CCB vs TOP: Correlation
Coastal Financial Corporation (CCB) and TOP Financial Group Limited - Class A (TOP) show a negative relationship: their 3-year correlation of weekly returns is -0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCB and TOP?
Over the past 3 years, CCB and TOP moved with a correlation of -0.48, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.69) runs below the 3-year figure (-0.48). Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -5038.2 %².
TOP is close to the least connected end of CCB's tracked universe, ranking #17 of 19. Their recent paths diverged sharply: over the last 12 months TOP outperformed by 1276.9 percentage points (-59.0% for CCB against +1217.9% for TOP). One caveat on sizing: TOP is 5.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TOP: side by side
| CCB (Coastal Financial Corporation) | TOP (TOP Financial Group Limited - Class A) | |
|---|---|---|
| 1-year return | -59.0% | +1217.9% |
| 5-year return | +59.4% | -9.2% |
| Volatility (ann.) | 45.4% | 230.2% |
| Beta vs S&P 500 | 0.96 | 1.60 |
| Max drawdown (3Y) | -66.5% | -89.6% |
| Market cap | $0.7B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCB | TOP |
|---|---|---|
| 2022 | -6.1% | – |
| 2023 | -6.5% | -22.5% |
| 2024 | +91.2% | -59.5% |
| 2025 | +35.0% | -34.3% |
| 2026 | -59.2% | +1434.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCB and TOP good diversifiers for each other?
Yes. With a correlation of -0.48, CCB and TOP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CCB and TOP?
Using weekly returns as of 2026-08-27: -0.48 over 3 years, with -0.69 over the last year and -0.05 over 5 years.
Is TOP a good diversifier for CCB?
Yes. With a correlation of -0.48, CCB and TOP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.48 mean?
On the −1 to +1 scale, -0.48 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-top.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ccb-vs-top/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCB correlations · TOP correlations
