PAMT vs TRMK: Correlation
Measured on weekly returns over the past three years, PAMT CORP (PAMT) and Trustmark Corporation (TRMK) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAMT and TRMK?
Over the past 3 years, PAMT and TRMK moved with a correlation of 0.56, which is moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.56 over 3. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 829.6 %².
Few assets follow PAMT as closely as TRMK, which ranks #2 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months TRMK outperformed by 22.4 percentage points (-5.9% for PAMT against +16.5% for TRMK). Risk is not evenly split, since PAMT carries 2.0 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.
PAMT vs TRMK: side by side
| PAMT (PAMT CORP) | TRMK (Trustmark Corporation) | |
|---|---|---|
| 1-year return | -5.9% | +16.5% |
| 5-year return | -27.0% | +69.7% |
| Volatility (ann.) | 55.0% | 27.0% |
| Beta vs S&P 500 | 0.79 | 0.91 |
| Max drawdown (3Y) | -67.8% | -22.0% |
| Market cap | $0.3B | $2.7B |
| P/E (trailing) | – | 11.8 |
| Dividend yield | 0.00% | 2.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAMT | TRMK |
|---|---|---|
| 2022 | -27.1% | +10.7% |
| 2023 | -19.8% | -17.0% |
| 2024 | -21.2% | +30.6% |
| 2025 | -26.3% | +13.0% |
| 2026 | -0.3% | +20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAMT and TRMK 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 TRMK?
As of 2026-08-27, the correlation of weekly returns between PAMT and TRMK is 0.56 over 3 years, 0.54 over 1 year and 0.38 over 5 years.
Is TRMK 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?
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: PAMT correlations · TRMK correlations
