CCNE vs HIFS: Correlation
How closely do CNB Financial Corporation (CCNE) and Hingham Institution for Savings (HIFS) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCNE and HIFS?
Across a 3-year window, the weekly returns of CCNE and HIFS correlate at 0.69, strong. The past 12 months show a weaker link (0.55) than the 3-year average (0.69). Stretching to 5 years gives 0.64, with an annualized covariance of 810.0 %².
By 3-year correlation, HIFS places #14 of the 27 assets tracked against CCNE. The last year tells two different stories: CCNE led by 27.6 percentage points, +30.2% for CCNE against +2.6% for HIFS.
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 HIFS: side by side
| CCNE (CNB Financial Corporation) | HIFS (Hingham Institution for Savings) | |
|---|---|---|
| 1-year return | +30.2% | +2.6% |
| 5-year return | +61.1% | -2.0% |
| Volatility (ann.) | 29.0% | 40.5% |
| Beta vs S&P 500 | 0.84 | 1.05 |
| Max drawdown (3Y) | -29.7% | -27.8% |
| Market cap | $1.0B | $0.7B |
| P/E (trailing) | 10.6 | 10.0 |
| Dividend yield | 2.18% | 0.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCNE | HIFS |
|---|---|---|
| 2022 | -7.8% | -33.6% |
| 2023 | -1.6% | -28.6% |
| 2024 | +13.6% | +31.9% |
| 2025 | +8.4% | +12.8% |
| 2026 | +31.5% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCNE and HIFS good diversifiers for each other?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CCNE and HIFS?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.55 over the last year and 0.64 over 5 years.
Is HIFS a good diversifier for CCNE?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.69 mean?
A reading of 0.69 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ccne-vs-hifs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ccne-vs-hifs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCNE correlations · HIFS correlations
