EQBK vs PESI: Correlation
How closely do Equity Bancshares, Inc. (EQBK) and Perma-Fix Environmental Services, Inc. (PESI) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQBK and PESI?
On 3 years of weekly data the EQBK/PESI correlation comes out at 0.42, moderate. Recent behaviour matches the longer record: 0.35 over 1 year against 0.42 over 3. The 5-year figure is 0.25, and annualized covariance runs at 721.1 %².
Within EQBK's tracked universe of 15 assets, PESI comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PESI ahead by 37.7 points (+23.7% versus +61.4%). Risk is not evenly split, since PESI carries 2.1 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.
EQBK vs PESI: side by side
| EQBK (Equity Bancshares, Inc.) | PESI (Perma-Fix Environmental Services, Inc.) | |
|---|---|---|
| 1-year return | +23.7% | +61.4% |
| 5-year return | +67.0% | +234.5% |
| Volatility (ann.) | 28.8% | 59.3% |
| Beta vs S&P 500 | 0.76 | 1.10 |
| Max drawdown (3Y) | -28.3% | -58.0% |
| Market cap | $1.0B | $0.4B |
| P/E (trailing) | 31.5 | – |
| Dividend yield | 1.45% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EQBK | PESI |
|---|---|---|
| 2022 | -2.6% | -44.2% |
| 2023 | +5.5% | +122.7% |
| 2024 | +26.9% | +40.8% |
| 2025 | +6.9% | +13.7% |
| 2026 | +12.2% | +53.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQBK and PESI good diversifiers for each other?
Reasonably. At 0.42, EQBK and PESI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EQBK and PESI?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.35 over the last year and 0.25 over 5 years.
Is PESI a good diversifier for EQBK?
Reasonably. At 0.42, EQBK and PESI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/eqbk-vs-pesi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eqbk-vs-pesi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EQBK correlations · PESI correlations
