BFST vs CAC: Correlation
Business First Bancshares, Inc. (BFST) and Camden National Corporation (CAC) show a very strong relationship: their 3-year correlation of weekly returns is 0.86.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BFST and CAC?
On 3 years of weekly data the BFST/CAC correlation comes out at 0.86, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.88) sits close to the 3-year figure. The 5-year figure is 0.70, and annualized covariance runs at 739.0 %².
By 3-year correlation, CAC places #4 of the 19 assets tracked against BFST. Correlation aside, the last 12 months split them widely, with CAC ahead by 17.7 points (+25.6% versus +43.3%).
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.
BFST vs CAC: side by side
| BFST (Business First Bancshares, Inc.) | CAC (Camden National Corporation) | |
|---|---|---|
| 1-year return | +25.6% | +43.3% |
| 5-year return | +47.5% | +51.3% |
| Volatility (ann.) | 29.7% | 29.0% |
| Beta vs S&P 500 | 0.82 | 0.87 |
| Max drawdown (3Y) | -27.3% | -26.0% |
| Market cap | $1.0B | $1.0B |
| P/E (trailing) | 11.1 | 10.9 |
| Dividend yield | 1.93% | 2.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BFST | CAC |
|---|---|---|
| 2022 | -20.2% | -10.3% |
| 2023 | +14.4% | -5.0% |
| 2024 | +6.9% | +19.1% |
| 2025 | +4.0% | +5.8% |
| 2026 | +21.3% | +34.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BFST and CAC good diversifiers for each other?
No. With a correlation of 0.86, BFST and CAC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BFST and CAC?
The BFST/CAC correlation stands at 0.86 on a 3-year window (1 year: 0.88, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is CAC a good diversifier for BFST?
No. With a correlation of 0.86, BFST and CAC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.86 mean?
A reading of 0.86 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bfst-vs-cac.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bfst-vs-cac/)
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Related comparisons
Hubs: BFST correlations · CAC correlations
