CCNE vs PEBK: Correlation
Measured on weekly returns over the past three years, CNB Financial Corporation (CCNE) and Peoples Bancorp of North Carolina, Inc. (PEBK) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCNE and PEBK?
On 3 years of weekly data the CCNE/PEBK correlation comes out at 0.65, strong. Recent behaviour matches the longer record: 0.75 over 1 year against 0.65 over 3. The 5-year figure is 0.53, and annualized covariance runs at 566.7 %².
By 3-year correlation, PEBK places #15 of the 27 assets tracked against CCNE. The trailing year gives PEBK the advantage: +30.2% versus +42.8%, a 12.6-point spread.
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.
CCNE vs PEBK: side by side
| CCNE (CNB Financial Corporation) | PEBK (Peoples Bancorp of North Carolina, Inc.) | |
|---|---|---|
| 1-year return | +30.2% | +42.8% |
| 5-year return | +61.1% | +80.5% |
| Volatility (ann.) | 29.0% | 30.3% |
| Beta vs S&P 500 | 0.84 | 0.76 |
| Max drawdown (3Y) | -29.7% | -25.2% |
| Market cap | $1.0B | $0.2B |
| P/E (trailing) | 10.6 | 12.0 |
| Dividend yield | 2.18% | 1.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCNE | PEBK |
|---|---|---|
| 2022 | -7.8% | +21.8% |
| 2023 | -1.6% | -1.4% |
| 2024 | +13.6% | +4.3% |
| 2025 | +8.4% | +19.7% |
| 2026 | +31.5% | +21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCNE and PEBK good diversifiers for each other?
To a limited degree. At 0.65 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 CCNE and PEBK?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.75 over the last year and 0.53 over 5 years.
Is PEBK a good diversifier for CCNE?
To a limited degree. At 0.65 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 0.65 mean?
On the −1 to +1 scale, 0.65 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/ccne-vs-pebk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccne-vs-pebk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCNE correlations · PEBK correlations
