CBZ vs EFOR: Correlation
CBIZ, Inc. (CBZ) and Everforth, Inc. (EFOR) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBZ and EFOR?
On 3 years of weekly data the CBZ/EFOR correlation comes out at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. The 5-year figure is 0.50, and annualized covariance runs at 1202.4 %².
Within CBZ's tracked universe of 20 assets, EFOR comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CBZ outperformed by 23.8 percentage points (-16.9% for CBZ against -40.7% for EFOR).
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.
CBZ vs EFOR: side by side
| CBZ (CBIZ, Inc.) | EFOR (Everforth, Inc.) | |
|---|---|---|
| 1-year return | -16.9% | -40.7% |
| 5-year return | +61.7% | -71.9% |
| Volatility (ann.) | 44.6% | 54.8% |
| Beta vs S&P 500 | 1.02 | 0.83 |
| Max drawdown (3Y) | -71.6% | -83.7% |
| Market cap | $3.0B | $1.3B |
| P/E (trailing) | 26.3 | 16.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBZ | EFOR |
|---|---|---|
| 2022 | +19.8% | -34.0% |
| 2023 | +33.6% | +18.0% |
| 2024 | +30.7% | -13.3% |
| 2025 | -38.3% | -42.2% |
| 2026 | +8.4% | -34.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBZ and EFOR good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CBZ and EFOR?
The CBZ/EFOR correlation stands at 0.49 on a 3-year window (1 year: 0.50, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is EFOR a good diversifier for CBZ?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/cbz-vs-efor.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cbz-vs-efor/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CBZ correlations · EFOR correlations
