EDVA vs PNBK: Correlation
Measured on weekly returns over the past three years, Endovia Health Sciences, Inc. (EDVA) and Patriot National Bancorp Inc. (PNBK) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDVA and PNBK?
Over the past 3 years, EDVA and PNBK moved with a correlation of 0.51, which is moderate. The past 12 months show a weaker link (0.12) than the 3-year average (0.51). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 9801.2 %².
Few assets follow EDVA as closely as PNBK, which ranks #3 of 11 tracked partners. Their recent paths diverged sharply: over the last 12 months PNBK outperformed by 63.3 percentage points (-95.4% for EDVA against -32.1% for PNBK). Risk is not evenly split, since EDVA carries 1.5 times the volatility of the other side.
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.
EDVA vs PNBK: side by side
| EDVA (Endovia Health Sciences, Inc.) | PNBK (Patriot National Bancorp Inc.) | |
|---|---|---|
| 1-year return | -95.4% | -32.1% |
| 5-year return | -99.9% | -89.0% |
| Volatility (ann.) | 170.0% | 112.5% |
| Beta vs S&P 500 | 1.54 | 0.76 |
| Max drawdown (3Y) | -99.7% | -89.4% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EDVA | PNBK |
|---|---|---|
| 2022 | -17.7% | -31.8% |
| 2023 | -42.6% | -63.9% |
| 2024 | -70.8% | -49.3% |
| 2025 | -89.3% | -6.2% |
| 2026 | -88.4% | -43.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDVA and PNBK good diversifiers for each other?
To a limited degree. At 0.51 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 EDVA and PNBK?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.12 over the last year and 0.32 over 5 years.
Is PNBK a good diversifier for EDVA?
To a limited degree. At 0.51 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 0.51 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/edva-vs-pnbk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/edva-vs-pnbk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EDVA correlations · PNBK correlations
