BFST vs MXC: Correlation
How closely do Business First Bancshares, Inc. (BFST) and Mexco Energy Corporation (MXC) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BFST and MXC?
Across a 3-year window, the weekly returns of BFST and MXC correlate at -0.19, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. Stretching to 5 years gives -0.06, with an annualized covariance of -352.4 %².
Out of 19 assets tracked against BFST, MXC lands near the bottom at #17. Their 12-month results are close: +25.6% for BFST against +21.6% for MXC. One caveat on sizing: MXC is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 MXC: side by side
| BFST (Business First Bancshares, Inc.) | MXC (Mexco Energy Corporation) | |
|---|---|---|
| 1-year return | +25.6% | +21.6% |
| 5-year return | +47.5% | +7.2% |
| Volatility (ann.) | 29.7% | 62.1% |
| Beta vs S&P 500 | 0.82 | -0.31 |
| Max drawdown (3Y) | -27.3% | -60.6% |
| Market cap | $1.0B | – |
| P/E (trailing) | 11.1 | 13.0 |
| Dividend yield | 1.93% | 1.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BFST | MXC |
|---|---|---|
| 2022 | -20.2% | +33.0% |
| 2023 | +14.4% | -26.2% |
| 2024 | +6.9% | +24.6% |
| 2025 | +4.0% | -10.8% |
| 2026 | +21.3% | -0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BFST and MXC good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BFST and MXC?
As of 2026-08-27, the correlation of weekly returns between BFST and MXC is -0.19 over 3 years, -0.21 over 1 year and -0.06 over 5 years.
Is MXC a good diversifier for BFST?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/bfst-vs-mxc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bfst-vs-mxc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BFST correlations · MXC correlations
