BSET vs CAC: Correlation
Bassett Furniture Industries, Incorporated (BSET) and Camden National Corporation (CAC) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSET and CAC?
On 3 years of weekly data the BSET/CAC correlation comes out at 0.36, moderate. Recent behaviour matches the longer record: 0.26 over 1 year against 0.36 over 3. The 5-year figure is 0.31, and annualized covariance runs at 362.0 %².
CAC is one of the assets that tracks BSET most closely: it ranks #1 out of the 10 assets we track against BSET. Correlation aside, the last 12 months split them widely, with CAC ahead by 24.6 points (+18.7% versus +43.3%).
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.
BSET vs CAC: side by side
| BSET (Bassett Furniture Industries, Incorporated) | CAC (Camden National Corporation) | |
|---|---|---|
| 1-year return | +18.7% | +43.3% |
| 5-year return | +17.6% | +51.3% |
| Volatility (ann.) | 34.7% | 29.0% |
| Beta vs S&P 500 | 0.46 | 0.87 |
| Max drawdown (3Y) | -28.8% | -26.0% |
| Market cap | $0.2B | $1.0B |
| P/E (trailing) | 29.9 | 10.9 |
| Dividend yield | 4.21% | 2.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BSET | CAC |
|---|---|---|
| 2022 | +15.6% | -10.3% |
| 2023 | -0.4% | -5.0% |
| 2024 | -12.1% | +19.1% |
| 2025 | +27.5% | +5.8% |
| 2026 | +16.7% | +34.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSET and CAC good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BSET and CAC?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.26 over the last year and 0.31 over 5 years.
Is CAC a good diversifier for BSET?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/bset-vs-cac.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bset-vs-cac/)
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Related comparisons
Hubs: BSET correlations · CAC correlations
