CCBG vs PRVA: Correlation
Measured on weekly returns over the past three years, Capital City Bank Group (CCBG) and Privia Health Group, Inc. (PRVA) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCBG and PRVA?
Over the past 3 years, CCBG and PRVA moved with a correlation of 0.50, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.27 versus 0.50 over 3 years. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 446.6 %².
Within CCBG's tracked universe of 13 assets, PRVA comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CCBG outperformed by 24.0 percentage points (+19.9% for CCBG against -4.1% for PRVA).
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 PRVA: side by side
| CCBG (Capital City Bank Group) | PRVA (Privia Health Group, Inc.) | |
|---|---|---|
| 1-year return | +19.9% | -4.1% |
| 5-year return | +154.3% | -36.0% |
| Volatility (ann.) | 25.9% | 34.7% |
| Beta vs S&P 500 | 0.53 | 0.73 |
| Max drawdown (3Y) | -16.5% | -40.0% |
| Market cap | $0.9B | $2.7B |
| P/E (trailing) | 14.2 | 94.8 |
| Dividend yield | 2.08% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCBG | PRVA |
|---|---|---|
| 2022 | +25.8% | -12.2% |
| 2023 | -7.1% | +1.4% |
| 2024 | +28.1% | -15.1% |
| 2025 | +19.1% | +21.3% |
| 2026 | +21.7% | -12.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCBG and PRVA good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CCBG and PRVA?
As of 2026-08-27, the correlation of weekly returns between CCBG and PRVA is 0.50 over 3 years, 0.27 over 1 year and 0.31 over 5 years.
Is PRVA a good diversifier for CCBG?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
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.
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Related comparisons
Hubs: CCBG correlations · PRVA correlations
