CARE vs RGS: Correlation
How closely do Carter Bankshares, Inc. (CARE) and Regis Corporation (RGS) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CARE and RGS?
Across a 3-year window, the weekly returns of CARE and RGS correlate at 0.42, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.06 versus 0.42 over 3 years. Stretching to 5 years gives 0.37, with an annualized covariance of 2929.1 %².
By 3-year correlation, RGS places #6 of the 14 assets tracked against CARE. Correlation aside, the last 12 months split them widely, with CARE ahead by 46.0 points (+65.7% versus +19.7%). Note the risk asymmetry: RGS runs 7.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CARE vs RGS: side by side
| CARE (Carter Bankshares, Inc.) | RGS (Regis Corporation) | |
|---|---|---|
| 1-year return | +65.7% | +19.7% |
| 5-year return | +167.6% | -75.3% |
| Volatility (ann.) | 30.7% | 226.7% |
| Beta vs S&P 500 | 0.64 | 0.65 |
| Max drawdown (3Y) | -31.7% | -81.1% |
| Market cap | $0.7B | – |
| P/E (trailing) | 5.5 | 0.6 |
| Dividend yield | 0.32% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CARE | RGS |
|---|---|---|
| 2022 | +7.8% | -29.9% |
| 2023 | -9.8% | -61.3% |
| 2024 | +17.5% | +151.0% |
| 2025 | +11.8% | +17.0% |
| 2026 | +64.1% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CARE and RGS good diversifiers for each other?
Reasonably. At 0.42, CARE and RGS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CARE and RGS?
As of 2026-08-27, the correlation of weekly returns between CARE and RGS is 0.42 over 3 years, -0.06 over 1 year and 0.37 over 5 years.
Is RGS a good diversifier for CARE?
Reasonably. At 0.42, CARE and RGS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/care-vs-rgs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/care-vs-rgs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CARE correlations · RGS correlations
