CNB beta

Beta of CNB Financial Corporation

0.36
BETA indicates whether a stock is more or less volatile than the market as a whole. A beta less than 1 indicates that the stock is less volatile than the market, while a beta more than 1 indicates that the stock is more volatile. Volatility is measured as the fluctuation of the price around the mean.

Beta is a measure of the risk arising from exposure to general market movements as opposed to idiosyncratic factors. The market portfolio of all investable assets has a beta of exactly 1. A beta below 1 can indicate either an investment with lower volatility than the market, or a volatile investment whose price movements are not highly correlated with the market. A beta greater than one generally means that the asset both is volatile and tends to move up and down with the market. Beta is important because it measures the risk of an investment that cannot be reduced by diversification. It does not measure the risk of an investment held on a stand-alone basis, but the amount of risk the investment adds to an already-diversified portfolio. In the capital asset pricing model, beta risk is the only kind of risk for which investors should receive an expected return higher than the risk-free rate of interest.


About CNB Financial Corporation

CNB Financial Corporation operates as the bank holding company for CNB Bank that provides various banking products and services for individual, business, governmental, and institutional customers. The company's principal products and services comprise checking, savings, and time deposit accounts; and real estate, commercial, industrial, residential, and consumer loans. It also offers various other specialized financial services; and trust and asset management services, including the administration of trusts and estates, retirement plans, and other employee benefit plans, as well as a range of wealth management services. In addition, the company, through its other subsidiaries, maintains investments in debt and equity securities; provides credit life and disability insurance products; sells nonproprietary annuities and other insurance products; and offers small balance unsecured and secured loans that are primarily collateralized by automobiles and equipment. As of February 14, 2017, the company operated 32 full-service offices and 1 loan production office in Pennsylvania and northeast Ohio; 9 full-service offices and 1 loan production office in central Ohio; and 1 loan production office in Buffalo, New York. CNB Financial Corporation was founded in 1865 and is headquartered in Clearfield, Pennsylvania.

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