CAC vs FRST: Correlation
How closely do Camden National Corporation (CAC) and Primis Financial Corp. (FRST) trade together? Their weekly returns over three years give a correlation of 0.78, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAC and FRST?
Over the past 3 years, CAC and FRST moved with a correlation of 0.78, which is strong. The relationship has been stable: the 1-year correlation (0.75) sits close to the 3-year figure. Over 5 years the correlation is 0.72, and the annualized covariance of weekly returns is 750.8 %².
By 3-year correlation, FRST places #10 of the 24 assets tracked against CAC. Their 12-month results are close: +43.3% for CAC against +46.2% for FRST.
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.
CAC vs FRST: side by side
| CAC (Camden National Corporation) | FRST (Primis Financial Corp.) | |
|---|---|---|
| 1-year return | +43.3% | +46.2% |
| 5-year return | +51.3% | +26.9% |
| Volatility (ann.) | 29.0% | 33.3% |
| Beta vs S&P 500 | 0.87 | 0.88 |
| Max drawdown (3Y) | -26.0% | -39.3% |
| Market cap | $1.0B | $0.4B |
| P/E (trailing) | 10.9 | 7.4 |
| Dividend yield | 2.97% | 2.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CAC | FRST |
|---|---|---|
| 2022 | -10.3% | -18.8% |
| 2023 | -5.0% | +11.5% |
| 2024 | +19.1% | -4.7% |
| 2025 | +5.8% | +23.9% |
| 2026 | +34.5% | +16.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAC and FRST good diversifiers for each other?
Only partially. A correlation of 0.78 means CAC and FRST 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 CAC and FRST?
As of 2026-08-27, the correlation of weekly returns between CAC and FRST is 0.78 over 3 years, 0.75 over 1 year and 0.72 over 5 years.
Is FRST a good diversifier for CAC?
Only partially. A correlation of 0.78 means CAC and FRST share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.78 mean?
A reading of 0.78 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cac-vs-frst.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: CAC correlations · FRST correlations
