ATLO vs PFS: Correlation
How closely do Ames National Corporation (ATLO) and Provident Financial Services, Inc (PFS) trade together? Their weekly returns over three years give a correlation of 0.67, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATLO and PFS?
On 3 years of weekly data the ATLO/PFS correlation comes out at 0.67, strong. Little has changed lately, as the 1-year reading of 0.73 lands near the 3-year figure. The 5-year figure is 0.61, and annualized covariance runs at 536.6 %².
Few assets follow ATLO as closely as PFS, which ranks #2 of 11 tracked partners. The last year tells two different stories: ATLO led by 39.6 percentage points, +63.5% for ATLO against +23.9% for PFS.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ATLO vs PFS: side by side
| ATLO (Ames National Corporation) | PFS (Provident Financial Services, Inc) | |
|---|---|---|
| 1-year return | +63.5% | +23.9% |
| 5-year return | +67.0% | +37.5% |
| Volatility (ann.) | 26.4% | 30.4% |
| Beta vs S&P 500 | 0.51 | 0.87 |
| Max drawdown (3Y) | -25.4% | -31.3% |
| Market cap | $0.3B | $3.1B |
| P/E (trailing) | 12.1 | 9.8 |
| Dividend yield | 2.81% | 2.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATLO | PFS |
|---|---|---|
| 2022 | +1.0% | -8.0% |
| 2023 | -4.5% | -10.8% |
| 2024 | -19.0% | +10.7% |
| 2025 | +45.7% | +10.2% |
| 2026 | +39.2% | +23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATLO and PFS good diversifiers for each other?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ATLO and PFS?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.73 over the last year and 0.61 over 5 years.
Is PFS a good diversifier for ATLO?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.67 mean?
On the −1 to +1 scale, 0.67 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/atlo-vs-pfs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/atlo-vs-pfs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATLO correlations · PFS correlations
