COFS vs ORRF: Correlation
ChoiceOne Financial Services, Inc. (COFS) and Orrstown Financial Services, Inc. (ORRF) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COFS and ORRF?
On 3 years of weekly data the COFS/ORRF correlation comes out at 0.67, strong. Recent behaviour matches the longer record: 0.75 over 1 year against 0.67 over 3. The 5-year figure is 0.51, and annualized covariance runs at 690.9 %².
Within COFS's tracked universe of 12 assets, ORRF comes in at #4 by 3-year correlation. Over the last 12 months ORRF came out ahead by 13.9 percentage points (+10.7% against +24.6%).
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.
COFS vs ORRF: side by side
| COFS (ChoiceOne Financial Services, Inc.) | ORRF (Orrstown Financial Services, Inc.) | |
|---|---|---|
| 1-year return | +10.7% | +24.6% |
| 5-year return | +66.4% | +111.1% |
| Volatility (ann.) | 36.3% | 28.5% |
| Beta vs S&P 500 | 0.84 | 0.84 |
| Max drawdown (3Y) | -34.9% | -35.9% |
| Market cap | $0.5B | $0.8B |
| P/E (trailing) | 8.8 | 9.5 |
| Dividend yield | 3.43% | 2.70% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COFS | ORRF |
|---|---|---|
| 2022 | +14.4% | -5.3% |
| 2023 | +5.3% | +32.3% |
| 2024 | +26.3% | +27.7% |
| 2025 | -14.0% | -0.0% |
| 2026 | +14.8% | +21.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COFS and ORRF good diversifiers for each other?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between COFS and ORRF?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.75 over the last year and 0.51 over 5 years.
Is ORRF a good diversifier for COFS?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.67 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cofs-vs-orrf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cofs-vs-orrf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COFS correlations · ORRF correlations
