PNC Financial Correlations

PNC Stock

USD 197.76 0.98 0.50%

The current 90-days correlation between PNC Financial Services and Truist Financial Corp is 0.91 (i.e., Almost no diversification). The correlation of PNC Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

PNC Financial Correlation With Market

Poor diversification

The correlation between PNC Financial Services and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PNC Financial Services and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PNC Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with PNC Stock

0.99	AX	Axos Financial Earnings Call This Week	Pair Corr
0.86	BY	Byline Bancorp Earnings Call Tomorrow	Pair Corr
0.94	DB	Deutsche Bank AG Earnings Call Tomorrow	Pair Corr
0.9	KB	KB Financial Group	Pair Corr
0.78	NU	Nu Holdings	Pair Corr
0.88	PB	Prosperity Bancshares	Pair Corr
0.98	RF	Regions Financial Normal Trading	Pair Corr
0.92	WF	Woori Financial Group	Pair Corr
0.75	VABK	Virginia National	Pair Corr
0.88	VBTX	Veritex Holdings	Pair Corr
0.88	TECTP	Tectonic Financial	Pair Corr
0.87	TFC-PO	Truist Financial	Pair Corr
0.77	TFC-PR	Truist Financial	Pair Corr
0.83	CFG-PE	Citizens Financial	Pair Corr
0.8	CFG-PH	Citizens Financial Group,	Pair Corr
0.95	EFSC	Enterprise Financial	Pair Corr
0.7	KEY-PJ	KeyCorp	Pair Corr
0.78	KEY-PK	KeyCorp	Pair Corr
0.84	KEY-PL	KeyCorp	Pair Corr
0.71	WABC	Westamerica Bancorporation	Pair Corr
0.86	WAFD	Washington Federal	Pair Corr
0.72	WASH	Washington Trust Bancorp	Pair Corr
0.82	BANC-PF	Banc of California	Pair Corr
0.82	EQBK	Equity Bancshares,	Pair Corr
0.88	ESSA	ESSA Bancorp	Pair Corr
0.76	TFINP	Triumph Financial	Pair Corr
0.94	WSBCP	WesBanco	Pair Corr
0.73	WNEB	Western New England	Pair Corr
0.95	WSBC	WesBanco Earnings Call This Week	Pair Corr

Moving against PNC Stock

0.45	TFC-PI	Truist Financial	Pair Corr
0.44	FCAP	First Capital Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	TFC	KEY	WAL	ZION	USB	FITB	CFG	RF	CMA	HBAN
TFC		0.99	0.98	0.98	0.96	0.99	0.99	0.97	0.98	0.97	TFC
KEY	0.99		0.95	0.99	0.96	0.99	1.0	0.99	0.99	0.97	KEY
WAL	0.98	0.95		0.95	0.93	0.95	0.94	0.93	0.95	0.94	WAL
ZION	0.98	0.99	0.95		0.93	0.98	0.99	0.98	0.98	0.94	ZION
USB	0.96	0.96	0.93	0.93		0.97	0.94	0.93	0.95	0.99	USB
FITB	0.99	0.99	0.95	0.98	0.97		0.99	0.98	0.98	0.98	FITB
CFG	0.99	1.0	0.94	0.99	0.94	0.99		0.99	0.98	0.96	CFG
RF	0.97	0.99	0.93	0.98	0.93	0.98	0.99		0.98	0.94	RF
CMA	0.98	0.99	0.95	0.98	0.95	0.98	0.98	0.98		0.94	CMA
HBAN	0.97	0.97	0.94	0.94	0.99	0.98	0.96	0.94	0.94		HBAN
	TFC	KEY	WAL	ZION	USB	FITB	CFG	RF	CMA	HBAN

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Risk-Adjusted Indicators

There is a big difference between PNC Stock performing well and PNC Financial Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze PNC Financial's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TFC	1.18	0.14	0.15	0.28	1.06	(1.48)	2.75	(1.74)	9.24
KEY	1.28	0.21	0.19	0.31	1.11	(1.55)	2.70	(2.56)	10.45
WAL	1.77	0.09	0.10	0.22	1.88	(2.00)	3.91	(3.39)	11.33
ZION	1.34	0.22	0.16	0.34	1.24	(1.52)	3.02	(2.39)	10.51
USB	1.05	0.12	0.12	0.27	0.99	(1.24)	2.50	(2.30)	8.16
FITB	1.16	0.11	0.13	0.25	1.03	(1.40)	2.90	(2.24)	8.85
CFG	1.29	0.26	0.23	0.33	0.99	(1.51)	3.65	(2.04)	10.33
RF	1.22	0.28	0.21	0.39	0.91	(1.37)	3.42	(1.87)	9.35
CMA	1.43	0.11	0.11	0.25	1.52	(1.66)	3.36	(3.31)	8.38
HBAN	1.23	0.15	0.13	0.29	1.12	(1.47)	3.08	(1.84)	8.51

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