ABCB vs HAFC: Correlation
Ameris Bancorp (ABCB) and Hanmi Financial Corporation (HAFC) show a very strong relationship: their 3-year correlation of weekly returns is 0.82.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCB and HAFC?
Across a 3-year window, the weekly returns of ABCB and HAFC correlate at 0.82, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.72 over 1 year against 0.82 over 3. Stretching to 5 years gives 0.80, with an annualized covariance of 789.4 %².
Among the 49 assets we track against ABCB, HAFC ranks #26 by 3-year correlation. The trailing year gives HAFC the advantage: +16.9% versus +27.3%, a 10.4-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.
ABCB vs HAFC: side by side
| ABCB (Ameris Bancorp) | HAFC (Hanmi Financial Corporation) | |
|---|---|---|
| 1-year return | +16.9% | +27.3% |
| 5-year return | +86.9% | +104.5% |
| Volatility (ann.) | 29.7% | 32.5% |
| Beta vs S&P 500 | 1.06 | 0.90 |
| Max drawdown (3Y) | -29.5% | -26.9% |
| Market cap | $5.7B | $0.9B |
| P/E (trailing) | 15.5 | 10.5 |
| Dividend yield | 0.93% | 3.54% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABCB | HAFC |
|---|---|---|
| 2022 | -3.8% | +8.5% |
| 2023 | +14.3% | -17.0% |
| 2024 | +19.4% | +28.7% |
| 2025 | +20.1% | +19.7% |
| 2026 | +15.5% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCB and HAFC good diversifiers for each other?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between ABCB and HAFC?
Using weekly returns as of 2026-08-27: 0.82 over 3 years, with 0.72 over the last year and 0.80 over 5 years.
Is HAFC a good diversifier for ABCB?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.82 mean?
A reading of 0.82 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 · HAFC correlations
