CBFV vs MRBK: Correlation
How closely do CB Financial Services, Inc. (CBFV) and Meridian Corporation (MRBK) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBFV and MRBK?
On 3 years of weekly data the CBFV/MRBK correlation comes out at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 473.4 %².
MRBK is one of the assets that tracks CBFV most closely: it ranks #1 out of the 10 assets we track against CBFV. On 12-month performance MRBK holds a 9.5-point edge, +17.2% against +26.7%.
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.
CBFV vs MRBK: side by side
| CBFV (CB Financial Services, Inc.) | MRBK (Meridian Corporation) | |
|---|---|---|
| 1-year return | +17.2% | +26.7% |
| 5-year return | +97.7% | +64.7% |
| Volatility (ann.) | 25.3% | 35.7% |
| Beta vs S&P 500 | 0.46 | 0.96 |
| Max drawdown (3Y) | -21.1% | -39.2% |
| Market cap | $0.2B | $0.2B |
| P/E (trailing) | 27.3 | 10.6 |
| Dividend yield | 2.89% | 2.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBFV | MRBK |
|---|---|---|
| 2022 | -7.2% | -13.3% |
| 2023 | +16.5% | -4.1% |
| 2024 | +25.1% | +3.4% |
| 2025 | +26.0% | +32.7% |
| 2026 | +9.7% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBFV and MRBK good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CBFV and MRBK?
The CBFV/MRBK correlation stands at 0.53 on a 3-year window (1 year: 0.55, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is MRBK a good diversifier for CBFV?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
A reading of 0.53 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: CBFV correlations · MRBK correlations
