Renasant Correlations

Stocks . USA . 
Stock . Renasant
RNST Stock  USD 29.36  1.34  4.36%   
The current 90-days correlation between Renasant and Simmons First National is 0.86 (i.e., Very 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 0.74 (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.
  
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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  0.93BY Byline BancorpPairCorr
  0.63KB KB Financial GroupPairCorr
  0.85NU Nu HoldingsPairCorr
  0.9PB Prosperity BancsharesPairCorr
  0.86RF Regions FinancialPairCorr
  0.74VBNK VersaBankPairCorr
  0.9VBTX Veritex HoldingsPairCorr
  0.67TFC-PI Truist FinancialPairCorr
  0.88EBTC Enterprise BancorpPairCorr
  0.93EFSC Enterprise FinancialPairCorr
  0.84EGBN Eagle BancorpPairCorr
  0.92WASH Washington Trust BancorpPairCorr
  0.93EQBK Equity Bancshares,PairCorr
  0.88ESSA ESSA BancorpPairCorr
  0.82TFINP Triumph FinancialPairCorr
  0.87EVBN Evans BancorpPairCorr
  0.88EWBC East West BancorpPairCorr
  0.87WMPN William Penn BancorpPairCorr

Moving against Renasant Stock

  0.57VBFC Village BankPairCorr
  0.55ECBK ECB BancorpPairCorr
  0.32TECTP Tectonic FinancialPairCorr
  0.53FCAP First CapitalPairCorr

Related Correlations Analysis

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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.

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 ChapmanCFO, Executive VP, Sr. Executive VP of Renasant Bank and CFO of Renasant BankProfile
James IVExecutive CFOProfile
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