BPRN vs SHBI: Correlation
Princeton Bancorp, Inc. (BPRN) and Shore Bancshares, Inc. (SHBI) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BPRN and SHBI?
Over the past 3 years, BPRN and SHBI moved with a correlation of 0.68, which is strong. The relationship has been stable: the 1-year correlation (0.60) sits close to the 3-year figure. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 611.8 %².
Among the 11 assets we track against BPRN, SHBI ranks #4 by 3-year correlation. Over the last 12 months SHBI came out ahead by 8.6 percentage points (+29.1% against +37.7%).
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.
BPRN vs SHBI: side by side
| BPRN (Princeton Bancorp, Inc.) | SHBI (Shore Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +29.1% | +37.7% |
| 5-year return | +66.1% | +51.7% |
| Volatility (ann.) | 27.6% | 32.6% |
| Beta vs S&P 500 | 0.75 | 0.89 |
| Max drawdown (3Y) | -28.2% | -31.9% |
| Market cap | $0.3B | $0.8B |
| P/E (trailing) | 11.2 | 11.7 |
| Dividend yield | 3.19% | 2.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BPRN | SHBI |
|---|---|---|
| 2022 | +11.8% | -14.4% |
| 2023 | +17.7% | -15.1% |
| 2024 | -0.6% | +15.6% |
| 2025 | +4.8% | +15.0% |
| 2026 | +25.1% | +32.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BPRN and SHBI good diversifiers for each other?
Only partially. A correlation of 0.68 means BPRN and SHBI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BPRN and SHBI?
The BPRN/SHBI correlation stands at 0.68 on a 3-year window (1 year: 0.60, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is SHBI a good diversifier for BPRN?
Only partially. A correlation of 0.68 means BPRN and SHBI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 mean?
On the −1 to +1 scale, 0.68 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.
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Hubs: BPRN correlations · SHBI correlations
