Renasant Correlations

RNST Stock

USD 38.03 0.43 1.12%

The current 90-days correlation between Renasant and 1st Source is 0.79 (i.e., Poor diversification). The correlation of Renasant 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Renasant Correlation With Market

Poor diversification

The correlation between Renasant and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Renasant 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 Renasant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Renasant Stock please use our How to Invest in Renasant guide.

Moving together with Renasant Stock

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

Related Correlations Analysis

	SRCE	HBT	OVBC	FBK	AFBI	SFNC	TRMK	SYBT	STBA
SRCE		0.87	-0.07	0.91	0.48	0.93	0.89	0.88	0.97	SRCE
HBT	0.87		-0.16	0.87	0.59	0.8	0.92	0.87	0.88	HBT
OVBC	-0.07	-0.16		0.0	0.23	0.14	-0.06	-0.13	0.02	OVBC
FBK	0.91	0.87	0.0		0.6	0.93	0.96	0.83	0.95	FBK
AFBI	0.48	0.59	0.23	0.6		0.54	0.56	0.55	0.55	AFBI
SFNC	0.93	0.8	0.14	0.93	0.54		0.89	0.84	0.96	SFNC
TRMK	0.89	0.92	-0.06	0.96	0.56	0.89		0.88	0.95	TRMK
SYBT	0.88	0.87	-0.13	0.83	0.55	0.84	0.88		0.92	SYBT
STBA	0.97	0.88	0.02	0.95	0.55	0.96	0.95	0.92		STBA
	SRCE	HBT	OVBC	FBK	AFBI	SFNC	TRMK	SYBT	STBA

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

STBA	+ 0.97	SRCE
TRMK	+ 0.96	FBK
STBA	+ 0.96	SFNC
STBA	+ 0.95	FBK
STBA	+ 0.95	TRMK
SFNC	+ 0.93	SRCE

High negative correlations

OVBC	- 0.16	HBT
SYBT	- 0.13	OVBC
OVBC	- 0.07	SRCE
TRMK	- 0.06	OVBC
FBK	- 0.0	OVBC

Risk-Adjusted Indicators

There is a big difference between Renasant Stock performing well and Renasant 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 Renasant'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
SRCE	1.14	0.02	0.05	0.19	1.08	(1.30)	3.16	(1.60)	7.45
HBT	1.22	0.30	0.09	(32.54)	1.14	(1.37)	3.32	(2.11)	7.43
OVBC	2.08	0.29	0.00	(0.24)	2.25	(2.54)	5.50	(5.00)	17.03
FBK	1.24	0.10	0.09	0.25	1.27	(1.43)	3.11	(1.81)	8.07
AFBI	0.57	0.14	(0.08)	(0.30)	0.75	(0.65)	1.61	(1.42)	4.96
SFNC	1.21	(0.07)	(0.01)	0.11	1.44	(1.23)	2.84	(2.47)	7.82
TRMK	1.03	0.11	0.09	0.28	0.88	(1.22)	2.85	(1.71)	6.29
SYBT	1.26	0.06	0.05	0.23	1.17	(1.46)	3.28	(2.35)	9.00
STBA	1.16	0.01	0.02	0.18	1.05	(1.43)	3.03	(1.95)	6.82

Renasant Corporate Executives

Elected by the shareholders, the Renasant's board of directors comprises two types of representatives: Renasant inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Renasant. The board's role is to monitor Renasant's management team and ensure that shareholders' interests are well served. Renasant's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Renasant's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Kevin Chapman	CFO, Executive VP, Sr. Executive VP of Renasant Bank and CFO of Renasant Bank	Profile
	James IV	Executive CFO	Profile

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