ATLO vs LCNB: Correlation
Ames National Corporation (ATLO) and LCNB Corporation (LCNB) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATLO and LCNB?
On 3 years of weekly data the ATLO/LCNB correlation comes out at 0.66, strong. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. The 5-year figure is 0.61, and annualized covariance runs at 517.0 %².
Within ATLO's tracked universe of 11 assets, LCNB comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ATLO outperformed by 36.1 percentage points (+63.5% for ATLO against +27.4% for LCNB).
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.
ATLO vs LCNB: side by side
| ATLO (Ames National Corporation) | LCNB (LCNB Corporation) | |
|---|---|---|
| 1-year return | +63.5% | +27.4% |
| 5-year return | +67.0% | +43.8% |
| Volatility (ann.) | 26.4% | 29.6% |
| Beta vs S&P 500 | 0.51 | 0.49 |
| Max drawdown (3Y) | -25.4% | -23.8% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | 12.1 | 11.2 |
| Dividend yield | 2.81% | 4.59% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATLO | LCNB |
|---|---|---|
| 2022 | +1.0% | -3.4% |
| 2023 | -4.5% | -7.5% |
| 2024 | -19.0% | +1.7% |
| 2025 | +45.7% | +14.7% |
| 2026 | +39.2% | +21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATLO and LCNB good diversifiers for each other?
Only partially. A correlation of 0.66 means ATLO and LCNB 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 ATLO and LCNB?
As of 2026-08-27, the correlation of weekly returns between ATLO and LCNB is 0.66 over 3 years, 0.64 over 1 year and 0.61 over 5 years.
Is LCNB a good diversifier for ATLO?
Only partially. A correlation of 0.66 means ATLO and LCNB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
A reading of 0.66 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/atlo-vs-lcnb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/atlo-vs-lcnb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATLO correlations · LCNB correlations
