CBAN vs VHI: Correlation
How closely do Colony Bankcorp, Inc. (CBAN) and Valhi, Inc. (VHI) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBAN and VHI?
Across a 3-year window, the weekly returns of CBAN and VHI correlate at 0.48, moderate. The link has loosened recently: the 1-year correlation (0.26) runs below the 3-year figure (0.48). Stretching to 5 years gives 0.42, with an annualized covariance of 820.1 %².
Among the 16 assets we track against CBAN, VHI ranks #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CBAN outperformed by 20.3 percentage points (+27.4% for CBAN against +7.1% for VHI). One caveat on sizing: VHI is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 VHI: side by side
| CBAN (Colony Bankcorp, Inc.) | VHI (Valhi, Inc.) | |
|---|---|---|
| 1-year return | +27.4% | +7.1% |
| 5-year return | +36.8% | -14.8% |
| Volatility (ann.) | 28.8% | 59.4% |
| Beta vs S&P 500 | 0.83 | 1.08 |
| Max drawdown (3Y) | -20.9% | -71.3% |
| Market cap | $0.5B | $0.5B |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 2.22% | 1.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBAN | VHI |
|---|---|---|
| 2022 | -23.5% | -22.7% |
| 2023 | +9.2% | -29.4% |
| 2024 | +25.7% | +56.5% |
| 2025 | +13.6% | -47.4% |
| 2026 | +21.6% | +49.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBAN and VHI good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CBAN and VHI?
The CBAN/VHI correlation stands at 0.48 on a 3-year window (1 year: 0.26, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is VHI a good diversifier for CBAN?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 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-vhi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cban-vs-vhi/)
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Related comparisons
Hubs: CBAN correlations · VHI correlations
