CHTR vs SHBI: Correlation
How closely do Charter Communications (CHTR) and Shore Bancshares, Inc. (SHBI) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHTR and SHBI?
On 3 years of weekly data the CHTR/SHBI correlation comes out at 0.48, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.48 over 3. The 5-year figure is 0.39, and annualized covariance runs at 650.1 %².
Among the 35 assets we track against CHTR, SHBI ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SHBI ahead by 82.6 points (-44.9% versus +37.7%).
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.
CHTR vs SHBI: side by side
| CHTR (Charter Communications) | SHBI (Shore Bancshares, Inc.) | |
|---|---|---|
| 1-year return | -44.9% | +37.7% |
| 5-year return | -81.8% | +51.7% |
| Volatility (ann.) | 41.3% | 32.6% |
| Beta vs S&P 500 | 0.74 | 0.89 |
| Max drawdown (3Y) | -72.9% | -31.9% |
| Market cap | $20.0B | $0.8B |
| P/E (trailing) | 4.0 | 11.7 |
| Dividend yield | 0.00% | 2.16% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | CHTR | SHBI |
|---|---|---|
| 2022 | -48.0% | -14.4% |
| 2023 | +14.6% | -15.1% |
| 2024 | -11.8% | +15.6% |
| 2025 | -39.1% | +15.0% |
| 2026 | -28.9% | +32.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHTR and SHBI good diversifiers for each other?
Reasonably. At 0.48, CHTR and SHBI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CHTR and SHBI?
As of 2026-08-27, the correlation of weekly returns between CHTR and SHBI is 0.48 over 3 years, 0.43 over 1 year and 0.39 over 5 years.
Is SHBI a good diversifier for CHTR?
Reasonably. At 0.48, CHTR and SHBI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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: CHTR correlations · SHBI correlations
