NPK vs PEBO: Correlation
National Presto Industries, Inc. (NPK) and Peoples Bancorp Inc. (PEBO) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NPK and PEBO?
Across a 3-year window, the weekly returns of NPK and PEBO correlate at 0.42, moderate. The link has loosened recently: the 1-year correlation (0.09) runs below the 3-year figure (0.42). Stretching to 5 years gives 0.43, with an annualized covariance of 308.2 %².
Among the 10 assets we track against NPK, PEBO ranks #5 by 3-year correlation. On 12-month performance NPK holds a 10.6-point edge, +44.2% against +33.6%.
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.
NPK vs PEBO: side by side
| NPK (National Presto Industries, Inc.) | PEBO (Peoples Bancorp Inc.) | |
|---|---|---|
| 1-year return | +44.2% | +33.6% |
| 5-year return | +115.3% | +66.3% |
| Volatility (ann.) | 28.9% | 25.1% |
| Beta vs S&P 500 | 0.70 | 0.69 |
| Max drawdown (3Y) | -23.3% | -24.5% |
| Market cap | $1.1B | $1.4B |
| P/E (trailing) | 25.2 | 12.0 |
| Dividend yield | 0.66% | 4.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NPK | PEBO |
|---|---|---|
| 2022 | -11.8% | -6.6% |
| 2023 | +23.8% | +26.5% |
| 2024 | +29.9% | -1.0% |
| 2025 | +9.6% | +0.1% |
| 2026 | +44.8% | +36.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NPK and PEBO good diversifiers for each other?
Reasonably. At 0.42, NPK and PEBO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NPK and PEBO?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.09 over the last year and 0.43 over 5 years.
Is PEBO a good diversifier for NPK?
Reasonably. At 0.42, NPK and PEBO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 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: NPK correlations · PEBO correlations
