BCAL vs ORRF: Correlation
Measured on weekly returns over the past three years, California BanCorp (BCAL) and Orrstown Financial Services, Inc. (ORRF) carry a correlation of 0.72, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCAL and ORRF?
Over the past 3 years, BCAL and ORRF moved with a correlation of 0.72, which is strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 544.5 %².
In BCAL's tracked universe of 13 assets, ORRF sits right near the top at #3. Twelve-month performance is nearly a tie, at +28.0% for BCAL and +24.6% for ORRF.
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.
BCAL vs ORRF: side by side
| BCAL (California BanCorp) | ORRF (Orrstown Financial Services, Inc.) | |
|---|---|---|
| 1-year return | +28.0% | +24.6% |
| 5-year return | +52.2% | +111.1% |
| Volatility (ann.) | 26.5% | 28.5% |
| Beta vs S&P 500 | 0.82 | 0.84 |
| Max drawdown (3Y) | -32.3% | -35.9% |
| Market cap | $0.7B | $0.8B |
| P/E (trailing) | 11.6 | 9.5 |
| Dividend yield | 1.40% | 2.70% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCAL | ORRF |
|---|---|---|
| 2022 | +12.3% | -5.3% |
| 2023 | +3.1% | +32.3% |
| 2024 | -4.7% | +27.7% |
| 2025 | +13.5% | -0.0% |
| 2026 | +15.5% | +21.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCAL and ORRF good diversifiers for each other?
Only partially. A correlation of 0.72 means BCAL and ORRF 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 BCAL and ORRF?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.70 over the last year and 0.55 over 5 years.
Is ORRF a good diversifier for BCAL?
Only partially. A correlation of 0.72 means BCAL and ORRF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.72 mean?
On the −1 to +1 scale, 0.72 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/bcal-vs-orrf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bcal-vs-orrf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BCAL correlations · ORRF correlations
