ABCB vs OCFC: Correlation
How closely do Ameris Bancorp (ABCB) and OceanFirst Financial Corp. (OCFC) trade together? Their weekly returns over three years give a correlation of 0.85, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCB and OCFC?
On 3 years of weekly data the ABCB/OCFC correlation comes out at 0.85, very strong, meaning they move nearly in lockstep. Lately the two have drifted apart, with the 1-year correlation at 0.74 versus 0.85 over 3 years. The 5-year figure is 0.83, and annualized covariance runs at 804.3 %².
Within ABCB's tracked universe of 49 assets, OCFC comes in at #20 by 3-year correlation. On 12-month performance ABCB holds a 10.5-point edge, +16.9% against +6.4%.
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 OCFC: side by side
| ABCB (Ameris Bancorp) | OCFC (OceanFirst Financial Corp.) | |
|---|---|---|
| 1-year return | +16.9% | +6.4% |
| 5-year return | +86.9% | +10.9% |
| Volatility (ann.) | 29.7% | 31.8% |
| Beta vs S&P 500 | 1.06 | 1.04 |
| Max drawdown (3Y) | -29.5% | -29.8% |
| Market cap | $5.7B | $1.8B |
| P/E (trailing) | 15.5 | 23.6 |
| Dividend yield | 0.93% | 4.21% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABCB | OCFC |
|---|---|---|
| 2022 | -3.8% | -0.9% |
| 2023 | +14.3% | -14.2% |
| 2024 | +19.4% | +9.4% |
| 2025 | +20.1% | +3.9% |
| 2026 | +15.5% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCB and OCFC good diversifiers for each other?
No. With a correlation of 0.85, ABCB and OCFC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between ABCB and OCFC?
As of 2026-08-27, the correlation of weekly returns between ABCB and OCFC is 0.85 over 3 years, 0.74 over 1 year and 0.83 over 5 years.
Is OCFC a good diversifier for ABCB?
No. With a correlation of 0.85, ABCB and OCFC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.85 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-ocfc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abcb-vs-ocfc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABCB correlations · OCFC correlations
