Pinnacle Financial Correlations

PNFP Stock

USD 104.16 2.84 2.65%

The current 90-days correlation between Pinnacle Financial and International Bancshares is 0.67 (i.e., Poor diversification). The correlation of Pinnacle 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Pinnacle Financial Correlation With Market

Very weak diversification

The correlation between Pinnacle Financial Partners and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pinnacle Financial Partners 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 Pinnacle Financial Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Pinnacle Stock

0.85	AX	Axos Financial Earnings Call This Week	Pair Corr
0.81	BY	Byline Bancorp	Pair Corr
0.61	KB	KB Financial Group	Pair Corr
0.72	NU	Nu Holdings	Pair Corr
0.94	PB	Prosperity Bancshares	Pair Corr
0.77	RF	Regions Financial Normal Trading	Pair Corr
0.71	WF	Woori Financial Group	Pair Corr
0.65	VABK	Virginia National	Pair Corr
0.71	VBTX	Veritex Holdings	Pair Corr
0.72	TECTP	Tectonic Financial	Pair Corr
0.74	TFC-PO	Truist Financial	Pair Corr
0.72	TFC-PR	Truist Financial	Pair Corr
0.72	CFG-PE	Citizens Financial	Pair Corr
0.73	CFG-PH	Citizens Financial Group,	Pair Corr
0.86	EFSC	Enterprise Financial	Pair Corr
0.77	EGBN	Eagle Bancorp	Pair Corr
0.61	KEY-PK	KeyCorp	Pair Corr
0.81	WABC	Westamerica Bancorporation	Pair Corr
0.9	WAFD	Washington Federal	Pair Corr
0.86	WASH	Washington Trust Bancorp	Pair Corr
0.61	BANC-PF	Banc of California	Pair Corr
0.87	EQBK	Equity Bancshares,	Pair Corr
0.81	ESSA	ESSA Bancorp	Pair Corr
0.85	EWBC	East West Bancorp	Pair Corr
0.73	WSBCP	WesBanco	Pair Corr
0.62	WSBF	Waterstone Financial	Pair Corr

Moving against Pinnacle Stock

0.31

TFC-PI

Truist Financial

Pair Corr

Related Correlations Analysis

	IBOC	FBK	TCBI	SFBS	FNB	WTFC	RNST	HOMB
IBOC		0.93	0.72	0.73	0.98	0.96	0.82	0.77	IBOC
FBK	0.93		0.62	0.67	0.94	0.92	0.72	0.75	FBK
TCBI	0.72	0.62		0.94	0.73	0.62	0.94	0.77	TCBI
SFBS	0.73	0.67	0.94		0.72	0.6	0.91	0.89	SFBS
FNB	0.98	0.94	0.73	0.72		0.97	0.82	0.74	FNB
WTFC	0.96	0.92	0.62	0.6	0.97		0.76	0.67	WTFC
RNST	0.82	0.72	0.94	0.91	0.82	0.76		0.8	RNST
HOMB	0.77	0.75	0.77	0.89	0.74	0.67	0.8		HOMB
	IBOC	FBK	TCBI	SFBS	FNB	WTFC	RNST	HOMB

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Risk-Adjusted Indicators

There is a big difference between Pinnacle Stock performing well and Pinnacle 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 Pinnacle 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
IBOC	1.11	(0.07)	0.00	0.18	1.09	(1.28)	2.62	(1.99)	7.47
FBK	1.24	(0.01)	0.04	0.23	1.24	(1.46)	3.11	(1.81)	8.07
TCBI	1.27	0.17	0.11	0.41	1.04	(1.48)	3.65	(2.07)	8.38
SFBS	1.35	(0.03)	0.01	0.21	1.28	(1.60)	2.94	(1.97)	9.46
FNB	1.27	0.00	0.08	0.23	1.19	(1.47)	3.20	(2.51)	8.55
WTFC	1.32	0.06	0.13	0.27	1.08	(1.50)	3.02	(1.98)	8.59
RNST	1.36	(0.02)	0.00	0.22	1.20	(1.74)	3.27	(2.49)	8.52
HOMB	1.05	(0.12)	(0.12)	0.09	1.20	(1.13)	2.46	(2.27)	6.84

Pinnacle Financial Corporate Management

Sam Belk	Senior Officer	Profile
Gary Collier	Executive Management	Profile
Jeff Francis	Senior Management	Profile
Nikki Minges	Director Communications	Profile
Ross Kinney	Head Manager	Profile
Brian Gilbert	Corporate Treasurer	Profile

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