BFST vs CZNC: Correlation
Measured on weekly returns over the past three years, Business First Bancshares, Inc. (BFST) and Citizens & Northern Corp (CZNC) carry a correlation of 0.79, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BFST and CZNC?
Across a 3-year window, the weekly returns of BFST and CZNC correlate at 0.79, strong. Little has changed lately, as the 1-year reading of 0.75 lands near the 3-year figure. Stretching to 5 years gives 0.67, with an annualized covariance of 647.5 %².
Among the 19 assets we track against BFST, CZNC ranks #8 by 3-year correlation. The trailing year gives CZNC the advantage: +25.6% versus +32.5%, a 6.9-point spread.
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 CZNC: side by side
| BFST (Business First Bancshares, Inc.) | CZNC (Citizens & Northern Corp) | |
|---|---|---|
| 1-year return | +25.6% | +32.5% |
| 5-year return | +47.5% | +31.8% |
| Volatility (ann.) | 29.7% | 27.6% |
| Beta vs S&P 500 | 0.82 | 0.57 |
| Max drawdown (3Y) | -27.3% | -26.1% |
| Market cap | $1.0B | $0.5B |
| P/E (trailing) | 11.1 | 17.3 |
| Dividend yield | 1.93% | 4.42% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BFST | CZNC |
|---|---|---|
| 2022 | -20.2% | -8.4% |
| 2023 | +14.4% | +3.7% |
| 2024 | +6.9% | -12.2% |
| 2025 | +4.0% | +14.9% |
| 2026 | +21.3% | +31.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BFST and CZNC good diversifiers for each other?
To a limited degree. At 0.79 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BFST and CZNC?
As of 2026-08-27, the correlation of weekly returns between BFST and CZNC is 0.79 over 3 years, 0.75 over 1 year and 0.67 over 5 years.
Is CZNC a good diversifier for BFST?
To a limited degree. At 0.79 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.79 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bfst-vs-cznc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bfst-vs-cznc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BFST correlations · CZNC correlations
