FMAO vs WMK: Correlation
Farmers & Merchants Bancorp, Inc. (FMAO) 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 FMAO and WMK?
On 3 years of weekly data the FMAO/WMK correlation comes out at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. The 5-year figure is 0.40, and annualized covariance runs at 488.4 %².
Within FMAO's tracked universe of 19 assets, WMK comes in at #10 by 3-year correlation. The last year tells two different stories: FMAO led by 34.3 percentage points, +31.4% for FMAO 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.
FMAO vs WMK: side by side
| FMAO (Farmers & Merchants Bancorp, Inc.) | WMK (Weis Markets, Inc.) | |
|---|---|---|
| 1-year return | +31.4% | -2.9% |
| 5-year return | +78.8% | +36.2% |
| Volatility (ann.) | 36.2% | 26.2% |
| Beta vs S&P 500 | 0.90 | 0.07 |
| Max drawdown (3Y) | -35.0% | -29.4% |
| Market cap | $0.5B | – |
| P/E (trailing) | 11.6 | 17.6 |
| Dividend yield | 2.72% | 1.92% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMAO | WMK |
|---|---|---|
| 2022 | -14.9% | +27.1% |
| 2023 | -5.3% | -20.8% |
| 2024 | +23.1% | +8.0% |
| 2025 | -13.0% | -3.6% |
| 2026 | +39.4% | +11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMAO 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 FMAO and WMK?
The FMAO/WMK correlation stands at 0.51 on a 3-year window (1 year: 0.51, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is WMK a good diversifier for FMAO?
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/fmao-vs-wmk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fmao-vs-wmk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FMAO correlations · WMK correlations
