PEBK vs THFF: Correlation
How closely do Peoples Bancorp of North Carolina, Inc. (PEBK) and First Financial Corporation (THFF) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEBK and THFF?
Across a 3-year window, the weekly returns of PEBK and THFF correlate at 0.65, strong. The link has tightened recently: the 1-year correlation (0.79) runs above the 3-year figure (0.65). Stretching to 5 years gives 0.57, with an annualized covariance of 555.0 %².
Within PEBK's tracked universe of 12 assets, THFF comes in at #5 by 3-year correlation. Neither side won the trailing year by much: +42.8% against +38.8%.
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.
PEBK vs THFF: side by side
| PEBK (Peoples Bancorp of North Carolina, Inc.) | THFF (First Financial Corporation) | |
|---|---|---|
| 1-year return | +42.8% | +38.8% |
| 5-year return | +80.5% | +135.2% |
| Volatility (ann.) | 30.3% | 28.2% |
| Beta vs S&P 500 | 0.76 | 0.81 |
| Max drawdown (3Y) | -25.2% | -20.2% |
| Market cap | $0.2B | $0.9B |
| P/E (trailing) | 12.0 | 11.1 |
| Dividend yield | 1.88% | 2.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PEBK | THFF |
|---|---|---|
| 2022 | +21.8% | +4.4% |
| 2023 | -1.4% | -2.6% |
| 2024 | +4.3% | +11.1% |
| 2025 | +19.7% | +36.2% |
| 2026 | +21.5% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEBK and THFF good diversifiers for each other?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between PEBK and THFF?
As of 2026-08-27, the correlation of weekly returns between PEBK and THFF is 0.65 over 3 years, 0.79 over 1 year and 0.57 over 5 years.
Is THFF a good diversifier for PEBK?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.65 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pebk-vs-thff.json
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Related comparisons
Hubs: PEBK correlations · THFF correlations
