LVO vs PEBK: Correlation
LiveOne, Inc. (LVO) and Peoples Bancorp of North Carolina, Inc. (PEBK) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LVO and PEBK?
On 3 years of weekly data the LVO/PEBK correlation comes out at 0.41, moderate. The past 12 months show a weaker link (0.18) than the 3-year average (0.41). The 5-year figure is 0.30, and annualized covariance runs at 1023.4 %².
PEBK is one of the assets that tracks LVO most closely: it ranks #1 out of the 13 assets we track against LVO. The last year tells two different stories: PEBK led by 75.7 percentage points, -32.9% for LVO against +42.8% for PEBK. One caveat on sizing: LVO is 2.7 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.
LVO vs PEBK: side by side
| LVO (LiveOne, Inc.) | PEBK (Peoples Bancorp of North Carolina, Inc.) | |
|---|---|---|
| 1-year return | -32.9% | +42.8% |
| 5-year return | -88.2% | +80.5% |
| Volatility (ann.) | 82.2% | 30.3% |
| Beta vs S&P 500 | 1.85 | 0.76 |
| Max drawdown (3Y) | -83.1% | -25.2% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | 12.0 |
| Dividend yield | 0.00% | 1.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LVO | PEBK |
|---|---|---|
| 2022 | -49.7% | +21.8% |
| 2023 | +115.8% | -1.4% |
| 2024 | +5.8% | +4.3% |
| 2025 | -67.9% | +19.7% |
| 2026 | -16.1% | +21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LVO and PEBK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LVO and PEBK?
The LVO/PEBK correlation stands at 0.41 on a 3-year window (1 year: 0.18, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is PEBK a good diversifier for LVO?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/lvo-vs-pebk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lvo-vs-pebk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LVO correlations · PEBK correlations
