH) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BPRN and FMBH?
On 3 years of weekly data the BPRN/FMBH correlation comes out at 0.70, strong. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. The 5-year figure is 0.57, and annualized covariance runs at 499.2 %².
Few assets follow BPRN as closely as FMBH, which ranks #1 of 11 tracked partners. Neither side won the trailing year by much: +29.1% against +26.9%.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BPRN vs FMBH: side by side
| BPRN (Princeton Bancorp, Inc.) | FMBH (First Mid Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +29.1% | +26.9% |
| 5-year return | +66.1% | +40.9% |
| Volatility (ann.) | 27.6% | 26.0% |
| Beta vs S&P 500 | 0.75 | 0.76 |
| Max drawdown (3Y) | -28.2% | -27.5% |
| Market cap | $0.3B | $1.3B |
| P/E (trailing) | 11.2 | 12.5 |
| Dividend yield | 3.19% | 1.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BPRN | FMBH |
|---|---|---|
| 2022 | +11.8% | -23.2% |
| 2023 | +17.7% | +11.6% |
| 2024 | -0.6% | +9.1% |
| 2025 | +4.8% | +8.7% |
| 2026 | +25.1% | +31.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BPRN and FMBH good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BPRN and FMBH?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.61 over the last year and 0.57 over 5 years.
Is FMBH a good diversifier for BPRN?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 mean?
A reading of 0.70 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bprn-vs-fmbh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bprn-vs-fmbh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BPRN correlations · FMBH correlations
