POWW vs SRCE: Correlation
How closely do Outdoor Holding Company (POWW) and 1st Source Corporation (SRCE) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are POWW and SRCE?
On 3 years of weekly data the POWW/SRCE correlation comes out at 0.42, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.42 over 3 years. The 5-year figure is 0.36, and annualized covariance runs at 583.2 %².
By 3-year correlation, SRCE places #5 of the 11 assets tracked against POWW. On 12-month performance POWW holds a 9.0-point edge, +46.0% against +37.0%. Note the risk asymmetry: POWW runs 2.2 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.
POWW vs SRCE: side by side
| POWW (Outdoor Holding Company) | SRCE (1st Source Corporation) | |
|---|---|---|
| 1-year return | +46.0% | +37.0% |
| 5-year return | -70.6% | +110.2% |
| Volatility (ann.) | 54.9% | 25.5% |
| Beta vs S&P 500 | 0.93 | 0.61 |
| Max drawdown (3Y) | -67.5% | -21.2% |
| Market cap | $0.3B | $2.1B |
| P/E (trailing) | 109.5 | 12.4 |
| Dividend yield | 0.00% | 0.93% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | POWW | SRCE |
|---|---|---|
| 2022 | -68.3% | +9.8% |
| 2023 | +21.4% | +6.5% |
| 2024 | -47.6% | +9.0% |
| 2025 | +55.5% | +9.8% |
| 2026 | +28.1% | +40.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are POWW and SRCE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between POWW and SRCE?
The POWW/SRCE correlation stands at 0.42 on a 3-year window (1 year: 0.24, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is SRCE a good diversifier for POWW?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 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/poww-vs-srce.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/poww-vs-srce/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: POWW correlations · SRCE correlations
