FMBH vs OBK: Correlation
First Mid Bancshares, Inc. (FMBH) and Origin Bancorp, Inc. (OBK) show a very strong relationship: their 3-year correlation of weekly returns is 0.85.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMBH and OBK?
Over the past 3 years, FMBH and OBK moved with a correlation of 0.85, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.75 over 1 year against 0.85 over 3. Over 5 years the correlation is 0.79, and the annualized covariance of weekly returns is 639.4 %².
Among the 56 assets we track against FMBH, OBK ranks #19 by 3-year correlation. The trailing year gives OBK the advantage: +26.9% versus +38.9%, a 12.0-point spread.
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.
FMBH vs OBK: side by side
| FMBH (First Mid Bancshares, Inc.) | OBK (Origin Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +26.9% | +38.9% |
| 5-year return | +40.9% | +43.8% |
| Volatility (ann.) | 26.0% | 29.1% |
| Beta vs S&P 500 | 0.76 | 0.90 |
| Max drawdown (3Y) | -27.5% | -28.0% |
| Market cap | $1.3B | $1.6B |
| P/E (trailing) | 12.5 | 16.7 |
| Dividend yield | 1.99% | 1.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMBH | OBK |
|---|---|---|
| 2022 | -23.2% | -13.3% |
| 2023 | +11.6% | -1.2% |
| 2024 | +9.1% | -4.6% |
| 2025 | +8.7% | +14.8% |
| 2026 | +31.1% | +43.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMBH and OBK good diversifiers for each other?
No: a correlation of 0.85 means FMBH and OBK tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FMBH and OBK?
As of 2026-08-27, the correlation of weekly returns between FMBH and OBK is 0.85 over 3 years, 0.75 over 1 year and 0.79 over 5 years.
Is OBK a good diversifier for FMBH?
No: a correlation of 0.85 means FMBH and OBK tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.85 mean?
A reading of 0.85 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FMBH correlations · OBK correlations
