PAMT vs RBCAA: Correlation
How closely do PAMT CORP (PAMT) and Republic Bancorp, Inc. (RBCAA) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAMT and RBCAA?
On 3 years of weekly data the PAMT/RBCAA correlation comes out at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 859.0 %².
Few assets follow PAMT as closely as RBCAA, which ranks #1 of 10 tracked partners. The last year tells two different stories: RBCAA led by 31.0 percentage points, -5.9% for PAMT against +25.1% for RBCAA. Note the risk asymmetry: PAMT runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PAMT vs RBCAA: side by side
| PAMT (PAMT CORP) | RBCAA (Republic Bancorp, Inc.) | |
|---|---|---|
| 1-year return | -5.9% | +25.1% |
| 5-year return | -27.0% | +117.3% |
| Volatility (ann.) | 55.0% | 28.1% |
| Beta vs S&P 500 | 0.79 | 0.68 |
| Max drawdown (3Y) | -67.8% | -21.6% |
| Market cap | $0.3B | $1.8B |
| P/E (trailing) | – | 14.4 |
| Dividend yield | 0.00% | 2.01% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAMT | RBCAA |
|---|---|---|
| 2022 | -27.1% | -16.9% |
| 2023 | -19.8% | +39.4% |
| 2024 | -21.2% | +30.3% |
| 2025 | -26.3% | +1.3% |
| 2026 | -0.3% | +38.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAMT and RBCAA good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PAMT and RBCAA?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.54 over the last year and 0.43 over 5 years.
Is RBCAA a good diversifier for PAMT?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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/pamt-vs-rbcaa.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pamt-vs-rbcaa/)
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Related comparisons
Hubs: PAMT correlations · RBCAA correlations
