Peoples Bancorp Inc/OH (PEBO) — Stock Correlations & Overview
Over the past year, PEBO has moved most closely with QABA, SRCE, KRE. Explore the stocks most correlated and inversely correlated with PEBO below, along with its price, financials, and company profile.
Stocks correlated with PEBO
Correlation of daily returns. Higher positive values move with PEBO; negative values move opposite it. Informational only, not investment advice.
Most correlated with PEBO
| Symbol | Company | Correlation |
|---|---|---|
| QABA | First Trust NASDAQ ABA Community Bank Index Fund | 0.90 |
| SRCE | 1st Source CorpSTATE COMMERCIAL BANKS | 0.89 |
| KRE | State Street SPDR S&P Regional Banking ETF | 0.87 |
| DPST | Direxion Daily Regional Banks Bull 3X ETF | 0.87 |
| NWBI | Northwest Bancshares, IncNATIONAL COMMERCIAL BANKS | 0.86 |
Frequently asked questions about PEBO correlations
- Which stocks are most correlated with PEBO?
- Based on one year of daily returns, the stocks most correlated with Peoples Bancorp Inc/OH (PEBO) are QABA (0.90), SRCE (0.89) and KRE (0.87). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with PEBO?
- Over the past year, the stocks most inversely correlated with Peoples Bancorp Inc/OH (PEBO) are SKRE (-0.88), SDD (-0.57) and SBB (-0.56). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these PEBO correlations calculated?
- We compute the correlation of daily returns between PEBO and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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