CMCSA vs OCFC: Correlation
How closely do Comcast (CMCSA) and OceanFirst Financial Corp. (OCFC) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMCSA and OCFC?
Over the past 3 years, CMCSA and OCFC moved with a correlation of 0.46, which is moderate. The past 12 months show a weaker link (0.32) than the 3-year average (0.46). Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 349.1 %².
Within CMCSA's tracked universe of 39 assets, OCFC comes in at #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months OCFC outperformed by 19.0 percentage points (-12.6% for CMCSA against +6.4% for OCFC).
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.
CMCSA vs OCFC: side by side
| CMCSA (Comcast) | OCFC (OceanFirst Financial Corp.) | |
|---|---|---|
| 1-year return | -12.6% | +6.4% |
| 5-year return | -44.5% | +10.9% |
| Volatility (ann.) | 23.8% | 31.8% |
| Beta vs S&P 500 | 0.48 | 1.04 |
| Max drawdown (3Y) | -44.9% | -29.8% |
| Market cap | $93.7B | $1.8B |
| P/E (trailing) | 8.7 | 23.6 |
| Dividend yield | 4.85% | 4.21% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | CMCSA | OCFC |
|---|---|---|
| 2022 | -28.7% | -0.9% |
| 2023 | +29.1% | -14.2% |
| 2024 | -11.8% | +9.4% |
| 2025 | -17.3% | +3.9% |
| 2026 | -2.2% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMCSA and OCFC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CMCSA and OCFC?
As of 2026-08-27, the correlation of weekly returns between CMCSA and OCFC is 0.46 over 3 years, 0.32 over 1 year and 0.40 over 5 years.
Is OCFC a good diversifier for CMCSA?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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/cmcsa-vs-ocfc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cmcsa-vs-ocfc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CMCSA correlations · OCFC correlations
