FSBW vs PAMT: Correlation
How closely do FS Bancorp, Inc. (FSBW) and PAMT CORP (PAMT) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSBW and PAMT?
Across a 3-year window, the weekly returns of FSBW and PAMT correlate at 0.55, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.55 over 3. Stretching to 5 years gives 0.39, with an annualized covariance of 832.3 %².
Among the 23 assets we track against FSBW, PAMT ranks #12 by 3-year correlation. The trailing year gives FSBW the advantage: +3.5% versus -5.9%, a 9.4-point spread. One caveat on sizing: PAMT is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FSBW vs PAMT: side by side
| FSBW (FS Bancorp, Inc.) | PAMT (PAMT CORP) | |
|---|---|---|
| 1-year return | +3.5% | -5.9% |
| 5-year return | +47.7% | -27.0% |
| Volatility (ann.) | 27.5% | 55.0% |
| Beta vs S&P 500 | 0.69 | 0.79 |
| Max drawdown (3Y) | -26.1% | -67.8% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | 9.7 | – |
| Dividend yield | 2.69% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSBW | PAMT |
|---|---|---|
| 2022 | +2.4% | -27.1% |
| 2023 | +14.1% | -19.8% |
| 2024 | +14.3% | -21.2% |
| 2025 | +3.7% | -26.3% |
| 2026 | +5.9% | -0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSBW and PAMT good diversifiers for each other?
To a limited degree. At 0.55 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 FSBW and PAMT?
The FSBW/PAMT correlation stands at 0.55 on a 3-year window (1 year: 0.50, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is PAMT a good diversifier for FSBW?
To a limited degree. At 0.55 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 0.55 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.
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Related comparisons
Hubs: FSBW correlations · PAMT correlations
