Which stocks are most correlated with FMAO?

Based on one year of daily returns, the stocks most correlated with Farmers & Merchants Bancorp, Inc. (FMAO) are PRK (0.76), CAC (0.74) and CCNE (0.74). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with FMAO?

Over the past year, the stocks most inversely correlated with Farmers & Merchants Bancorp, Inc. (FMAO) are SKRE (-0.70), SDD (-0.47) and SBB (-0.46). A negative correlation means the two stocks have tended to move in opposite directions.

Farmers & Merchants Bancorp, Inc. (FMAO) — Stock Correlations & Overview

Over the past year, FMAO has moved most closely with PRK, CAC, CCNE. Explore the stocks most correlated and inversely correlated with FMAO below, along with its price, financials, and company profile.

Stocks correlated with FMAO

Correlation of daily returns. Higher positive values move with FMAO; negative values move opposite it. Informational only, not investment advice.

Most correlated with FMAO

Symbol	Company	Correlation
PRK	Park National CorporationNATIONAL COMMERCIAL BANKS	0.76
CAC	Camden National CorporationNATIONAL COMMERCIAL BANKS	0.74
CCNE	CNB Financial Corp/PASTATE COMMERCIAL BANKS	0.74
GABC	German American Bancorp, Inc.STATE COMMERCIAL BANKS	0.74
QABA	First Trust NASDAQ ABA Community Bank Index Fund	0.74

Most inversely correlated with FMAO

Symbol	Company	Correlation
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.70
SDD	ProShares UltraShort SmallCap600	-0.47
SBB	ProShares Short SmallCap600	-0.46
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.45
FAZ	Direxion Daily Financial Bear 3x ETF	-0.42

Frequently asked questions about FMAO correlations

Which stocks are most correlated with FMAO?: Based on one year of daily returns, the stocks most correlated with Farmers & Merchants Bancorp, Inc. (FMAO) are PRK (0.76), CAC (0.74) and CCNE (0.74). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with FMAO?: Over the past year, the stocks most inversely correlated with Farmers & Merchants Bancorp, Inc. (FMAO) are SKRE (-0.70), SDD (-0.47) and SBB (-0.46). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these FMAO correlations calculated?: We compute the correlation of daily returns between FMAO and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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