CCNE vs CZNC: Correlation
Measured on weekly returns over the past three years, CNB Financial Corporation (CCNE) and Citizens & Northern Corp (CZNC) carry a correlation of 0.77, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCNE and CZNC?
Across a 3-year window, the weekly returns of CCNE and CZNC correlate at 0.77, strong. The relationship has been stable: the 1-year correlation (0.79) sits close to the 3-year figure. Stretching to 5 years gives 0.67, with an annualized covariance of 613.2 %².
Among the 27 assets we track against CCNE, CZNC ranks #11 by 3-year correlation. Neither side won the trailing year by much: +30.2% against +32.5%.
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.
CCNE vs CZNC: side by side
| CCNE (CNB Financial Corporation) | CZNC (Citizens & Northern Corp) | |
|---|---|---|
| 1-year return | +30.2% | +32.5% |
| 5-year return | +61.1% | +31.8% |
| Volatility (ann.) | 29.0% | 27.6% |
| Beta vs S&P 500 | 0.84 | 0.57 |
| Max drawdown (3Y) | -29.7% | -26.1% |
| Market cap | $1.0B | $0.5B |
| P/E (trailing) | 10.6 | 17.3 |
| Dividend yield | 2.18% | 4.42% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCNE | CZNC |
|---|---|---|
| 2022 | -7.8% | -8.4% |
| 2023 | -1.6% | +3.7% |
| 2024 | +13.6% | -12.2% |
| 2025 | +8.4% | +14.9% |
| 2026 | +31.5% | +31.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCNE and CZNC good diversifiers for each other?
To a limited degree. At 0.77 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 CCNE and CZNC?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.79 over the last year and 0.67 over 5 years.
Is CZNC a good diversifier for CCNE?
To a limited degree. At 0.77 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 0.77 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/ccne-vs-cznc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ccne-vs-cznc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCNE correlations · CZNC correlations
