CCBG vs PLOW: Correlation
Capital City Bank Group (CCBG) and Douglas Dynamics, Inc. (PLOW) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCBG and PLOW?
On 3 years of weekly data the CCBG/PLOW correlation comes out at 0.58, moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.58 over 3. The 5-year figure is 0.51, and annualized covariance runs at 488.8 %².
By 3-year correlation, PLOW places #6 of the 13 assets tracked against CCBG. The trailing year gives PLOW the advantage: +19.9% versus +28.2%, a 8.3-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.
CCBG vs PLOW: side by side
| CCBG (Capital City Bank Group) | PLOW (Douglas Dynamics, Inc.) | |
|---|---|---|
| 1-year return | +19.9% | +28.2% |
| 5-year return | +154.3% | +30.5% |
| Volatility (ann.) | 25.9% | 32.7% |
| Beta vs S&P 500 | 0.53 | 0.55 |
| Max drawdown (3Y) | -16.5% | -29.6% |
| Market cap | $0.9B | $1.0B |
| P/E (trailing) | 14.2 | 18.9 |
| Dividend yield | 2.08% | 2.83% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCBG | PLOW |
|---|---|---|
| 2022 | +25.8% | -4.0% |
| 2023 | -7.1% | -14.7% |
| 2024 | +28.1% | -16.5% |
| 2025 | +19.1% | +43.8% |
| 2026 | +21.7% | +30.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCBG and PLOW good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CCBG and PLOW?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.53 over the last year and 0.51 over 5 years.
Is PLOW a good diversifier for CCBG?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
A reading of 0.58 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CCBG correlations · PLOW correlations
