PAMT vs STBA: Correlation
PAMT CORP (PAMT) and S&T Bancorp, Inc. (STBA) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAMT and STBA?
On 3 years of weekly data the PAMT/STBA correlation comes out at 0.55, moderate. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. The 5-year figure is 0.41, and annualized covariance runs at 865.1 %².
Within PAMT's tracked universe of 10 assets, STBA comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months STBA outperformed by 34.9 percentage points (-5.9% for PAMT against +29.0% for STBA). One caveat on sizing: PAMT is 1.9 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.
PAMT vs STBA: side by side
| PAMT (PAMT CORP) | STBA (S&T Bancorp, Inc.) | |
|---|---|---|
| 1-year return | -5.9% | +29.0% |
| 5-year return | -27.0% | +102.2% |
| Volatility (ann.) | 55.0% | 28.7% |
| Beta vs S&P 500 | 0.79 | 0.68 |
| Max drawdown (3Y) | -67.8% | -26.1% |
| Market cap | $0.3B | $1.8B |
| P/E (trailing) | – | 13.3 |
| Dividend yield | 0.00% | 1.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAMT | STBA |
|---|---|---|
| 2022 | -27.1% | +12.6% |
| 2023 | -19.8% | +2.1% |
| 2024 | -21.2% | +18.7% |
| 2025 | -26.3% | +6.7% |
| 2026 | -0.3% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAMT and STBA good diversifiers for each other?
Only partially. A correlation of 0.55 means PAMT and STBA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between PAMT and STBA?
As of 2026-08-27, the correlation of weekly returns between PAMT and STBA is 0.55 over 3 years, 0.54 over 1 year and 0.41 over 5 years.
Is STBA a good diversifier for PAMT?
Only partially. A correlation of 0.55 means PAMT and STBA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
A reading of 0.55 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/pamt-vs-stba.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pamt-vs-stba/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PAMT correlations · STBA correlations
