KRNY vs PCRX: Correlation
Kearny Financial (KRNY) and Pacira BioSciences, Inc. (PCRX) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRNY and PCRX?
On 3 years of weekly data the KRNY/PCRX correlation comes out at 0.40, moderate. The relationship has been stable: the 1-year correlation (0.33) sits close to the 3-year figure. The 5-year figure is 0.29, and annualized covariance runs at 669.1 %².
Among the 11 assets we track against KRNY, PCRX ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with KRNY ahead by 61.3 points (+60.2% versus -1.1%).
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.
KRNY vs PCRX: side by side
| KRNY (Kearny Financial) | PCRX (Pacira BioSciences, Inc.) | |
|---|---|---|
| 1-year return | +60.2% | -1.1% |
| 5-year return | +2.4% | -56.2% |
| Volatility (ann.) | 33.5% | 50.0% |
| Beta vs S&P 500 | 0.79 | 0.71 |
| Max drawdown (3Y) | -41.5% | -67.9% |
| Market cap | $0.6B | $1.0B |
| P/E (trailing) | 17.3 | 73.8 |
| Dividend yield | 4.47% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRNY | PCRX |
|---|---|---|
| 2022 | -20.4% | -35.8% |
| 2023 | -6.7% | -12.6% |
| 2024 | -15.5% | -44.2% |
| 2025 | +12.0% | +37.4% |
| 2026 | +40.4% | -0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRNY and PCRX good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KRNY and PCRX?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.33 over the last year and 0.29 over 5 years.
Is PCRX a good diversifier for KRNY?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 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/krny-vs-pcrx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/krny-vs-pcrx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KRNY correlations · PCRX correlations
