FMBH vs SAMG: Correlation
First Mid Bancshares, Inc. (FMBH) and Silvercrest Asset Management Group Inc. (SAMG) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMBH and SAMG?
Across a 3-year window, the weekly returns of FMBH and SAMG correlate at 0.56, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.36 versus 0.56 over 3 years. Stretching to 5 years gives 0.46, with an annualized covariance of 398.5 %².
By 3-year correlation, SAMG places #49 of the 56 assets tracked against FMBH. Correlation aside, the last 12 months split them widely, with FMBH ahead by 62.5 points (+26.9% versus -35.6%).
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.
FMBH vs SAMG: side by side
| FMBH (First Mid Bancshares, Inc.) | SAMG (Silvercrest Asset Management Group Inc.) | |
|---|---|---|
| 1-year return | +26.9% | -35.6% |
| 5-year return | +40.9% | -20.3% |
| Volatility (ann.) | 26.0% | 27.4% |
| Beta vs S&P 500 | 0.76 | 0.75 |
| Max drawdown (3Y) | -27.5% | -44.1% |
| Market cap | $1.3B | $0.1B |
| P/E (trailing) | 12.5 | 72.3 |
| Dividend yield | 1.99% | 4.21% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMBH | SAMG |
|---|---|---|
| 2022 | -23.2% | +13.6% |
| 2023 | +11.6% | -5.7% |
| 2024 | +9.1% | +13.3% |
| 2025 | +8.7% | -13.0% |
| 2026 | +31.1% | -31.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMBH and SAMG good diversifiers for each other?
Only partially. A correlation of 0.56 means FMBH and SAMG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FMBH and SAMG?
The FMBH/SAMG correlation stands at 0.56 on a 3-year window (1 year: 0.36, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is SAMG a good diversifier for FMBH?
Only partially. A correlation of 0.56 means FMBH and SAMG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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-samg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fmbh-vs-samg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FMBH correlations · SAMG correlations
