ABCB vs MCHB: Correlation
Ameris Bancorp (ABCB) and Mechanics Bancorp (MCHB) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCB and MCHB?
Across a 3-year window, the weekly returns of ABCB and MCHB correlate at 0.54, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.54 over 3. Stretching to 5 years gives 0.53, with an annualized covariance of 1028.7 %².
Within ABCB's tracked universe of 49 assets, MCHB comes in at #38 by 3-year correlation. On 12-month performance MCHB holds a 9.1-point edge, +16.9% against +26.0%. Note the risk asymmetry: MCHB runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 MCHB: side by side
| ABCB (Ameris Bancorp) | MCHB (Mechanics Bancorp) | |
|---|---|---|
| 1-year return | +16.9% | +26.0% |
| 5-year return | +86.9% | -51.9% |
| Volatility (ann.) | 29.7% | 63.9% |
| Beta vs S&P 500 | 1.06 | 1.12 |
| Max drawdown (3Y) | -29.5% | -56.1% |
| Market cap | $5.7B | $3.6B |
| P/E (trailing) | 15.5 | 12.3 |
| Dividend yield | 0.93% | 8.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABCB | MCHB |
|---|---|---|
| 2022 | -3.8% | -44.8% |
| 2023 | +14.3% | -60.6% |
| 2024 | +19.4% | +10.9% |
| 2025 | +20.1% | +29.9% |
| 2026 | +15.5% | +18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCB and MCHB good diversifiers for each other?
To a limited degree. At 0.54 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 MCHB?
As of 2026-08-27, the correlation of weekly returns between ABCB and MCHB is 0.54 over 3 years, 0.49 over 1 year and 0.53 over 5 years.
Is MCHB a good diversifier for ABCB?
To a limited degree. At 0.54 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 0.54 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abcb-vs-mchb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abcb-vs-mchb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABCB correlations · MCHB correlations
