CAC vs TSBK: Correlation
Measured on weekly returns over the past three years, Camden National Corporation (CAC) and Timberland Bancorp, Inc. (TSBK) carry a correlation of 0.76, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAC and TSBK?
Across a 3-year window, the weekly returns of CAC and TSBK correlate at 0.76, strong. Recent behaviour matches the longer record: 0.72 over 1 year against 0.76 over 3. Stretching to 5 years gives 0.67, with an annualized covariance of 564.8 %².
By 3-year correlation, TSBK places #11 of the 24 assets tracked against CAC. Neither side won the trailing year by much: +43.3% against +42.7%.
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 TSBK: side by side
| CAC (Camden National Corporation) | TSBK (Timberland Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +43.3% | +42.7% |
| 5-year return | +51.3% | +87.7% |
| Volatility (ann.) | 29.0% | 25.5% |
| Beta vs S&P 500 | 0.87 | 0.58 |
| Max drawdown (3Y) | -26.0% | -22.9% |
| Market cap | $1.0B | $0.4B |
| P/E (trailing) | 10.9 | 11.6 |
| Dividend yield | 2.97% | 2.43% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CAC | TSBK |
|---|---|---|
| 2022 | -10.3% | +27.5% |
| 2023 | -5.0% | -4.8% |
| 2024 | +19.1% | +0.4% |
| 2025 | +5.8% | +21.3% |
| 2026 | +34.5% | +31.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAC and TSBK good diversifiers for each other?
To a limited degree. At 0.76 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CAC and TSBK?
As of 2026-08-27, the correlation of weekly returns between CAC and TSBK is 0.76 over 3 years, 0.72 over 1 year and 0.67 over 5 years.
Is TSBK a good diversifier for CAC?
To a limited degree. At 0.76 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.76 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/cac-vs-tsbk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cac-vs-tsbk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CAC correlations · TSBK correlations
