CBFV vs WNEB: Correlation
Measured on weekly returns over the past three years, CB Financial Services, Inc. (CBFV) and Western New England Bancorp, Inc. (WNEB) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBFV and WNEB?
Across a 3-year window, the weekly returns of CBFV and WNEB correlate at 0.51, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.51 over 3. Stretching to 5 years gives 0.42, with an annualized covariance of 417.6 %².
By 3-year correlation, WNEB places #5 of the 10 assets tracked against CBFV. The trailing year gives CBFV the advantage: +17.2% versus +11.9%, a 5.3-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.
CBFV vs WNEB: side by side
| CBFV (CB Financial Services, Inc.) | WNEB (Western New England Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +17.2% | +11.9% |
| 5-year return | +97.7% | +85.9% |
| Volatility (ann.) | 25.3% | 32.1% |
| Beta vs S&P 500 | 0.46 | 0.66 |
| Max drawdown (3Y) | -21.1% | -33.3% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | 27.3 | 16.5 |
| Dividend yield | 2.89% | 2.03% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBFV | WNEB |
|---|---|---|
| 2022 | -7.2% | +11.0% |
| 2023 | +16.5% | -1.1% |
| 2024 | +25.1% | +6.0% |
| 2025 | +26.0% | +40.9% |
| 2026 | +9.7% | +10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBFV and WNEB good diversifiers for each other?
Only partially. A correlation of 0.51 means CBFV and WNEB 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 CBFV and WNEB?
The CBFV/WNEB correlation stands at 0.51 on a 3-year window (1 year: 0.45, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is WNEB a good diversifier for CBFV?
Only partially. A correlation of 0.51 means CBFV and WNEB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cbfv-vs-wneb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cbfv-vs-wneb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CBFV correlations · WNEB correlations
