FCF vs NRIM: Correlation
Measured on weekly returns over the past three years, First Commonwealth Financial Corporation (FCF) and Northrim BanCorp Inc (NRIM) carry a correlation of 0.78, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCF and NRIM?
On 3 years of weekly data the FCF/NRIM correlation comes out at 0.78, strong. The past 12 months show a weaker link (0.67) than the 3-year average (0.78). The 5-year figure is 0.67, and annualized covariance runs at 773.6 %².
By 3-year correlation, NRIM places #50 of the 64 assets tracked against FCF. Over the last 12 months FCF came out ahead by 8.8 percentage points (+20.3% against +11.5%).
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.
FCF vs NRIM: side by side
| FCF (First Commonwealth Financial Corporation) | NRIM (Northrim BanCorp Inc) | |
|---|---|---|
| 1-year return | +20.3% | +11.5% |
| 5-year return | +83.7% | +203.9% |
| Volatility (ann.) | 26.9% | 36.9% |
| Beta vs S&P 500 | 0.72 | 0.89 |
| Max drawdown (3Y) | -26.9% | -24.9% |
| Market cap | $2.1B | $0.6B |
| P/E (trailing) | 12.7 | 8.4 |
| Dividend yield | 2.64% | 1.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCF | NRIM |
|---|---|---|
| 2022 | -10.3% | +30.7% |
| 2023 | +14.8% | +10.4% |
| 2024 | +13.4% | +41.9% |
| 2025 | +3.0% | +40.5% |
| 2026 | +26.0% | -1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCF and NRIM good diversifiers for each other?
To a limited degree. At 0.78 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FCF and NRIM?
As of 2026-08-27, the correlation of weekly returns between FCF and NRIM is 0.78 over 3 years, 0.67 over 1 year and 0.67 over 5 years.
Is NRIM a good diversifier for FCF?
To a limited degree. At 0.78 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.78 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/fcf-vs-nrim.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fcf-vs-nrim/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FCF correlations · NRIM correlations
