CPSS vs OBT: Correlation
Consumer Portfolio Services, Inc. (CPSS) and Orange County Bancorp, Inc. (OBT) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPSS and OBT?
Over the past 3 years, CPSS and OBT moved with a correlation of 0.39, which is moderate. The past 12 months show a weaker link (0.29) than the 3-year average (0.39). Over 5 years the correlation is 0.13, and the annualized covariance of weekly returns is 533.9 %².
OBT is one of the assets that tracks CPSS most closely: it ranks #2 out of the 10 assets we track against CPSS. Correlation aside, the last 12 months split them widely, with OBT ahead by 30.8 points (+14.9% versus +45.7%).
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.
CPSS vs OBT: side by side
| CPSS (Consumer Portfolio Services, Inc.) | OBT (Orange County Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +14.9% | +45.7% |
| 5-year return | +65.6% | +143.9% |
| Volatility (ann.) | 35.9% | 38.3% |
| Beta vs S&P 500 | 0.28 | 0.83 |
| Max drawdown (3Y) | -41.5% | -32.5% |
| Market cap | $0.2B | $0.5B |
| P/E (trailing) | 10.3 | 10.6 |
| Dividend yield | 0.00% | 1.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPSS | OBT |
|---|---|---|
| 2022 | -25.3% | +18.3% |
| 2023 | +5.9% | +32.1% |
| 2024 | +15.9% | -6.1% |
| 2025 | -14.1% | +5.0% |
| 2026 | +0.5% | +34.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPSS and OBT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CPSS and OBT?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.29 over the last year and 0.13 over 5 years.
Is OBT a good diversifier for CPSS?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CPSS correlations · OBT correlations
