FBNC vs GENC: Correlation
First Bancorp (FBNC) and Gencor Industries, Inc. (GENC) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBNC and GENC?
On 3 years of weekly data the FBNC/GENC correlation comes out at 0.52, moderate. The link has loosened recently: the 1-year correlation (0.38) runs below the 3-year figure (0.52). The 5-year figure is 0.34, and annualized covariance runs at 567.7 %².
By 3-year correlation, GENC places #15 of the 23 assets tracked against FBNC. Neither side won the trailing year by much: +16.9% against +15.9%.
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.
FBNC vs GENC: side by side
| FBNC (First Bancorp) | GENC (Gencor Industries, Inc.) | |
|---|---|---|
| 1-year return | +16.9% | +15.9% |
| 5-year return | +72.4% | +63.6% |
| Volatility (ann.) | 30.0% | 36.4% |
| Beta vs S&P 500 | 0.89 | 0.83 |
| Max drawdown (3Y) | -26.0% | -55.7% |
| Market cap | $2.6B | $0.3B |
| P/E (trailing) | 19.9 | 18.7 |
| Dividend yield | 1.47% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBNC | GENC |
|---|---|---|
| 2022 | -4.2% | -12.4% |
| 2023 | -11.2% | +59.8% |
| 2024 | +21.7% | +9.4% |
| 2025 | +17.8% | -26.6% |
| 2026 | +26.2% | +47.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBNC and GENC good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FBNC and GENC?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.38 over the last year and 0.34 over 5 years.
Is GENC a good diversifier for FBNC?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fbnc-vs-genc.json
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[](https://www.pairbook.io/pair/fbnc-vs-genc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FBNC correlations · GENC correlations
