CBAN vs PBFS: Correlation
Colony Bankcorp, Inc. (CBAN) and Pioneer Bancorp, Inc. (PBFS) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBAN and PBFS?
Across a 3-year window, the weekly returns of CBAN and PBFS correlate at 0.50, moderate. Recent behaviour matches the longer record: 0.57 over 1 year against 0.50 over 3. Stretching to 5 years gives 0.42, with an annualized covariance of 321.6 %².
By 3-year correlation, PBFS places #8 of the 16 assets tracked against CBAN. On 12-month performance PBFS holds a 10.9-point edge, +27.4% against +38.3%.
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 PBFS: side by side
| CBAN (Colony Bankcorp, Inc.) | PBFS (Pioneer Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +27.4% | +38.3% |
| 5-year return | +36.8% | +44.7% |
| Volatility (ann.) | 28.8% | 22.2% |
| Beta vs S&P 500 | 0.83 | 0.37 |
| Max drawdown (3Y) | -20.9% | -19.3% |
| Market cap | $0.5B | $0.4B |
| P/E (trailing) | 12.7 | 25.3 |
| Dividend yield | 2.22% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBAN | PBFS |
|---|---|---|
| 2022 | -23.5% | +0.7% |
| 2023 | +9.2% | -12.2% |
| 2024 | +25.7% | +15.1% |
| 2025 | +13.6% | +17.0% |
| 2026 | +21.6% | +31.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBAN and PBFS good diversifiers for each other?
Only partially. A correlation of 0.50 means CBAN and PBFS 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 CBAN and PBFS?
As of 2026-08-27, the correlation of weekly returns between CBAN and PBFS is 0.50 over 3 years, 0.57 over 1 year and 0.42 over 5 years.
Is PBFS a good diversifier for CBAN?
Only partially. A correlation of 0.50 means CBAN and PBFS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 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.
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Related comparisons
Hubs: CBAN correlations · PBFS correlations
