BRN vs MCB: Correlation
How closely do Barnwell Industries, Inc. (BRN) and Metropolitan Bank Holding Corp. (MCB) trade together? Their weekly returns over three years give a correlation of -0.15, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRN and MCB?
On 3 years of weekly data the BRN/MCB correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.40) runs below the 3-year figure (-0.15). The 5-year figure is -0.06, and annualized covariance runs at -352.7 %².
By 3-year correlation, MCB places #11 of the 35 assets tracked against BRN. Correlation aside, the last 12 months split them widely, with MCB ahead by 36.6 points (-19.1% versus +17.5%).
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.
BRN vs MCB: side by side
| BRN (Barnwell Industries, Inc.) | MCB (Metropolitan Bank Holding Corp.) | |
|---|---|---|
| 1-year return | -19.1% | +17.5% |
| 5-year return | -58.9% | +20.3% |
| Volatility (ann.) | 53.1% | 43.5% |
| Beta vs S&P 500 | -0.22 | 0.94 |
| Max drawdown (3Y) | -68.5% | -42.3% |
| Market cap | – | $1.1B |
| P/E (trailing) | – | 11.7 |
| Dividend yield | 0.00% | 0.82% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRN | MCB |
|---|---|---|
| 2022 | +2.8% | -44.9% |
| 2023 | -16.5% | -5.6% |
| 2024 | -37.9% | +5.5% |
| 2025 | -26.5% | +31.3% |
| 2026 | -14.0% | +21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRN and MCB good diversifiers for each other?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BRN and MCB?
The BRN/MCB correlation stands at -0.15 on a 3-year window (1 year: -0.40, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is MCB a good diversifier for BRN?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.15 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/brn-vs-mcb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/brn-vs-mcb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRN correlations · MCB correlations
