CBAN vs EBMT: Correlation
Measured on weekly returns over the past three years, Colony Bankcorp, Inc. (CBAN) and Eagle Bancorp Montana, Inc. (EBMT) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBAN and EBMT?
Across a 3-year window, the weekly returns of CBAN and EBMT correlate at 0.69, strong. Recent behaviour matches the longer record: 0.74 over 1 year against 0.69 over 3. Stretching to 5 years gives 0.55, with an annualized covariance of 503.1 %².
Among the 16 assets we track against CBAN, EBMT ranks #6 by 3-year correlation. Their 12-month results are close: +27.4% for CBAN against +32.2% for EBMT.
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 EBMT: side by side
| CBAN (Colony Bankcorp, Inc.) | EBMT (Eagle Bancorp Montana, Inc.) | |
|---|---|---|
| 1-year return | +27.4% | +32.2% |
| 5-year return | +36.8% | +21.5% |
| Volatility (ann.) | 28.8% | 25.2% |
| Beta vs S&P 500 | 0.83 | 0.51 |
| Max drawdown (3Y) | -20.9% | -22.2% |
| Market cap | $0.5B | $0.2B |
| P/E (trailing) | 12.7 | 11.0 |
| Dividend yield | 2.22% | 2.56% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBAN | EBMT |
|---|---|---|
| 2022 | -23.5% | -27.8% |
| 2023 | +9.2% | +1.9% |
| 2024 | +25.7% | +1.1% |
| 2025 | +13.6% | +34.4% |
| 2026 | +21.6% | +14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBAN and EBMT good diversifiers for each other?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CBAN and EBMT?
As of 2026-08-27, the correlation of weekly returns between CBAN and EBMT is 0.69 over 3 years, 0.74 over 1 year and 0.55 over 5 years.
Is EBMT a good diversifier for CBAN?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.69 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cban-vs-ebmt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cban-vs-ebmt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CBAN correlations · EBMT correlations
