CARE vs WYY: Correlation
Measured on weekly returns over the past three years, Carter Bankshares, Inc. (CARE) and WidePoint Corporation (WYY) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CARE and WYY?
On 3 years of weekly data the CARE/WYY correlation comes out at 0.35, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.18 versus 0.35 over 3 years. The 5-year figure is 0.31, and annualized covariance runs at 875.2 %².
By 3-year correlation, WYY places #8 of the 14 assets tracked against CARE. The last year tells two different stories: WYY led by 51.4 percentage points, +65.7% for CARE against +117.1% for WYY. Risk is not evenly split, since WYY carries 2.6 times the volatility of the other side.
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 WYY: side by side
| CARE (Carter Bankshares, Inc.) | WYY (WidePoint Corporation) | |
|---|---|---|
| 1-year return | +65.7% | +117.1% |
| 5-year return | +167.6% | +85.8% |
| Volatility (ann.) | 30.7% | 81.3% |
| Beta vs S&P 500 | 0.64 | 1.48 |
| Max drawdown (3Y) | -31.7% | -57.0% |
| Market cap | $0.7B | $0.1B |
| P/E (trailing) | 5.5 | – |
| Dividend yield | 0.32% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CARE | WYY |
|---|---|---|
| 2022 | +7.8% | -53.7% |
| 2023 | -9.8% | +27.5% |
| 2024 | +17.5% | +108.6% |
| 2025 | +11.8% | +11.0% |
| 2026 | +64.1% | +89.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CARE and WYY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CARE and WYY?
The CARE/WYY correlation stands at 0.35 on a 3-year window (1 year: 0.18, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is WYY a good diversifier for CARE?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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-wyy.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/care-vs-wyy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CARE correlations · WYY correlations
