FMAO vs PLBC: Correlation
How closely do Farmers & Merchants Bancorp, Inc. (FMAO) and Plumas Bancorp (PLBC) trade together? Their weekly returns over three years give a correlation of 0.67, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMAO and PLBC?
On 3 years of weekly data the FMAO/PLBC correlation comes out at 0.67, strong. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. The 5-year figure is 0.47, and annualized covariance runs at 738.3 %².
Among the 19 assets we track against FMAO, PLBC ranks #7 by 3-year correlation. Over the last 12 months PLBC came out ahead by 13.9 percentage points (+31.4% against +45.3%).
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.
FMAO vs PLBC: side by side
| FMAO (Farmers & Merchants Bancorp, Inc.) | PLBC (Plumas Bancorp) | |
|---|---|---|
| 1-year return | +31.4% | +45.3% |
| 5-year return | +78.8% | +114.6% |
| Volatility (ann.) | 36.2% | 30.5% |
| Beta vs S&P 500 | 0.90 | 0.37 |
| Max drawdown (3Y) | -35.0% | -26.7% |
| Market cap | $0.5B | $0.4B |
| P/E (trailing) | 11.6 | 12.0 |
| Dividend yield | 2.72% | 2.06% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMAO | PLBC |
|---|---|---|
| 2022 | -14.9% | +11.7% |
| 2023 | -5.3% | +14.7% |
| 2024 | +23.1% | +17.5% |
| 2025 | -13.0% | -2.7% |
| 2026 | +39.4% | +39.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMAO and PLBC good diversifiers for each other?
To a limited degree. At 0.67 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 FMAO and PLBC?
As of 2026-08-27, the correlation of weekly returns between FMAO and PLBC is 0.67 over 3 years, 0.61 over 1 year and 0.47 over 5 years.
Is PLBC a good diversifier for FMAO?
To a limited degree. At 0.67 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 0.67 mean?
On the −1 to +1 scale, 0.67 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/fmao-vs-plbc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fmao-vs-plbc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FMAO correlations · PLBC correlations
