CBAN vs FCF: Correlation
Colony Bankcorp, Inc. (CBAN) and First Commonwealth Financial Corporation (FCF) show a very strong relationship: their 3-year correlation of weekly returns is 0.85.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBAN and FCF?
Over the past 3 years, CBAN and FCF moved with a correlation of 0.85, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.79 lands near the 3-year figure. Over 5 years the correlation is 0.74, and the annualized covariance of weekly returns is 654.9 %².
Among the 16 assets we track against CBAN, FCF ranks #4 by 3-year correlation. On 12-month performance CBAN holds a 7.1-point edge, +27.4% against +20.3%.
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 FCF: side by side
| CBAN (Colony Bankcorp, Inc.) | FCF (First Commonwealth Financial Corporation) | |
|---|---|---|
| 1-year return | +27.4% | +20.3% |
| 5-year return | +36.8% | +83.7% |
| Volatility (ann.) | 28.8% | 26.9% |
| Beta vs S&P 500 | 0.83 | 0.72 |
| Max drawdown (3Y) | -20.9% | -26.9% |
| Market cap | $0.5B | $2.1B |
| P/E (trailing) | 12.7 | 12.7 |
| Dividend yield | 2.22% | 2.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBAN | FCF |
|---|---|---|
| 2022 | -23.5% | -10.3% |
| 2023 | +9.2% | +14.8% |
| 2024 | +25.7% | +13.4% |
| 2025 | +13.6% | +3.0% |
| 2026 | +21.6% | +26.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBAN and FCF good diversifiers for each other?
No. With a correlation of 0.85, CBAN and FCF move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between CBAN and FCF?
Using weekly returns as of 2026-08-27: 0.85 over 3 years, with 0.79 over the last year and 0.74 over 5 years.
Is FCF a good diversifier for CBAN?
No. With a correlation of 0.85, CBAN and FCF move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.85 mean?
On the −1 to +1 scale, 0.85 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: CBAN correlations · FCF correlations
