ALCO vs CZNC: Correlation
How closely do Alico, Inc. (ALCO) and Citizens & Northern Corp (CZNC) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALCO and CZNC?
Over the past 3 years, ALCO and CZNC moved with a correlation of 0.44, which is moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 315.4 %².
In ALCO's tracked universe of 11 assets, CZNC sits right near the top at #3. On 12-month performance CZNC holds a 14.8-point edge, +17.7% against +32.5%.
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 CZNC: side by side
| ALCO (Alico, Inc.) | CZNC (Citizens & Northern Corp) | |
|---|---|---|
| 1-year return | +17.7% | +32.5% |
| 5-year return | +16.5% | +31.8% |
| Volatility (ann.) | 26.2% | 27.6% |
| Beta vs S&P 500 | 0.35 | 0.57 |
| Max drawdown (3Y) | -19.6% | -26.1% |
| Market cap | $0.3B | $0.5B |
| P/E (trailing) | 199.1 | 17.3 |
| Dividend yield | 0.49% | 4.42% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALCO | CZNC |
|---|---|---|
| 2022 | -32.6% | -8.4% |
| 2023 | +22.8% | +3.7% |
| 2024 | -10.2% | -12.2% |
| 2025 | +41.0% | +14.9% |
| 2026 | +9.9% | +31.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALCO and CZNC good diversifiers for each other?
Reasonably. At 0.44, ALCO and CZNC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALCO and CZNC?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.35 over the last year and 0.38 over 5 years.
Is CZNC a good diversifier for ALCO?
Reasonably. At 0.44, ALCO and CZNC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 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/alco-vs-cznc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alco-vs-cznc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALCO correlations · CZNC correlations
