CBAN vs THFF: Correlation
Colony Bankcorp, Inc. (CBAN) and First Financial Corporation (THFF) show a very strong relationship: their 3-year correlation of weekly returns is 0.84.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBAN and THFF?
Across a 3-year window, the weekly returns of CBAN and THFF correlate at 0.84, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.79 over 1 year against 0.84 over 3. Stretching to 5 years gives 0.78, with an annualized covariance of 684.6 %².
Among the 16 assets we track against CBAN, THFF ranks #5 by 3-year correlation. The trailing year gives THFF the advantage: +27.4% versus +38.8%, a 11.4-point spread.
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 THFF: side by side
| CBAN (Colony Bankcorp, Inc.) | THFF (First Financial Corporation) | |
|---|---|---|
| 1-year return | +27.4% | +38.8% |
| 5-year return | +36.8% | +135.2% |
| Volatility (ann.) | 28.8% | 28.2% |
| Beta vs S&P 500 | 0.83 | 0.81 |
| Max drawdown (3Y) | -20.9% | -20.2% |
| Market cap | $0.5B | $0.9B |
| P/E (trailing) | 12.7 | 11.1 |
| Dividend yield | 2.22% | 2.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBAN | THFF |
|---|---|---|
| 2022 | -23.5% | +4.4% |
| 2023 | +9.2% | -2.6% |
| 2024 | +25.7% | +11.1% |
| 2025 | +13.6% | +36.2% |
| 2026 | +21.6% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBAN and THFF good diversifiers for each other?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between CBAN and THFF?
As of 2026-08-27, the correlation of weekly returns between CBAN and THFF is 0.84 over 3 years, 0.79 over 1 year and 0.78 over 5 years.
Is THFF a good diversifier for CBAN?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.84 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-thff.json
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Related comparisons
Hubs: CBAN correlations · THFF correlations
