CCB vs GBFH: Correlation
How closely do Coastal Financial Corporation (CCB) and GBank Financial Holdings Inc. (GBFH) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCB and GBFH?
Across a 3-year window, the weekly returns of CCB and GBFH correlate at 0.50, moderate. The past 12 months show a tighter link (0.64) than the 3-year average (0.50). Stretching to 5 years gives n/a, with an annualized covariance of 1260.7 %².
By 3-year correlation, GBFH places #6 of the 19 assets tracked against CCB. On 12-month performance GBFH holds a 8.5-point edge, -59.0% against -50.5%.
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.
CCB vs GBFH: side by side
| CCB (Coastal Financial Corporation) | GBFH (GBank Financial Holdings Inc.) | |
|---|---|---|
| 1-year return | -59.0% | -50.5% |
| 5-year return | +59.4% | n/a |
| Volatility (ann.) | 45.4% | 49.3% |
| Beta vs S&P 500 | 0.96 | 1.11 |
| Max drawdown (3Y) | -66.5% | -53.8% |
| Market cap | $0.7B | $0.3B |
| P/E (trailing) | – | 15.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCB | GBFH |
|---|---|---|
| 2022 | -6.1% | – |
| 2023 | -6.5% | – |
| 2024 | +91.2% | – |
| 2025 | +35.0% | -21.2% |
| 2026 | -59.2% | -40.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCB and GBFH good diversifiers for each other?
Only partially. A correlation of 0.50 means CCB and GBFH 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 CCB and GBFH?
As of 2026-08-27, the correlation of weekly returns between CCB and GBFH is 0.50 over 3 years, 0.64 over 1 year and n/a over 5 years.
Is GBFH a good diversifier for CCB?
Only partially. A correlation of 0.50 means CCB and GBFH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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/ccb-vs-gbfh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccb-vs-gbfh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCB correlations · GBFH correlations
