BANF vs CMT: Correlation
Measured on weekly returns over the past three years, BancFirst Corporation (BANF) and Core Molding Technologies Inc (CMT) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANF and CMT?
Across a 3-year window, the weekly returns of BANF and CMT correlate at 0.47, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.47 over 3. Stretching to 5 years gives 0.29, with an annualized covariance of 538.3 %².
Within BANF's tracked universe of 16 assets, CMT comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CMT outperformed by 46.6 percentage points (-16.1% for BANF against +30.5% for CMT).
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.
BANF vs CMT: side by side
| BANF (BancFirst Corporation) | CMT (Core Molding Technologies Inc) | |
|---|---|---|
| 1-year return | -16.1% | +30.5% |
| 5-year return | +116.0% | +80.4% |
| Volatility (ann.) | 28.2% | 40.3% |
| Beta vs S&P 500 | 0.72 | 0.39 |
| Max drawdown (3Y) | -23.6% | -56.0% |
| Market cap | $3.7B | $0.2B |
| P/E (trailing) | 14.9 | 29.8 |
| Dividend yield | 1.75% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BANF | CMT |
|---|---|---|
| 2022 | +27.1% | +52.6% |
| 2023 | +12.4% | +42.6% |
| 2024 | +22.6% | -10.7% |
| 2025 | -8.0% | +21.2% |
| 2026 | +5.1% | +24.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANF and CMT good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BANF and CMT?
The BANF/CMT correlation stands at 0.47 on a 3-year window (1 year: 0.47, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is CMT a good diversifier for BANF?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/banf-vs-cmt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/banf-vs-cmt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BANF correlations · CMT correlations
