ABCB vs GHC: Correlation
How closely do Ameris Bancorp (ABCB) and Graham Holdings Company (GHC) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCB and GHC?
Across a 3-year window, the weekly returns of ABCB and GHC correlate at 0.64, strong. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. Stretching to 5 years gives 0.59, with an annualized covariance of 513.5 %².
Within ABCB's tracked universe of 49 assets, GHC comes in at #36 by 3-year correlation. Over the last 12 months ABCB came out ahead by 11.7 percentage points (+16.9% against +5.2%).
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.
ABCB vs GHC: side by side
| ABCB (Ameris Bancorp) | GHC (Graham Holdings Company) | |
|---|---|---|
| 1-year return | +16.9% | +5.2% |
| 5-year return | +86.9% | +94.6% |
| Volatility (ann.) | 29.7% | 26.8% |
| Beta vs S&P 500 | 1.06 | 0.78 |
| Max drawdown (3Y) | -29.5% | -19.8% |
| Market cap | $5.7B | $4.8B |
| P/E (trailing) | 15.5 | 9.2 |
| Dividend yield | 0.93% | 0.63% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABCB | GHC |
|---|---|---|
| 2022 | -3.8% | -3.0% |
| 2023 | +14.3% | +16.6% |
| 2024 | +19.4% | +26.3% |
| 2025 | +20.1% | +27.0% |
| 2026 | +15.5% | +4.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCB and GHC good diversifiers for each other?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ABCB and GHC?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.55 over the last year and 0.59 over 5 years.
Is GHC a good diversifier for ABCB?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.64 mean?
A reading of 0.64 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ABCB correlations · GHC correlations
