ALHC vs CCB: Correlation
How closely do Alignment Healthcare, Inc. (ALHC) and Coastal Financial Corporation (CCB) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALHC and CCB?
On 3 years of weekly data the ALHC/CCB correlation comes out at 0.39, moderate. The link has tightened recently: the 1-year correlation (0.55) runs above the 3-year figure (0.39). The 5-year figure is 0.31, and annualized covariance runs at 1059.5 %².
CCB is one of the assets that tracks ALHC most closely: it ranks #1 out of the 15 assets we track against ALHC. The last year tells two different stories: ALHC led by 43.0 percentage points, -16.0% for ALHC against -59.0% for CCB.
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.
ALHC vs CCB: side by side
| ALHC (Alignment Healthcare, Inc.) | CCB (Coastal Financial Corporation) | |
|---|---|---|
| 1-year return | -16.0% | -59.0% |
| 5-year return | -25.5% | +59.4% |
| Volatility (ann.) | 59.1% | 45.4% |
| Beta vs S&P 500 | 0.29 | 0.96 |
| Max drawdown (3Y) | -50.3% | -66.5% |
| Market cap | $2.8B | $0.7B |
| P/E (trailing) | 75.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALHC | CCB |
|---|---|---|
| 2022 | -16.4% | -6.1% |
| 2023 | -26.8% | -6.5% |
| 2024 | +30.7% | +91.2% |
| 2025 | +75.6% | +35.0% |
| 2026 | -31.3% | -59.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALHC and CCB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALHC and CCB?
The ALHC/CCB correlation stands at 0.39 on a 3-year window (1 year: 0.55, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is CCB a good diversifier for ALHC?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: ALHC correlations · CCB correlations
