CFFI vs FLYE: Correlation
How closely do C&F Financial Corporation (CFFI) and Fly-E Group, Inc. (FLYE) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFFI and FLYE?
Over the past 3 years, CFFI and FLYE moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.13) than the 3-year average (-0.28). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1534.3 %².
FLYE is close to the least connected end of CFFI's tracked universe, ranking #12 of 14. The last year tells two different stories: CFFI led by 118.7 percentage points, +29.7% for CFFI against -89.0% for FLYE. One caveat on sizing: FLYE is 4.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CFFI vs FLYE: side by side
| CFFI (C&F Financial Corporation) | FLYE (Fly-E Group, Inc.) | |
|---|---|---|
| 1-year return | +29.7% | -89.0% |
| 5-year return | +96.2% | n/a |
| Volatility (ann.) | 36.7% | 153.0% |
| Beta vs S&P 500 | 0.73 | 1.73 |
| Max drawdown (3Y) | -50.7% | -99.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 10.1 | – |
| Dividend yield | 2.05% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CFFI | FLYE |
|---|---|---|
| 2022 | +17.5% | – |
| 2023 | +20.7% | – |
| 2024 | +7.8% | – |
| 2025 | +4.6% | -92.1% |
| 2026 | +26.4% | -74.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFFI and FLYE good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between CFFI and FLYE?
The CFFI/FLYE correlation stands at -0.28 on a 3-year window (1 year: -0.13, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is FLYE a good diversifier for CFFI?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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.
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Related comparisons
Hubs: CFFI correlations · FLYE correlations
