FMNB vs PLBC: Correlation
How closely do Farmers National Banc Corp. (FMNB) and Plumas Bancorp (PLBC) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMNB and PLBC?
Over the past 3 years, FMNB and PLBC moved with a correlation of 0.65, which is strong. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 546.8 %².
Within FMNB's tracked universe of 20 assets, PLBC comes in at #9 by 3-year correlation. The last year tells two different stories: PLBC led by 35.0 percentage points, +10.3% for FMNB against +45.3% for PLBC.
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.
FMNB vs PLBC: side by side
| FMNB (Farmers National Banc Corp.) | PLBC (Plumas Bancorp) | |
|---|---|---|
| 1-year return | +10.3% | +45.3% |
| 5-year return | +27.6% | +114.6% |
| Volatility (ann.) | 27.7% | 30.5% |
| Beta vs S&P 500 | 0.71 | 0.37 |
| Max drawdown (3Y) | -23.6% | -26.7% |
| Market cap | $0.9B | $0.4B |
| P/E (trailing) | 10.6 | 12.0 |
| Dividend yield | 4.34% | 2.06% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMNB | PLBC |
|---|---|---|
| 2022 | -20.6% | +11.7% |
| 2023 | +7.8% | +14.7% |
| 2024 | +3.4% | +17.5% |
| 2025 | -1.7% | -2.7% |
| 2026 | +21.3% | +39.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMNB and PLBC good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FMNB and PLBC?
As of 2026-08-27, the correlation of weekly returns between FMNB and PLBC is 0.65 over 3 years, 0.63 over 1 year and 0.47 over 5 years.
Is PLBC a good diversifier for FMNB?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 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/fmnb-vs-plbc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fmnb-vs-plbc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FMNB correlations · PLBC correlations
