CEG vs PLBC: Correlation
Measured on weekly returns over the past three years, Constellation Energy (CEG) and Plumas Bancorp (PLBC) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CEG and PLBC?
On 3 years of weekly data the CEG/PLBC correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.32 lands near the 3-year figure. The 5-year figure is -0.14, and annualized covariance runs at -352.5 %².
Within CEG's tracked universe of 32 assets, PLBC comes in at #25 by 3-year correlation. The last year tells two different stories: PLBC led by 55.4 percentage points, -10.1% for CEG against +45.3% for PLBC. Note the risk asymmetry: CEG runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CEG vs PLBC: side by side
| CEG (Constellation Energy) | PLBC (Plumas Bancorp) | |
|---|---|---|
| 1-year return | -10.1% | +45.3% |
| 5-year return | +598.5% | +114.6% |
| Volatility (ann.) | 52.1% | 30.5% |
| Beta vs S&P 500 | 1.42 | 0.37 |
| Max drawdown (3Y) | -50.7% | -26.7% |
| Market cap | $100.1B | $0.4B |
| P/E (trailing) | 27.3 | 12.0 |
| Dividend yield | 0.58% | 2.06% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | CEG | PLBC |
|---|---|---|
| 2022 | – | +11.7% |
| 2023 | +37.2% | +14.7% |
| 2024 | +92.7% | +17.5% |
| 2025 | +58.8% | -2.7% |
| 2026 | -19.7% | +39.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CEG and PLBC good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between CEG and PLBC?
As of 2026-08-27, the correlation of weekly returns between CEG and PLBC is -0.22 over 3 years, -0.32 over 1 year and -0.14 over 5 years.
Is PLBC a good diversifier for CEG?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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/ceg-vs-plbc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ceg-vs-plbc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CEG correlations · PLBC correlations
