CALM vs RJF: Correlation
Cal-Maine Foods, Inc. (CALM) and Raymond James Financial (RJF) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CALM and RJF?
Over the past 3 years, CALM and RJF moved with a correlation of 0.31, which is moderate. The past 12 months show a weaker link (0.06) than the 3-year average (0.31). Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 233.1 %².
By 3-year correlation, RJF places #5 of the 11 assets tracked against CALM. The last year tells two different stories: RJF led by 36.0 percentage points, -29.7% for CALM against +6.3% for RJF.
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.
CALM vs RJF: side by side
| CALM (Cal-Maine Foods, Inc.) | RJF (Raymond James Financial) | |
|---|---|---|
| 1-year return | -29.7% | +6.3% |
| 5-year return | +187.0% | +102.1% |
| Volatility (ann.) | 30.5% | 24.8% |
| Beta vs S&P 500 | 0.35 | 1.03 |
| Max drawdown (3Y) | -37.0% | -28.1% |
| Market cap | $3.7B | $33.8B |
| P/E (trailing) | 12.5 | 15.4 |
| Dividend yield | 2.96% | 1.20% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | CALM | RJF |
|---|---|---|
| 2022 | +51.9% | +8.3% |
| 2023 | +14.5% | +6.1% |
| 2024 | +87.0% | +40.8% |
| 2025 | -15.6% | +4.7% |
| 2026 | +1.6% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CALM and RJF good diversifiers for each other?
Reasonably. At 0.31, CALM and RJF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CALM and RJF?
As of 2026-08-27, the correlation of weekly returns between CALM and RJF is 0.31 over 3 years, 0.06 over 1 year and 0.27 over 5 years.
Is RJF a good diversifier for CALM?
Reasonably. At 0.31, CALM and RJF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 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/calm-vs-rjf.json
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[](https://www.pairbook.io/pair/calm-vs-rjf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CALM correlations · RJF correlations
