CCNE vs TCBX: Correlation
CNB Financial Corporation (CCNE) and Third Coast Bancshares, Inc. (TCBX) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCNE and TCBX?
Over the past 3 years, CCNE and TCBX moved with a correlation of 0.76, which is strong. Recent behaviour matches the longer record: 0.73 over 1 year against 0.76 over 3. Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 696.4 %².
Among the 27 assets we track against CCNE, TCBX ranks #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CCNE ahead by 17.4 points (+30.2% versus +12.8%).
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 TCBX: side by side
| CCNE (CNB Financial Corporation) | TCBX (Third Coast Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +30.2% | +12.8% |
| 5-year return | +61.1% | +80.3% |
| Volatility (ann.) | 29.0% | 31.7% |
| Beta vs S&P 500 | 0.84 | 0.88 |
| Max drawdown (3Y) | -29.7% | -28.9% |
| Market cap | $1.0B | $0.8B |
| P/E (trailing) | 10.6 | 11.0 |
| Dividend yield | 2.18% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCNE | TCBX |
|---|---|---|
| 2022 | -7.8% | -29.1% |
| 2023 | -1.6% | +7.8% |
| 2024 | +13.6% | +70.9% |
| 2025 | +8.4% | +12.0% |
| 2026 | +31.5% | +18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCNE and TCBX good diversifiers for each other?
To a limited degree. At 0.76 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 TCBX?
As of 2026-08-27, the correlation of weekly returns between CCNE and TCBX is 0.76 over 3 years, 0.73 over 1 year and 0.61 over 5 years.
Is TCBX a good diversifier for CCNE?
To a limited degree. At 0.76 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 0.76 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.
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Related comparisons
Hubs: CCNE correlations · TCBX correlations
