CSV vs HAFC: Correlation
Carriage Services, Inc. (CSV) and Hanmi Financial Corporation (HAFC) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSV and HAFC?
On 3 years of weekly data the CSV/HAFC correlation comes out at 0.51, moderate. The link has loosened recently: the 1-year correlation (0.37) runs below the 3-year figure (0.51). The 5-year figure is 0.29, and annualized covariance runs at 511.0 %².
By 3-year correlation, HAFC places #4 of the 11 assets tracked against CSV. The last year tells two different stories: HAFC led by 49.5 percentage points, -22.2% for CSV against +27.3% for HAFC.
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.
CSV vs HAFC: side by side
| CSV (Carriage Services, Inc.) | HAFC (Hanmi Financial Corporation) | |
|---|---|---|
| 1-year return | -22.2% | +27.3% |
| 5-year return | -19.2% | +104.5% |
| Volatility (ann.) | 31.0% | 32.5% |
| Beta vs S&P 500 | 0.62 | 0.90 |
| Max drawdown (3Y) | -36.6% | -26.9% |
| Market cap | $0.5B | $0.9B |
| P/E (trailing) | 12.5 | 10.5 |
| Dividend yield | 1.29% | 3.54% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CSV | HAFC |
|---|---|---|
| 2022 | -56.7% | +8.5% |
| 2023 | -7.7% | -17.0% |
| 2024 | +61.8% | +28.7% |
| 2025 | +7.3% | +19.7% |
| 2026 | -18.4% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSV and HAFC good diversifiers for each other?
Only partially. A correlation of 0.51 means CSV and HAFC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CSV and HAFC?
The CSV/HAFC correlation stands at 0.51 on a 3-year window (1 year: 0.37, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is HAFC a good diversifier for CSV?
Only partially. A correlation of 0.51 means CSV and HAFC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 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/csv-vs-hafc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/csv-vs-hafc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CSV correlations · HAFC correlations
