CATY vs ORRF: Correlation
How closely do Cathay General Bancorp (CATY) and Orrstown Financial Services, Inc. (ORRF) trade together? Their weekly returns over three years give a correlation of 0.84, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CATY and ORRF?
Over the past 3 years, CATY and ORRF moved with a correlation of 0.84, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.84 lands near the 3-year figure. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 644.4 %².
By 3-year correlation, ORRF places #12 of the 28 assets tracked against CATY. Their 12-month results are close: +26.7% for CATY against +24.6% for ORRF.
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.
CATY vs ORRF: side by side
| CATY (Cathay General Bancorp) | ORRF (Orrstown Financial Services, Inc.) | |
|---|---|---|
| 1-year return | +26.7% | +24.6% |
| 5-year return | +83.2% | +111.1% |
| Volatility (ann.) | 26.8% | 28.5% |
| Beta vs S&P 500 | 0.82 | 0.84 |
| Max drawdown (3Y) | -29.7% | -35.9% |
| Market cap | $4.1B | $0.8B |
| P/E (trailing) | 12.1 | 9.5 |
| Dividend yield | 2.39% | 2.70% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CATY | ORRF |
|---|---|---|
| 2022 | -2.1% | -5.3% |
| 2023 | +13.5% | +32.3% |
| 2024 | +10.3% | +27.7% |
| 2025 | +4.6% | -0.0% |
| 2026 | +30.2% | +21.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CATY and ORRF good diversifiers for each other?
No. With a correlation of 0.84, CATY and ORRF move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between CATY and ORRF?
Using weekly returns as of 2026-08-27: 0.84 over 3 years, with 0.84 over the last year and 0.73 over 5 years.
Is ORRF a good diversifier for CATY?
No. With a correlation of 0.84, CATY and ORRF move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.84 mean?
On the −1 to +1 scale, 0.84 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/caty-vs-orrf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/caty-vs-orrf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CATY correlations · ORRF correlations
