AMSF vs BANF: Correlation
Measured on weekly returns over the past three years, AMERISAFE, Inc. (AMSF) and BancFirst Corporation (BANF) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMSF and BANF?
Across a 3-year window, the weekly returns of AMSF and BANF correlate at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 351.4 %².
Few assets follow AMSF as closely as BANF, which ranks #2 of 12 tracked partners. The last year tells two different stories: BANF led by 23.4 percentage points, -39.5% for AMSF against -16.1% for BANF.
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.
AMSF vs BANF: side by side
| AMSF (AMERISAFE, Inc.) | BANF (BancFirst Corporation) | |
|---|---|---|
| 1-year return | -39.5% | -16.1% |
| 5-year return | -29.7% | +116.0% |
| Volatility (ann.) | 24.6% | 28.2% |
| Beta vs S&P 500 | 0.22 | 0.72 |
| Max drawdown (3Y) | -50.2% | -23.6% |
| Market cap | $0.5B | $3.7B |
| P/E (trailing) | 10.5 | 14.9 |
| Dividend yield | 6.09% | 1.75% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMSF | BANF |
|---|---|---|
| 2022 | +6.1% | +27.1% |
| 2023 | -0.9% | +12.4% |
| 2024 | +19.6% | +22.6% |
| 2025 | -20.8% | -8.0% |
| 2026 | -30.2% | +5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMSF and BANF good diversifiers for each other?
Only partially. A correlation of 0.51 means AMSF and BANF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AMSF and BANF?
The AMSF/BANF correlation stands at 0.51 on a 3-year window (1 year: 0.50, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is BANF a good diversifier for AMSF?
Only partially. A correlation of 0.51 means AMSF and BANF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amsf-vs-banf.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: AMSF correlations · BANF correlations
