Pinnacle Financial Partners, Inc. (PNFP) — Stock Correlations & Overview
Over the past year, PNFP has moved most closely with DPST, KRE, KBE. Explore the stocks most correlated and inversely correlated with PNFP below, along with its price, financials, and company profile.
Stocks correlated with PNFP
Correlation of daily returns. Higher positive values move with PNFP; negative values move opposite it. Informational only, not investment advice.
Most correlated with PNFP
| Symbol | Company | Correlation |
|---|---|---|
| DPST | Direxion Daily Regional Banks Bull 3X ETF | 0.86 |
| KRE | State Street SPDR S&P Regional Banking ETF | 0.86 |
| KBE | State Street SPDR S&P Bank ETF | 0.85 |
| IAT | iShares U.S. Regional Banks ETF | 0.84 |
| ONB | Old National BancorpNATIONAL COMMERCIAL BANKS | 0.82 |
Most inversely correlated with PNFP
| Symbol | Company | Correlation |
|---|---|---|
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.85 |
| SEF | ProShares Short Financials | -0.64 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.63 |
| SKF | ProShares UltraShort Financials | -0.63 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.61 |
Frequently asked questions about PNFP correlations
- Which stocks are most correlated with PNFP?
- Based on one year of daily returns, the stocks most correlated with Pinnacle Financial Partners, Inc. (PNFP) are DPST (0.86), KRE (0.86) and KBE (0.85). 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 PNFP?
- Over the past year, the stocks most inversely correlated with Pinnacle Financial Partners, Inc. (PNFP) are SKRE (-0.85), SEF (-0.64) and FAZ (-0.63). 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 PNFP correlations calculated?
- We compute the correlation of daily returns between PNFP 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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