BHB vs CZNC: Correlation
Bar Harbor Bankshares, Inc. (BHB) and Citizens & Northern Corp (CZNC) show a strong relationship: their 3-year correlation of weekly returns is 0.79.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHB and CZNC?
On 3 years of weekly data the BHB/CZNC correlation comes out at 0.79, strong. Little has changed lately, as the 1-year reading of 0.75 lands near the 3-year figure. The 5-year figure is 0.75, and annualized covariance runs at 620.3 %².
Within BHB's tracked universe of 21 assets, CZNC comes in at #8 by 3-year correlation. The trailing year gives CZNC the advantage: +26.2% versus +32.5%, a 6.3-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.
BHB vs CZNC: side by side
| BHB (Bar Harbor Bankshares, Inc.) | CZNC (Citizens & Northern Corp) | |
|---|---|---|
| 1-year return | +26.2% | +32.5% |
| 5-year return | +75.3% | +31.8% |
| Volatility (ann.) | 28.3% | 27.6% |
| Beta vs S&P 500 | 0.67 | 0.57 |
| Max drawdown (3Y) | -27.1% | -26.1% |
| Market cap | $0.7B | $0.5B |
| P/E (trailing) | 13.3 | 17.3 |
| Dividend yield | 3.31% | 4.42% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHB | CZNC |
|---|---|---|
| 2022 | +14.8% | -8.4% |
| 2023 | -4.5% | +3.7% |
| 2024 | +8.6% | -12.2% |
| 2025 | +5.7% | +14.9% |
| 2026 | +29.9% | +31.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHB and CZNC good diversifiers for each other?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BHB and CZNC?
As of 2026-08-27, the correlation of weekly returns between BHB and CZNC is 0.79 over 3 years, 0.75 over 1 year and 0.75 over 5 years.
Is CZNC a good diversifier for BHB?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
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/bhb-vs-cznc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bhb-vs-cznc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BHB correlations · CZNC correlations
