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BCML vs TRC: Correlation

How closely do BayCom Corp (BCML) and Tejon Ranch Co (TRC) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.54
moderate
Correlation (1Y)
0.44
last 12 months
Correlation (5Y)
0.44
long-run
Ann. covariance
313.4
%² · weekly, annualized

How correlated are BCML and TRC?

Over the past 3 years, BCML and TRC moved with a correlation of 0.54, which is moderate. The link has loosened recently: the 1-year correlation (0.44) runs below the 3-year figure (0.54). Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 313.4 %².

Among the 14 assets we track against BCML, TRC ranks #6 by 3-year correlation. Over the last 12 months BCML came out ahead by 9.2 percentage points (+2.1% against -7.1%).

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 TRC: side by side

BCML (BayCom Corp)TRC (Tejon Ranch Co)
1-year return+2.1%-7.1%
5-year return+92.9%-15.6%
Volatility (ann.)24.7%23.7%
Beta vs S&P 5000.550.44
Max drawdown (3Y)-19.7%-24.3%
Market cap$0.3B$0.4B
P/E (trailing)25.073.4
Dividend yield3.81%0.00%
Sector / categoryUS ListedUS Listed
Lower P/E: BCML 25.0 vs 73.4Higher yield: BCML 3.81% vs 0.00%Smaller drawdown: BCML -19.7% vs -24.3%Higher 5y return: BCML +92.9% vs -15.6%
-8%0%+21%2025-09-052026-08-27
Both assets over the last year, indexed to 100 at the starting week. BCML · TRC

Year-by-year returns

YearBCMLTRC
2022+2.2%-1.3%
2023+26.9%-8.7%
2024+16.0%-7.6%
2025+13.0%-0.8%
2026+4.0%+2.3%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are BCML and TRC good diversifiers for each other?

Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.

FAQ

What is the correlation between BCML and TRC?

As of 2026-08-27, the correlation of weekly returns between BCML and TRC is 0.54 over 3 years, 0.44 over 1 year and 0.44 over 5 years.

Is TRC a good diversifier for BCML?

Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.

What does a correlation of 0.54 mean?

On the −1 to +1 scale, 0.54 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.

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BCML vs TRC: 3-year weekly correlation 0.54BCML vs TRC0.54

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Related comparisons

Hubs: BCML correlations · TRC correlations