CFFI vs RMBI: Correlation
Measured on weekly returns over the past three years, C&F Financial Corporation (CFFI) and Richmond Mutual Bancorporation, Inc. (RMBI) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFFI and RMBI?
On 3 years of weekly data the CFFI/RMBI correlation comes out at 0.43, moderate. The past 12 months show a tighter link (0.58) than the 3-year average (0.43). The 5-year figure is 0.36, and annualized covariance runs at 399.8 %².
By 3-year correlation, RMBI places #7 of the 14 assets tracked against CFFI. The last year tells two different stories: CFFI led by 15.1 percentage points, +29.7% for CFFI against +14.6% for RMBI.
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 RMBI: side by side
| CFFI (C&F Financial Corporation) | RMBI (Richmond Mutual Bancorporation, Inc.) | |
|---|---|---|
| 1-year return | +29.7% | +14.6% |
| 5-year return | +96.2% | +24.6% |
| Volatility (ann.) | 36.7% | 25.3% |
| Beta vs S&P 500 | 0.73 | 0.34 |
| Max drawdown (3Y) | -50.7% | -20.8% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | 10.1 | 13.1 |
| Dividend yield | 2.05% | 3.78% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CFFI | RMBI |
|---|---|---|
| 2022 | +17.5% | -16.7% |
| 2023 | +20.7% | -7.2% |
| 2024 | +7.8% | +28.6% |
| 2025 | +4.6% | +3.7% |
| 2026 | +26.4% | +16.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFFI and RMBI good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CFFI and RMBI?
As of 2026-08-27, the correlation of weekly returns between CFFI and RMBI is 0.43 over 3 years, 0.58 over 1 year and 0.36 over 5 years.
Is RMBI a good diversifier for CFFI?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
A reading of 0.43 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/cffi-vs-rmbi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cffi-vs-rmbi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CFFI correlations · RMBI correlations
