BOTJ vs CBAN: Correlation
Bank of the James Financial Group, Inc. (BOTJ) and Colony Bankcorp, Inc. (CBAN) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOTJ and CBAN?
On 3 years of weekly data the BOTJ/CBAN correlation comes out at 0.40, moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. The 5-year figure is 0.32, and annualized covariance runs at 294.7 %².
CBAN is one of the assets that tracks BOTJ most closely: it ranks #3 out of the 16 assets we track against BOTJ. Their recent paths diverged sharply: over the last 12 months BOTJ outperformed by 51.1 percentage points (+78.5% for BOTJ against +27.4% for CBAN).
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.
BOTJ vs CBAN: side by side
| BOTJ (Bank of the James Financial Group, Inc.) | CBAN (Colony Bankcorp, Inc.) | |
|---|---|---|
| 1-year return | +78.5% | +27.4% |
| 5-year return | +119.5% | +36.8% |
| Volatility (ann.) | 25.5% | 28.8% |
| Beta vs S&P 500 | 0.22 | 0.83 |
| Max drawdown (3Y) | -27.8% | -20.9% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | 10.6 | 12.7 |
| Dividend yield | 1.50% | 2.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOTJ | CBAN |
|---|---|---|
| 2022 | -21.2% | -23.5% |
| 2023 | +5.8% | +9.2% |
| 2024 | +34.1% | +25.7% |
| 2025 | +20.3% | +13.6% |
| 2026 | +46.4% | +21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOTJ and CBAN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BOTJ and CBAN?
As of 2026-08-27, the correlation of weekly returns between BOTJ and CBAN is 0.40 over 3 years, 0.37 over 1 year and 0.32 over 5 years.
Is CBAN a good diversifier for BOTJ?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 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
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[](https://www.pairbook.io/pair/botj-vs-cban/)
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Related comparisons
Hubs: BOTJ correlations · CBAN correlations
