PROV vs RMBI: Correlation
Provident Financial Holdings, Inc. (PROV) and Richmond Mutual Bancorporation, Inc. (RMBI) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PROV and RMBI?
On 3 years of weekly data the PROV/RMBI correlation comes out at 0.37, moderate. The past 12 months show a weaker link (0.20) than the 3-year average (0.37). The 5-year figure is 0.30, and annualized covariance runs at 159.4 %².
In PROV's tracked universe of 10 assets, RMBI sits right near the top at #2. The trailing year gives PROV the advantage: +23.3% versus +14.6%, a 8.7-point spread.
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.
PROV vs RMBI: side by side
| PROV (Provident Financial Holdings, Inc.) | RMBI (Richmond Mutual Bancorporation, Inc.) | |
|---|---|---|
| 1-year return | +23.3% | +14.6% |
| 5-year return | +30.9% | +24.6% |
| Volatility (ann.) | 17.1% | 25.3% |
| Beta vs S&P 500 | 0.24 | 0.34 |
| Max drawdown (3Y) | -19.5% | -20.8% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | 17.8 | 13.1 |
| Dividend yield | 3.05% | 3.78% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PROV | RMBI |
|---|---|---|
| 2022 | -13.5% | -16.7% |
| 2023 | -4.3% | -7.2% |
| 2024 | +31.4% | +28.6% |
| 2025 | +3.7% | +3.7% |
| 2026 | +18.0% | +16.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PROV and RMBI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PROV and RMBI?
The PROV/RMBI correlation stands at 0.37 on a 3-year window (1 year: 0.20, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is RMBI a good diversifier for PROV?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/prov-vs-rmbi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/prov-vs-rmbi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PROV correlations · RMBI correlations
