CFBK vs IDAI: Correlation
How closely do CF Bankshares Inc. (CFBK) and T Stamp Inc. (IDAI) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFBK and IDAI?
Across a 3-year window, the weekly returns of CFBK and IDAI correlate at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.05) than the 3-year average (-0.22). Stretching to 5 years gives -0.18, with an annualized covariance of -3427.3 %².
Out of 12 assets tracked against CFBK, IDAI lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with CFBK ahead by 27.0 points (+42.5% versus +15.5%). Risk is not evenly split, since IDAI carries 16.7 times the volatility of the other side.
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.
CFBK vs IDAI: side by side
| CFBK (CF Bankshares Inc.) | IDAI (T Stamp Inc.) | |
|---|---|---|
| 1-year return | +42.5% | +15.5% |
| 5-year return | +92.0% | -76.5% |
| Volatility (ann.) | 30.3% | 505.7% |
| Beta vs S&P 500 | 0.75 | -1.01 |
| Max drawdown (3Y) | -33.5% | -92.9% |
| Market cap | $0.2B | – |
| P/E (trailing) | 11.9 | – |
| Dividend yield | 0.98% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CFBK | IDAI |
|---|---|---|
| 2022 | +4.1% | -88.0% |
| 2023 | -6.7% | -43.0% |
| 2024 | +32.6% | -35.5% |
| 2025 | -1.0% | +342.8% |
| 2026 | +39.5% | -14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFBK and IDAI good diversifiers for each other?
Yes. With a correlation of -0.22, CFBK and IDAI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CFBK and IDAI?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.05 over the last year and -0.18 over 5 years.
Is IDAI a good diversifier for CFBK?
Yes. With a correlation of -0.22, CFBK and IDAI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CFBK correlations · IDAI correlations
