PNC Financial Correlations
| PNC Stock | USD 156.11 0.19 0.12% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PNC Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PNC Financial Services moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very weak diversification
The correlation between PNC Financial Services and NYA is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PNC Financial Services and NYA in the same portfolio, assuming nothing else is changed.
PNC |
The ability to find closely correlated positions to PNC Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PNC Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back PNC Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling PNC Financial Services to buy it.
Moving together with PNC Stock
| 0.74 | DB | Deutsche Bank AG | PairCorr |
| 0.88 | RF | Regions Financial Financial Report 19th of July 2024 | PairCorr |
| 0.67 | CFG-PD | Citizens Financial | PairCorr |
Moving against PNC Stock
| 0.44 | VBNK | VersaBank Financial Report 5th of June 2024 | PairCorr |
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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 | 1.23 | (0.08) | (0.02) | 0.03 | 1.55 | 3.05 | 7.11 | |||
| KEY | 1.39 | (0.07) | (0.01) | 0.04 | 1.77 | 3.02 | 8.29 | |||
| WAL | 2.03 | (0.30) | 0.00 | (0.08) | 0.00 | 4.47 | 13.07 | |||
| ZION | 1.69 | (0.20) | 0.00 | (0.03) | 0.00 | 3.83 | 10.32 | |||
| USB | 1.19 | (0.15) | 0.00 | (0.02) | 0.00 | 2.56 | 7.45 | |||
| FITB | 1.21 | (0.01) | 0.02 | 0.07 | 1.43 | 2.97 | 7.70 | |||
| CFG | 1.48 | (0.03) | 0.01 | 0.06 | 1.89 | 2.87 | 8.60 | |||
| RF | 1.20 | (0.06) | (0.02) | 0.04 | 1.67 | 2.33 | 8.75 | |||
| CMA | 1.47 | (0.19) | 0.00 | (0.03) | 0.00 | 2.56 | 9.93 | |||
| HBAN | 1.10 | (0.03) | 0.00 | 0.06 | 1.25 | 3.01 | 6.65 |
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Our tools can tell you how much better you can do entering a position in PNC Financial without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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PNC Financial Corporate Directors
PNC Financial corporate directors refer to members of a PNC Financial board of directors. The board of directors generally takes responsibility for the PNC Financial's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of PNC Financial's board members must vote for the resolution. The PNC Financial board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Andrew Feldstein | Lead Independent Director | Profile | |
| Kay James | Independent Director | Profile | |
| Linda Medler | Independent Director | Profile | |
| Richard Harshman | Independent Director | Profile |
Already Invested in PNC Financial Services?
The danger of trading PNC Financial Services is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of PNC Financial is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than PNC Financial. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile PNC Financial Services is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether PNC Financial Services offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of PNC Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Pnc Financial Services Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Pnc Financial Services Stock: 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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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When running PNC Financial's price analysis, check to measure PNC Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy PNC Financial is operating at the current time. Most of PNC Financial's value examination focuses on studying past and present price action to predict the probability of PNC Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PNC Financial's price. Additionally, you may evaluate how the addition of PNC Financial to your portfolios can decrease your overall portfolio volatility.
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Is PNC Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of PNC Financial. If investors know PNC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about PNC Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.22) | Dividend Share 6.15 | Earnings Share 11.91 | Revenue Per Share 50.83 | Quarterly Revenue Growth (0.07) |
The market value of PNC Financial Services is measured differently than its book value, which is the value of PNC that is recorded on the company's balance sheet. Investors also form their own opinion of PNC Financial's value that differs from its market value or its book value, called intrinsic value, which is PNC Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PNC Financial's market value can be influenced by many factors that don't directly affect PNC Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between PNC Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if PNC Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PNC Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.