FMBH vs THFF: Correlation
First Mid Bancshares, Inc. (FMBH) and First Financial Corporation (THFF) show a very strong relationship: their 3-year correlation of weekly returns is 0.89.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMBH and THFF?
On 3 years of weekly data the FMBH/THFF correlation comes out at 0.89, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.91 lands near the 3-year figure. The 5-year figure is 0.83, and annualized covariance runs at 650.5 %².
In FMBH's tracked universe of 56 assets, THFF sits right near the top at #3. On 12-month performance THFF holds a 11.9-point edge, +26.9% against +38.8%.
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 THFF: side by side
| FMBH (First Mid Bancshares, Inc.) | THFF (First Financial Corporation) | |
|---|---|---|
| 1-year return | +26.9% | +38.8% |
| 5-year return | +40.9% | +135.2% |
| Volatility (ann.) | 26.0% | 28.2% |
| Beta vs S&P 500 | 0.76 | 0.81 |
| Max drawdown (3Y) | -27.5% | -20.2% |
| Market cap | $1.3B | $0.9B |
| P/E (trailing) | 12.5 | 11.1 |
| Dividend yield | 1.99% | 2.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMBH | THFF |
|---|---|---|
| 2022 | -23.2% | +4.4% |
| 2023 | +11.6% | -2.6% |
| 2024 | +9.1% | +11.1% |
| 2025 | +8.7% | +36.2% |
| 2026 | +31.1% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMBH and THFF good diversifiers for each other?
No: a correlation of 0.89 means FMBH and THFF tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FMBH and THFF?
Using weekly returns as of 2026-08-27: 0.89 over 3 years, with 0.91 over the last year and 0.83 over 5 years.
Is THFF a good diversifier for FMBH?
No: a correlation of 0.89 means FMBH and THFF tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.89 mean?
A reading of 0.89 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: FMBH correlations · THFF correlations
