AVO vs PLBC: Correlation
How closely do Mission Produce, Inc. (AVO) and Plumas Bancorp (PLBC) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVO and PLBC?
Over the past 3 years, AVO and PLBC moved with a correlation of 0.41, which is moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 460.8 %².
Among the 10 assets we track against AVO, PLBC ranks #4 by 3-year correlation. The last year tells two different stories: PLBC led by 45.0 percentage points, +0.3% for AVO against +45.3% for PLBC.
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.
AVO vs PLBC: side by side
| AVO (Mission Produce, Inc.) | PLBC (Plumas Bancorp) | |
|---|---|---|
| 1-year return | +0.3% | +45.3% |
| 5-year return | -38.9% | +114.6% |
| Volatility (ann.) | 37.0% | 30.5% |
| Beta vs S&P 500 | 0.40 | 0.37 |
| Max drawdown (3Y) | -34.1% | -26.7% |
| Market cap | $1.1B | $0.4B |
| P/E (trailing) | 40.4 | 12.0 |
| Dividend yield | 0.00% | 2.06% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVO | PLBC |
|---|---|---|
| 2022 | -26.0% | +11.7% |
| 2023 | -13.2% | +14.7% |
| 2024 | +42.4% | +17.5% |
| 2025 | -19.3% | -2.7% |
| 2026 | +7.9% | +39.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVO and PLBC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AVO and PLBC?
As of 2026-08-27, the correlation of weekly returns between AVO and PLBC is 0.41 over 3 years, 0.42 over 1 year and 0.26 over 5 years.
Is PLBC a good diversifier for AVO?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/avo-vs-plbc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avo-vs-plbc/)
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Related comparisons
Hubs: AVO correlations · PLBC correlations
