PRK vs SMTI: Correlation
Measured on weekly returns over the past three years, Park National Corporation (PRK) and Sanara MedTech Inc. (SMTI) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRK and SMTI?
Across a 3-year window, the weekly returns of PRK and SMTI correlate at 0.43, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.32 versus 0.43 over 3 years. Stretching to 5 years gives 0.34, with an annualized covariance of 623.1 %².
Among the 19 assets we track against PRK, SMTI ranks #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PRK outperformed by 15.3 percentage points (+17.2% for PRK against +1.9% for SMTI). Risk is not evenly split, since SMTI carries 1.8 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.
PRK vs SMTI: side by side
| PRK (Park National Corporation) | SMTI (Sanara MedTech Inc.) | |
|---|---|---|
| 1-year return | +17.2% | +1.9% |
| 5-year return | +98.6% | -0.3% |
| Volatility (ann.) | 28.2% | 51.5% |
| Beta vs S&P 500 | 0.78 | 1.20 |
| Max drawdown (3Y) | -30.4% | -60.7% |
| Market cap | $3.6B | $0.3B |
| P/E (trailing) | 17.7 | – |
| Dividend yield | 2.18% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRK | SMTI |
|---|---|---|
| 2022 | +6.1% | +54.0% |
| 2023 | -2.0% | -9.7% |
| 2024 | +33.0% | -19.2% |
| 2025 | -8.1% | -29.7% |
| 2026 | +32.6% | +48.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRK and SMTI good diversifiers for each other?
Reasonably. At 0.43, PRK and SMTI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PRK and SMTI?
As of 2026-08-27, the correlation of weekly returns between PRK and SMTI is 0.43 over 3 years, 0.32 over 1 year and 0.34 over 5 years.
Is SMTI a good diversifier for PRK?
Reasonably. At 0.43, PRK and SMTI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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/prk-vs-smti.json
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Related comparisons
Hubs: PRK correlations · SMTI correlations
