CAC vs MRBK: Correlation
Measured on weekly returns over the past three years, Camden National Corporation (CAC) and Meridian Corporation (MRBK) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAC and MRBK?
On 3 years of weekly data the CAC/MRBK correlation comes out at 0.60, strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 625.8 %².
Among the 24 assets we track against CAC, MRBK ranks #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CAC outperformed by 16.6 percentage points (+43.3% for CAC against +26.7% for MRBK).
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 MRBK: side by side
| CAC (Camden National Corporation) | MRBK (Meridian Corporation) | |
|---|---|---|
| 1-year return | +43.3% | +26.7% |
| 5-year return | +51.3% | +64.7% |
| Volatility (ann.) | 29.0% | 35.7% |
| Beta vs S&P 500 | 0.87 | 0.96 |
| Max drawdown (3Y) | -26.0% | -39.2% |
| Market cap | $1.0B | $0.2B |
| P/E (trailing) | 10.9 | 10.6 |
| Dividend yield | 2.97% | 2.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CAC | MRBK |
|---|---|---|
| 2022 | -10.3% | -13.3% |
| 2023 | -5.0% | -4.1% |
| 2024 | +19.1% | +3.4% |
| 2025 | +5.8% | +32.7% |
| 2026 | +34.5% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAC and MRBK good diversifiers for each other?
Only partially. A correlation of 0.60 means CAC and MRBK 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 MRBK?
As of 2026-08-27, the correlation of weekly returns between CAC and MRBK is 0.60 over 3 years, 0.70 over 1 year and 0.52 over 5 years.
Is MRBK a good diversifier for CAC?
Only partially. A correlation of 0.60 means CAC and MRBK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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/cac-vs-mrbk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cac-vs-mrbk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CAC correlations · MRBK correlations
