FCF vs PRK: Correlation
Measured on weekly returns over the past three years, First Commonwealth Financial Corporation (FCF) and Park National Corporation (PRK) carry a correlation of 0.89, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCF and PRK?
Over the past 3 years, FCF and PRK moved with a correlation of 0.89, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.86) sits close to the 3-year figure. Over 5 years the correlation is 0.81, and the annualized covariance of weekly returns is 679.1 %².
Among the 64 assets we track against FCF, PRK ranks #10 by 3-year correlation. Their 12-month results are close: +20.3% for FCF against +17.2% for PRK.
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 PRK: side by side
| FCF (First Commonwealth Financial Corporation) | PRK (Park National Corporation) | |
|---|---|---|
| 1-year return | +20.3% | +17.2% |
| 5-year return | +83.7% | +98.6% |
| Volatility (ann.) | 26.9% | 28.2% |
| Beta vs S&P 500 | 0.72 | 0.78 |
| Max drawdown (3Y) | -26.9% | -30.4% |
| Market cap | $2.1B | $3.6B |
| P/E (trailing) | 12.7 | 17.7 |
| Dividend yield | 2.64% | 2.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCF | PRK |
|---|---|---|
| 2022 | -10.3% | +6.1% |
| 2023 | +14.8% | -2.0% |
| 2024 | +13.4% | +33.0% |
| 2025 | +3.0% | -8.1% |
| 2026 | +26.0% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCF and PRK good diversifiers for each other?
No. With a correlation of 0.89, FCF and PRK move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between FCF and PRK?
The FCF/PRK correlation stands at 0.89 on a 3-year window (1 year: 0.86, 5 years: 0.81), computed from weekly returns as of 2026-08-27.
Is PRK a good diversifier for FCF?
No. With a correlation of 0.89, FCF and PRK move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.89 mean?
On the −1 to +1 scale, 0.89 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fcf-vs-prk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fcf-vs-prk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FCF correlations · PRK correlations
