CAC vs THFF: Correlation
Camden National Corporation (CAC) and First Financial Corporation (THFF) show a very strong relationship: their 3-year correlation of weekly returns is 0.87.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAC and THFF?
On 3 years of weekly data the CAC/THFF correlation comes out at 0.87, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.92 over 1 year against 0.87 over 3. The 5-year figure is 0.79, and annualized covariance runs at 715.0 %².
By 3-year correlation, THFF places #6 of the 24 assets tracked against CAC. Neither side won the trailing year by much: +43.3% against +38.8%.
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 THFF: side by side
| CAC (Camden National Corporation) | THFF (First Financial Corporation) | |
|---|---|---|
| 1-year return | +43.3% | +38.8% |
| 5-year return | +51.3% | +135.2% |
| Volatility (ann.) | 29.0% | 28.2% |
| Beta vs S&P 500 | 0.87 | 0.81 |
| Max drawdown (3Y) | -26.0% | -20.2% |
| Market cap | $1.0B | $0.9B |
| P/E (trailing) | 10.9 | 11.1 |
| Dividend yield | 2.97% | 2.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CAC | THFF |
|---|---|---|
| 2022 | -10.3% | +4.4% |
| 2023 | -5.0% | -2.6% |
| 2024 | +19.1% | +11.1% |
| 2025 | +5.8% | +36.2% |
| 2026 | +34.5% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAC and THFF good diversifiers for each other?
No. With a correlation of 0.87, CAC and THFF move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between CAC and THFF?
As of 2026-08-27, the correlation of weekly returns between CAC and THFF is 0.87 over 3 years, 0.92 over 1 year and 0.79 over 5 years.
Is THFF a good diversifier for CAC?
No. With a correlation of 0.87, CAC and THFF move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.87 mean?
On the −1 to +1 scale, 0.87 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-thff.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cac-vs-thff/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CAC correlations · THFF correlations
