FCF vs WMK: Correlation
First Commonwealth Financial Corporation (FCF) and Weis Markets, Inc. (WMK) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCF and WMK?
On 3 years of weekly data the FCF/WMK correlation comes out at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. The 5-year figure is 0.37, and annualized covariance runs at 359.5 %².
Among the 64 assets we track against FCF, WMK ranks #56 by 3-year correlation. The last year tells two different stories: FCF led by 23.2 percentage points, +20.3% for FCF against -2.9% for WMK.
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 WMK: side by side
| FCF (First Commonwealth Financial Corporation) | WMK (Weis Markets, Inc.) | |
|---|---|---|
| 1-year return | +20.3% | -2.9% |
| 5-year return | +83.7% | +36.2% |
| Volatility (ann.) | 26.9% | 26.2% |
| Beta vs S&P 500 | 0.72 | 0.07 |
| Max drawdown (3Y) | -26.9% | -29.4% |
| Market cap | $2.1B | – |
| P/E (trailing) | 12.7 | 17.6 |
| Dividend yield | 2.64% | 1.92% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCF | WMK |
|---|---|---|
| 2022 | -10.3% | +27.1% |
| 2023 | +14.8% | -20.8% |
| 2024 | +13.4% | +8.0% |
| 2025 | +3.0% | -3.6% |
| 2026 | +26.0% | +11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCF and WMK good diversifiers for each other?
To a limited degree. At 0.51 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 WMK?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.60 over the last year and 0.37 over 5 years.
Is WMK a good diversifier for FCF?
To a limited degree. At 0.51 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 0.51 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-wmk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fcf-vs-wmk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FCF correlations · WMK correlations
