FMBH vs PKBK: Correlation
Measured on weekly returns over the past three years, First Mid Bancshares, Inc. (FMBH) and Parke Bancorp, Inc. (PKBK) carry a correlation of 0.81, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMBH and PKBK?
Across a 3-year window, the weekly returns of FMBH and PKBK correlate at 0.81, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.80 lands near the 3-year figure. Stretching to 5 years gives 0.73, with an annualized covariance of 571.0 %².
Within FMBH's tracked universe of 56 assets, PKBK comes in at #31 by 3-year correlation. The last year tells two different stories: PKBK led by 25.2 percentage points, +26.9% for FMBH against +52.1% for PKBK.
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 PKBK: side by side
| FMBH (First Mid Bancshares, Inc.) | PKBK (Parke Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +26.9% | +52.1% |
| 5-year return | +40.9% | +97.5% |
| Volatility (ann.) | 26.0% | 27.2% |
| Beta vs S&P 500 | 0.76 | 0.68 |
| Max drawdown (3Y) | -27.5% | -26.3% |
| Market cap | $1.3B | $0.4B |
| P/E (trailing) | 12.5 | 8.8 |
| Dividend yield | 1.99% | 2.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMBH | PKBK |
|---|---|---|
| 2022 | -23.2% | +0.4% |
| 2023 | +11.6% | +1.7% |
| 2024 | +9.1% | +5.4% |
| 2025 | +8.7% | +26.6% |
| 2026 | +31.1% | +36.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMBH and PKBK good diversifiers for each other?
No. With a correlation of 0.81, FMBH and PKBK move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between FMBH and PKBK?
The FMBH/PKBK correlation stands at 0.81 on a 3-year window (1 year: 0.80, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is PKBK a good diversifier for FMBH?
No. With a correlation of 0.81, FMBH and PKBK move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.81 mean?
A reading of 0.81 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 · PKBK correlations
