CCNE vs RLGT: Correlation
How closely do CNB Financial Corporation (CCNE) and Radiant Logistics, Inc. (RLGT) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCNE and RLGT?
On 3 years of weekly data the CCNE/RLGT correlation comes out at 0.61, strong. Lately the two have drifted apart, with the 1-year correlation at 0.47 versus 0.61 over 3 years. The 5-year figure is 0.47, and annualized covariance runs at 553.6 %².
Within CCNE's tracked universe of 27 assets, RLGT comes in at #16 by 3-year correlation. Neither side won the trailing year by much: +30.2% against +34.8%.
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 RLGT: side by side
| CCNE (CNB Financial Corporation) | RLGT (Radiant Logistics, Inc.) | |
|---|---|---|
| 1-year return | +30.2% | +34.8% |
| 5-year return | +61.1% | +31.8% |
| Volatility (ann.) | 29.0% | 31.1% |
| Beta vs S&P 500 | 0.84 | 0.98 |
| Max drawdown (3Y) | -29.7% | -29.3% |
| Market cap | $1.0B | $0.4B |
| P/E (trailing) | 10.6 | 25.6 |
| Dividend yield | 2.18% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCNE | RLGT |
|---|---|---|
| 2022 | -7.8% | -30.2% |
| 2023 | -1.6% | +30.5% |
| 2024 | +13.6% | +0.9% |
| 2025 | +8.4% | -5.5% |
| 2026 | +31.5% | +37.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCNE and RLGT good diversifiers for each other?
To a limited degree. At 0.61 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 RLGT?
As of 2026-08-27, the correlation of weekly returns between CCNE and RLGT is 0.61 over 3 years, 0.47 over 1 year and 0.47 over 5 years.
Is RLGT a good diversifier for CCNE?
To a limited degree. At 0.61 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 0.61 mean?
On the −1 to +1 scale, 0.61 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/ccne-vs-rlgt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccne-vs-rlgt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CCNE correlations · RLGT correlations
