BHB vs PKBK: Correlation
How closely do Bar Harbor Bankshares, Inc. (BHB) and Parke Bancorp, Inc. (PKBK) trade together? Their weekly returns over three years give a correlation of 0.80, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHB and PKBK?
Across a 3-year window, the weekly returns of BHB and PKBK correlate at 0.80, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.83 over 1 year against 0.80 over 3. Stretching to 5 years gives 0.71, with an annualized covariance of 617.0 %².
Among the 21 assets we track against BHB, PKBK ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PKBK ahead by 25.9 points (+26.2% versus +52.1%).
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.
BHB vs PKBK: side by side
| BHB (Bar Harbor Bankshares, Inc.) | PKBK (Parke Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +26.2% | +52.1% |
| 5-year return | +75.3% | +97.5% |
| Volatility (ann.) | 28.3% | 27.2% |
| Beta vs S&P 500 | 0.67 | 0.68 |
| Max drawdown (3Y) | -27.1% | -26.3% |
| Market cap | $0.7B | $0.4B |
| P/E (trailing) | 13.3 | 8.8 |
| Dividend yield | 3.31% | 2.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHB | PKBK |
|---|---|---|
| 2022 | +14.8% | +0.4% |
| 2023 | -4.5% | +1.7% |
| 2024 | +8.6% | +5.4% |
| 2025 | +5.7% | +26.6% |
| 2026 | +29.9% | +36.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHB and PKBK good diversifiers for each other?
No. With a correlation of 0.80, BHB and PKBK move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BHB and PKBK?
Using weekly returns as of 2026-08-27: 0.80 over 3 years, with 0.83 over the last year and 0.71 over 5 years.
Is PKBK a good diversifier for BHB?
No. With a correlation of 0.80, BHB and PKBK move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.80 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.
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Related comparisons
Hubs: BHB correlations · PKBK correlations
