CMT vs SBSI: Correlation
Core Molding Technologies Inc (CMT) and Southside Bancshares, Inc. (SBSI) 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 SBSI?
Across a 3-year window, the weekly returns of CMT and SBSI correlate at 0.47, moderate. The past 12 months show a weaker link (0.33) than the 3-year average (0.47). Stretching to 5 years gives 0.28, with an annualized covariance of 464.8 %².
Within CMT's tracked universe of 13 assets, SBSI comes in at #5 by 3-year correlation. The last year tells two different stories: CMT led by 24.1 percentage points, +30.5% for CMT against +6.4% for SBSI. Risk is not evenly split, since CMT carries 1.6 times the volatility of the other side.
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 SBSI: side by side
| CMT (Core Molding Technologies Inc) | SBSI (Southside Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +30.5% | +6.4% |
| 5-year return | +80.4% | +7.0% |
| Volatility (ann.) | 40.3% | 24.6% |
| Beta vs S&P 500 | 0.39 | 0.59 |
| Max drawdown (3Y) | -56.0% | -27.3% |
| Market cap | $0.2B | $1.0B |
| P/E (trailing) | 29.8 | 12.6 |
| Dividend yield | 0.00% | 4.49% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMT | SBSI |
|---|---|---|
| 2022 | +52.6% | -10.8% |
| 2023 | +42.6% | -8.9% |
| 2024 | -10.7% | +6.3% |
| 2025 | +21.2% | +0.5% |
| 2026 | +24.7% | +8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMT and SBSI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CMT and SBSI?
As of 2026-08-27, the correlation of weekly returns between CMT and SBSI is 0.47 over 3 years, 0.33 over 1 year and 0.28 over 5 years.
Is SBSI a good diversifier for CMT?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined 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-sbsi.json
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[](https://www.pairbook.io/pair/cmt-vs-sbsi/)
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Related comparisons
Hubs: CMT correlations · SBSI correlations
