CMT vs FMAO: Correlation
Core Molding Technologies Inc (CMT) and Farmers & Merchants Bancorp, Inc. (FMAO) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMT and FMAO?
Across a 3-year window, the weekly returns of CMT and FMAO correlate at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. Stretching to 5 years gives 0.28, with an annualized covariance of 688.3 %².
By 3-year correlation, FMAO places #4 of the 13 assets tracked against CMT. Their 12-month results are close: +30.5% for CMT against +31.4% for FMAO.
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.
CMT vs FMAO: side by side
| CMT (Core Molding Technologies Inc) | FMAO (Farmers & Merchants Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +30.5% | +31.4% |
| 5-year return | +80.4% | +78.8% |
| Volatility (ann.) | 40.3% | 36.2% |
| Beta vs S&P 500 | 0.39 | 0.90 |
| Max drawdown (3Y) | -56.0% | -35.0% |
| Market cap | $0.2B | $0.5B |
| P/E (trailing) | 29.8 | 11.6 |
| Dividend yield | 0.00% | 2.72% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMT | FMAO |
|---|---|---|
| 2022 | +52.6% | -14.9% |
| 2023 | +42.6% | -5.3% |
| 2024 | -10.7% | +23.1% |
| 2025 | +21.2% | -13.0% |
| 2026 | +24.7% | +39.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMT and FMAO good diversifiers for each other?
Reasonably. At 0.47, CMT and FMAO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CMT and FMAO?
As of 2026-08-27, the correlation of weekly returns between CMT and FMAO is 0.47 over 3 years, 0.37 over 1 year and 0.28 over 5 years.
Is FMAO a good diversifier for CMT?
Reasonably. At 0.47, CMT and FMAO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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/cmt-vs-fmao.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cmt-vs-fmao/)
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Related comparisons
Hubs: CMT correlations · FMAO correlations
