FMNB vs PCYO: Correlation
Measured on weekly returns over the past three years, Farmers National Banc Corp. (FMNB) and Pure Cycle Corporation (PCYO) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMNB and PCYO?
Over the past 3 years, FMNB and PCYO moved with a correlation of 0.58, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.33 versus 0.58 over 3 years. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 447.1 %².
Within FMNB's tracked universe of 20 assets, PCYO comes in at #10 by 3-year correlation. Their 12-month results are close: +10.3% for FMNB against +11.9% for PCYO.
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.
FMNB vs PCYO: side by side
| FMNB (Farmers National Banc Corp.) | PCYO (Pure Cycle Corporation) | |
|---|---|---|
| 1-year return | +10.3% | +11.9% |
| 5-year return | +27.6% | -24.0% |
| Volatility (ann.) | 27.7% | 27.7% |
| Beta vs S&P 500 | 0.71 | 0.73 |
| Max drawdown (3Y) | -23.6% | -33.4% |
| Market cap | $0.9B | $0.3B |
| P/E (trailing) | 10.6 | 18.7 |
| Dividend yield | 4.34% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMNB | PCYO |
|---|---|---|
| 2022 | -20.6% | -28.2% |
| 2023 | +7.8% | -0.1% |
| 2024 | +3.4% | +21.1% |
| 2025 | -1.7% | -13.3% |
| 2026 | +21.3% | +4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMNB and PCYO good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FMNB and PCYO?
As of 2026-08-27, the correlation of weekly returns between FMNB and PCYO is 0.58 over 3 years, 0.33 over 1 year and 0.49 over 5 years.
Is PCYO a good diversifier for FMNB?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fmnb-vs-pcyo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fmnb-vs-pcyo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FMNB correlations · PCYO correlations
