FNB vs MCRI: Correlation
How closely do F.N.B. Corporation (FNB) and Monarch Casino & Resort, Inc. (MCRI) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNB and MCRI?
On 3 years of weekly data the FNB/MCRI correlation comes out at 0.46, moderate. The past 12 months show a weaker link (0.27) than the 3-year average (0.46). The 5-year figure is 0.44, and annualized covariance runs at 345.9 %².
Among the 53 assets we track against FNB, MCRI sits near the bottom by co-movement, at rank #49. On 12-month performance MCRI holds a 5.2-point edge, +13.4% against +18.6%.
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.
FNB vs MCRI: side by side
| FNB (F.N.B. Corporation) | MCRI (Monarch Casino & Resort, Inc.) | |
|---|---|---|
| 1-year return | +13.4% | +18.6% |
| 5-year return | +91.1% | +113.4% |
| Volatility (ann.) | 27.4% | 27.2% |
| Beta vs S&P 500 | 1.03 | 0.65 |
| Max drawdown (3Y) | -32.6% | -23.1% |
| Market cap | $6.6B | $2.2B |
| P/E (trailing) | 11.0 | 19.9 |
| Dividend yield | 2.65% | 0.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNB | MCRI |
|---|---|---|
| 2022 | +11.7% | +4.0% |
| 2023 | +9.8% | -2.6% |
| 2024 | +11.0% | +16.0% |
| 2025 | +19.4% | +22.9% |
| 2026 | +9.7% | +29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNB and MCRI good diversifiers for each other?
Reasonably. At 0.46, FNB and MCRI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FNB and MCRI?
The FNB/MCRI correlation stands at 0.46 on a 3-year window (1 year: 0.27, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is MCRI a good diversifier for FNB?
Reasonably. At 0.46, FNB and MCRI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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
$ curl https://www.pairbook.io/api/v1/pairs/fnb-vs-mcri.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fnb-vs-mcri/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FNB correlations · MCRI correlations
