OVBC vs PNBK: Correlation
Measured on weekly returns over the past three years, Ohio Valley Banc Corp. (OVBC) and Patriot National Bancorp Inc. (PNBK) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OVBC and PNBK?
On 3 years of weekly data the OVBC/PNBK correlation comes out at 0.36, moderate. The past 12 months show a weaker link (-0.01) than the 3-year average (0.36). The 5-year figure is 0.29, and annualized covariance runs at 1305.7 %².
By 3-year correlation, PNBK places #5 of the 11 assets tracked against OVBC. Correlation aside, the last 12 months split them widely, with OVBC ahead by 59.9 points (+27.8% versus -32.1%). Risk is not evenly split, since PNBK carries 3.5 times the volatility of the other side.
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.
OVBC vs PNBK: side by side
| OVBC (Ohio Valley Banc Corp.) | PNBK (Patriot National Bancorp Inc.) | |
|---|---|---|
| 1-year return | +27.8% | -32.1% |
| 5-year return | +98.0% | -89.0% |
| Volatility (ann.) | 32.1% | 112.5% |
| Beta vs S&P 500 | 0.12 | 0.76 |
| Max drawdown (3Y) | -26.2% | -89.4% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | 15.1 | – |
| Dividend yield | 2.08% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OVBC | PNBK |
|---|---|---|
| 2022 | -7.8% | -31.8% |
| 2023 | -9.3% | -63.9% |
| 2024 | +9.3% | -49.3% |
| 2025 | +70.0% | -6.2% |
| 2026 | +15.4% | -43.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OVBC and PNBK good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between OVBC and PNBK?
The OVBC/PNBK correlation stands at 0.36 on a 3-year window (1 year: -0.01, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is PNBK a good diversifier for OVBC?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
A reading of 0.36 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ovbc-vs-pnbk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ovbc-vs-pnbk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OVBC correlations · PNBK correlations
