CASS vs CBAN: Correlation
Measured on weekly returns over the past three years, Cass Information Systems, Inc (CASS) and Colony Bankcorp, Inc. (CBAN) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CASS and CBAN?
Over the past 3 years, CASS and CBAN moved with a correlation of 0.62, which is strong. Recent behaviour matches the longer record: 0.59 over 1 year against 0.62 over 3. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 414.6 %².
Among the 10 assets we track against CASS, CBAN ranks #4 by 3-year correlation. Over the last 12 months CASS came out ahead by 8.7 percentage points (+36.1% against +27.4%).
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.
CASS vs CBAN: side by side
| CASS (Cass Information Systems, Inc) | CBAN (Colony Bankcorp, Inc.) | |
|---|---|---|
| 1-year return | +36.1% | +27.4% |
| 5-year return | +45.6% | +36.8% |
| Volatility (ann.) | 23.2% | 28.8% |
| Beta vs S&P 500 | 0.66 | 0.83 |
| Max drawdown (3Y) | -20.5% | -20.9% |
| Market cap | $0.7B | $0.5B |
| P/E (trailing) | 20.7 | 12.7 |
| Dividend yield | 2.23% | 2.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CASS | CBAN |
|---|---|---|
| 2022 | +20.0% | -23.5% |
| 2023 | +1.1% | +9.2% |
| 2024 | -6.7% | +25.7% |
| 2025 | +4.5% | +13.6% |
| 2026 | +38.8% | +21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CASS and CBAN good diversifiers for each other?
Only partially. A correlation of 0.62 means CASS and CBAN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CASS and CBAN?
The CASS/CBAN correlation stands at 0.62 on a 3-year window (1 year: 0.59, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is CBAN a good diversifier for CASS?
Only partially. A correlation of 0.62 means CASS and CBAN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
On the −1 to +1 scale, 0.62 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.
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Related comparisons
Hubs: CASS correlations · CBAN correlations
