PKBK vs RSVR: Correlation
Parke Bancorp, Inc. (PKBK) and Reservoir Media, Inc.. (RSVR) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PKBK and RSVR?
On 3 years of weekly data the PKBK/RSVR correlation comes out at 0.44, moderate. The link has loosened recently: the 1-year correlation (-0.14) runs below the 3-year figure (0.44). The 5-year figure is 0.34, and annualized covariance runs at 394.5 %².
Among the 12 assets we track against PKBK, RSVR ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PKBK outperformed by 27.9 percentage points (+52.1% for PKBK against +24.2% for RSVR).
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.
PKBK vs RSVR: side by side
| PKBK (Parke Bancorp, Inc.) | RSVR (Reservoir Media, Inc..) | |
|---|---|---|
| 1-year return | +52.1% | +24.2% |
| 5-year return | +97.5% | +8.6% |
| Volatility (ann.) | 27.2% | 33.2% |
| Beta vs S&P 500 | 0.68 | 0.63 |
| Max drawdown (3Y) | -26.3% | -28.5% |
| Market cap | $0.4B | $0.6B |
| P/E (trailing) | 8.8 | 69.6 |
| Dividend yield | 2.19% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PKBK | RSVR |
|---|---|---|
| 2022 | +0.4% | -24.5% |
| 2023 | +1.7% | +19.4% |
| 2024 | +5.4% | +26.9% |
| 2025 | +26.6% | -16.4% |
| 2026 | +36.9% | +28.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PKBK and RSVR good diversifiers for each other?
Reasonably. At 0.44, PKBK and RSVR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PKBK and RSVR?
The PKBK/RSVR correlation stands at 0.44 on a 3-year window (1 year: -0.14, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is RSVR a good diversifier for PKBK?
Reasonably. At 0.44, PKBK and RSVR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 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/pkbk-vs-rsvr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pkbk-vs-rsvr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PKBK correlations · RSVR correlations
