ALCO vs BFC: Correlation
Alico, Inc. (ALCO) and Bank First Corporation (BFC) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALCO and BFC?
On 3 years of weekly data the ALCO/BFC correlation comes out at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 312.9 %².
BFC is one of the assets that tracks ALCO most closely: it ranks #2 out of the 11 assets we track against ALCO. Neither side won the trailing year by much: +17.7% against +18.4%.
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.
ALCO vs BFC: side by side
| ALCO (Alico, Inc.) | BFC (Bank First Corporation) | |
|---|---|---|
| 1-year return | +17.7% | +18.4% |
| 5-year return | +16.5% | +139.3% |
| Volatility (ann.) | 26.2% | 26.7% |
| Beta vs S&P 500 | 0.35 | 0.70 |
| Max drawdown (3Y) | -19.6% | -15.7% |
| Market cap | $0.3B | $1.7B |
| P/E (trailing) | 199.1 | 20.0 |
| Dividend yield | 0.49% | 1.27% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALCO | BFC |
|---|---|---|
| 2022 | -32.6% | +30.0% |
| 2023 | +22.8% | -5.3% |
| 2024 | -10.2% | +16.4% |
| 2025 | +41.0% | +28.7% |
| 2026 | +9.9% | +25.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALCO and BFC good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ALCO and BFC?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.36 over the last year and 0.39 over 5 years.
Is BFC a good diversifier for ALCO?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 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.
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Related comparisons
Hubs: ALCO correlations · BFC correlations
