CCB vs PHAR: Correlation
Coastal Financial Corporation (CCB) and Pharming Group N.V. (PHAR) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCB and PHAR?
Over the past 3 years, CCB and PHAR moved with a correlation of 0.30, which is moderate. The link has tightened recently: the 1-year correlation (0.41) runs above the 3-year figure (0.30). Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 712.8 %².
Among the 19 assets we track against CCB, PHAR ranks #10 by 3-year correlation. The last year tells two different stories: PHAR led by 43.3 percentage points, -59.0% for CCB against -15.7% for PHAR.
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 PHAR: side by side
| CCB (Coastal Financial Corporation) | PHAR (Pharming Group N.V.) | |
|---|---|---|
| 1-year return | -59.0% | -15.7% |
| 5-year return | +59.4% | +11.7% |
| Volatility (ann.) | 45.4% | 52.7% |
| Beta vs S&P 500 | 0.96 | 0.52 |
| Max drawdown (3Y) | -66.5% | -57.3% |
| Market cap | $0.7B | $0.8B |
| P/E (trailing) | – | 84.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCB | PHAR |
|---|---|---|
| 2022 | -6.1% | +23.4% |
| 2023 | -6.5% | +3.6% |
| 2024 | +91.2% | -11.9% |
| 2025 | +35.0% | +75.6% |
| 2026 | -59.2% | -33.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCB and PHAR good diversifiers for each other?
Reasonably. At 0.30, CCB and PHAR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CCB and PHAR?
The CCB/PHAR correlation stands at 0.30 on a 3-year window (1 year: 0.41, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is PHAR a good diversifier for CCB?
Reasonably. At 0.30, CCB and PHAR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 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/ccb-vs-phar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ccb-vs-phar/)
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Related comparisons
Hubs: CCB correlations · PHAR correlations
