AUBN vs CARE: Correlation
How closely do Auburn National Bancorporation, Inc. (AUBN) and Carter Bankshares, Inc. (CARE) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUBN and CARE?
Over the past 3 years, AUBN and CARE moved with a correlation of 0.28, which is weak. Recent behaviour matches the longer record: 0.33 over 1 year against 0.28 over 3. Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 271.2 %².
By 3-year correlation, CARE places #4 of the 12 assets tracked against AUBN. Their recent paths diverged sharply: over the last 12 months CARE outperformed by 55.6 percentage points (+10.1% for AUBN against +65.7% for CARE).
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.
AUBN vs CARE: side by side
| AUBN (Auburn National Bancorporation, Inc.) | CARE (Carter Bankshares, Inc.) | |
|---|---|---|
| 1-year return | +10.1% | +65.7% |
| 5-year return | -4.9% | +167.6% |
| Volatility (ann.) | 31.8% | 30.7% |
| Beta vs S&P 500 | 0.04 | 0.64 |
| Max drawdown (3Y) | -24.5% | -31.7% |
| Market cap | $0.1B | $0.7B |
| P/E (trailing) | 10.9 | 5.5 |
| Dividend yield | 4.06% | 0.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUBN | CARE |
|---|---|---|
| 2022 | -26.0% | +7.8% |
| 2023 | -2.8% | -9.8% |
| 2024 | +16.3% | +17.5% |
| 2025 | +20.2% | +11.8% |
| 2026 | -0.2% | +64.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUBN and CARE good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AUBN and CARE?
The AUBN/CARE correlation stands at 0.28 on a 3-year window (1 year: 0.33, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is CARE a good diversifier for AUBN?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 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/aubn-vs-care.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aubn-vs-care/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AUBN correlations · CARE correlations
