Preferred Bank (PFBC) — Stock Correlations & Overview
Over the past year, PFBC has moved most closely with PEBO, QABA, NRIM. Explore the stocks most correlated and inversely correlated with PFBC below, along with its price, financials, and company profile.
Stocks correlated with PFBC
Correlation of daily returns. Higher positive values move with PFBC; negative values move opposite it. Informational only, not investment advice.
Most correlated with PFBC
| Symbol | Company | Correlation |
|---|---|---|
| PEBO | Peoples Bancorp Inc/OHSTATE COMMERCIAL BANKS | 0.77 |
| QABA | First Trust NASDAQ ABA Community Bank Index Fund | 0.75 |
| NRIM | Northrim BanCorp IncSAVINGS INSTITUTION, FEDERALLY CHARTERED | 0.75 |
| KRE | State Street SPDR S&P Regional Banking ETF | 0.74 |
| DPST | Direxion Daily Regional Banks Bull 3X ETF | 0.74 |
Frequently asked questions about PFBC correlations
- Which stocks are most correlated with PFBC?
- Based on one year of daily returns, the stocks most correlated with Preferred Bank (PFBC) are PEBO (0.77), QABA (0.75) and NRIM (0.75). 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 PFBC?
- Over the past year, the stocks most inversely correlated with Preferred Bank (PFBC) are SKRE (-0.74), SDD (-0.48) and SBB (-0.47). 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 PFBC correlations calculated?
- We compute the correlation of daily returns between PFBC 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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