Renasant Correlations
| RNST Stock | USD 38.80 0.27 0.69% |
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 0.65 (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.
Moving together with Renasant Stock
Related Correlations Analysis
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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
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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 | 1.15 | 0.13 | 0.11 | 0.25 | 1.07 | 3.16 | 7.45 | |||
| HBT | 1.16 | 0.12 | 0.08 | 0.26 | 1.17 | 2.94 | 7.43 | |||
| OVBC | 2.23 | 0.42 | 0.07 | (0.33) | 2.20 | 6.79 | 17.03 | |||
| FBK | 1.25 | 0.12 | 0.09 | 0.24 | 1.35 | 3.11 | 8.07 | |||
| AFBI | 0.56 | 0.00 | (0.06) | 0.00 | 0.76 | 1.26 | 4.96 | |||
| SFNC | 1.22 | 0.02 | 0.03 | 0.15 | 1.40 | 2.84 | 7.82 | |||
| TRMK | 1.05 | 0.19 | 0.15 | 0.34 | 0.88 | 2.85 | 6.29 | |||
| SYBT | 1.27 | 0.19 | 0.14 | 0.33 | 1.07 | 3.28 | 9.00 | |||
| STBA | 1.18 | 0.13 | 0.10 | 0.27 | 1.04 | 3.03 | 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 |