FMBH vs PFIS: Correlation
How closely do First Mid Bancshares, Inc. (FMBH) and Peoples Financial Services Corp. (PFIS) trade together? Their weekly returns over three years give a correlation of 0.77, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMBH and PFIS?
On 3 years of weekly data the FMBH/PFIS correlation comes out at 0.77, strong. The past 12 months show a tighter link (0.88) than the 3-year average (0.77). The 5-year figure is 0.67, and annualized covariance runs at 611.7 %².
Within FMBH's tracked universe of 56 assets, PFIS comes in at #38 by 3-year correlation. Over the last 12 months PFIS came out ahead by 8.6 percentage points (+26.9% against +35.5%).
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 PFIS: side by side
| FMBH (First Mid Bancshares, Inc.) | PFIS (Peoples Financial Services Corp.) | |
|---|---|---|
| 1-year return | +26.9% | +35.5% |
| 5-year return | +40.9% | +82.0% |
| Volatility (ann.) | 26.0% | 30.5% |
| Beta vs S&P 500 | 0.76 | 0.66 |
| Max drawdown (3Y) | -27.5% | -29.1% |
| Market cap | $1.3B | $0.7B |
| P/E (trailing) | 12.5 | 12.3 |
| Dividend yield | 1.99% | 3.56% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMBH | PFIS |
|---|---|---|
| 2022 | -23.2% | +1.5% |
| 2023 | +11.6% | -2.5% |
| 2024 | +9.1% | +9.9% |
| 2025 | +8.7% | +0.0% |
| 2026 | +31.1% | +45.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMBH and PFIS good diversifiers for each other?
To a limited degree. At 0.77 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 FMBH and PFIS?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.88 over the last year and 0.67 over 5 years.
Is PFIS a good diversifier for FMBH?
To a limited degree. At 0.77 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 0.77 mean?
On the −1 to +1 scale, 0.77 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/fmbh-vs-pfis.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fmbh-vs-pfis/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FMBH correlations · PFIS correlations
