CBAN vs CHTR: Correlation
Colony Bankcorp, Inc. (CBAN) and Charter Communications (CHTR) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBAN and CHTR?
On 3 years of weekly data the CBAN/CHTR correlation comes out at 0.49, moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.49 over 3. The 5-year figure is 0.37, and annualized covariance runs at 581.5 %².
Among the 16 assets we track against CBAN, CHTR ranks #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CBAN outperformed by 72.3 percentage points (+27.4% for CBAN against -44.9% for CHTR).
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.
CBAN vs CHTR: side by side
| CBAN (Colony Bankcorp, Inc.) | CHTR (Charter Communications) | |
|---|---|---|
| 1-year return | +27.4% | -44.9% |
| 5-year return | +36.8% | -81.8% |
| Volatility (ann.) | 28.8% | 41.3% |
| Beta vs S&P 500 | 0.83 | 0.74 |
| Max drawdown (3Y) | -20.9% | -72.9% |
| Market cap | $0.5B | $20.0B |
| P/E (trailing) | 12.7 | 4.0 |
| Dividend yield | 2.22% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | CBAN | CHTR |
|---|---|---|
| 2022 | -23.5% | -48.0% |
| 2023 | +9.2% | +14.6% |
| 2024 | +25.7% | -11.8% |
| 2025 | +13.6% | -39.1% |
| 2026 | +21.6% | -28.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBAN and CHTR good diversifiers for each other?
Reasonably. At 0.49, CBAN and CHTR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CBAN and CHTR?
As of 2026-08-27, the correlation of weekly returns between CBAN and CHTR is 0.49 over 3 years, 0.41 over 1 year and 0.37 over 5 years.
Is CHTR a good diversifier for CBAN?
Reasonably. At 0.49, CBAN and CHTR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CBAN correlations · CHTR correlations
