FFIN vs MCRI: Correlation
How closely do First Financial Bankshares, Inc. (FFIN) and Monarch Casino & Resort, Inc. (MCRI) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFIN and MCRI?
Over the past 3 years, FFIN and MCRI moved with a correlation of 0.46, which is moderate. The past 12 months show a weaker link (0.31) than the 3-year average (0.46). Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 382.1 %².
Within FFIN's tracked universe of 20 assets, MCRI comes in at #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MCRI ahead by 29.4 points (-10.8% versus +18.6%).
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.
FFIN vs MCRI: side by side
| FFIN (First Financial Bankshares, Inc.) | MCRI (Monarch Casino & Resort, Inc.) | |
|---|---|---|
| 1-year return | -10.8% | +18.6% |
| 5-year return | -22.9% | +113.4% |
| Volatility (ann.) | 30.5% | 27.2% |
| Beta vs S&P 500 | 0.84 | 0.65 |
| Max drawdown (3Y) | -31.4% | -23.1% |
| Market cap | $4.7B | $2.2B |
| P/E (trailing) | 18.0 | 19.9 |
| Dividend yield | 2.35% | 0.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FFIN | MCRI |
|---|---|---|
| 2022 | -31.2% | +4.0% |
| 2023 | -9.8% | -2.6% |
| 2024 | +21.6% | +16.0% |
| 2025 | -15.3% | +22.9% |
| 2026 | +12.2% | +29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFIN and MCRI good diversifiers for each other?
Reasonably. At 0.46, FFIN and MCRI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FFIN and MCRI?
The FFIN/MCRI correlation stands at 0.46 on a 3-year window (1 year: 0.31, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is MCRI a good diversifier for FFIN?
Reasonably. At 0.46, FFIN and MCRI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/ffin-vs-mcri.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ffin-vs-mcri/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FFIN correlations · MCRI correlations
