EBMT vs FKWL: Correlation
How closely do Eagle Bancorp Montana, Inc. (EBMT) and Franklin Wireless Corp. (FKWL) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EBMT and FKWL?
Across a 3-year window, the weekly returns of EBMT and FKWL correlate at 0.37, moderate. The past 12 months show a weaker link (0.07) than the 3-year average (0.37). Stretching to 5 years gives 0.28, with an annualized covariance of 312.4 %².
Among the 12 assets we track against EBMT, FKWL ranks #7 by 3-year correlation. The last year tells two different stories: EBMT led by 73.6 percentage points, +32.2% for EBMT against -41.4% for FKWL.
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.
EBMT vs FKWL: side by side
| EBMT (Eagle Bancorp Montana, Inc.) | FKWL (Franklin Wireless Corp.) | |
|---|---|---|
| 1-year return | +32.2% | -41.4% |
| 5-year return | +21.5% | -69.6% |
| Volatility (ann.) | 25.2% | 33.9% |
| Beta vs S&P 500 | 0.51 | 0.02 |
| Max drawdown (3Y) | -22.2% | -67.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | 11.0 | – |
| Dividend yield | 2.56% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EBMT | FKWL |
|---|---|---|
| 2022 | -27.8% | +2.1% |
| 2023 | +1.9% | -24.0% |
| 2024 | +1.1% | +44.5% |
| 2025 | +34.4% | -10.1% |
| 2026 | +14.8% | -43.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EBMT and FKWL good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EBMT and FKWL?
As of 2026-08-27, the correlation of weekly returns between EBMT and FKWL is 0.37 over 3 years, 0.07 over 1 year and 0.28 over 5 years.
Is FKWL a good diversifier for EBMT?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/ebmt-vs-fkwl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ebmt-vs-fkwl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EBMT correlations · FKWL correlations
