BCML vs CCNE: Correlation
How closely do BayCom Corp (BCML) and CNB Financial Corporation (CCNE) trade together? Their weekly returns over three years give a correlation of 0.78, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCML and CCNE?
On 3 years of weekly data the BCML/CCNE correlation comes out at 0.78, strong. The link has loosened recently: the 1-year correlation (0.58) runs below the 3-year figure (0.78). The 5-year figure is 0.71, and annualized covariance runs at 560.6 %².
In BCML's tracked universe of 14 assets, CCNE sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months CCNE outperformed by 28.1 percentage points (+2.1% for BCML against +30.2% for CCNE).
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.
BCML vs CCNE: side by side
| BCML (BayCom Corp) | CCNE (CNB Financial Corporation) | |
|---|---|---|
| 1-year return | +2.1% | +30.2% |
| 5-year return | +92.9% | +61.1% |
| Volatility (ann.) | 24.7% | 29.0% |
| Beta vs S&P 500 | 0.55 | 0.84 |
| Max drawdown (3Y) | -19.7% | -29.7% |
| Market cap | $0.3B | $1.0B |
| P/E (trailing) | 25.0 | 10.6 |
| Dividend yield | 3.81% | 2.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCML | CCNE |
|---|---|---|
| 2022 | +2.2% | -7.8% |
| 2023 | +26.9% | -1.6% |
| 2024 | +16.0% | +13.6% |
| 2025 | +13.0% | +8.4% |
| 2026 | +4.0% | +31.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCML and CCNE good diversifiers for each other?
Only partially. A correlation of 0.78 means BCML and CCNE 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 BCML and CCNE?
The BCML/CCNE correlation stands at 0.78 on a 3-year window (1 year: 0.58, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is CCNE a good diversifier for BCML?
Only partially. A correlation of 0.78 means BCML and CCNE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.78 mean?
On the −1 to +1 scale, 0.78 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/bcml-vs-ccne.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bcml-vs-ccne/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BCML correlations · CCNE correlations
