CSV vs TRMK: Correlation
How closely do Carriage Services, Inc. (CSV) and Trustmark Corporation (TRMK) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSV and TRMK?
On 3 years of weekly data the CSV/TRMK correlation comes out at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. The 5-year figure is 0.23, and annualized covariance runs at 430.7 %².
Within CSV's tracked universe of 11 assets, TRMK comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TRMK ahead by 38.7 points (-22.2% versus +16.5%).
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 TRMK: side by side
| CSV (Carriage Services, Inc.) | TRMK (Trustmark Corporation) | |
|---|---|---|
| 1-year return | -22.2% | +16.5% |
| 5-year return | -19.2% | +69.7% |
| Volatility (ann.) | 31.0% | 27.0% |
| Beta vs S&P 500 | 0.62 | 0.91 |
| Max drawdown (3Y) | -36.6% | -22.0% |
| Market cap | $0.5B | $2.7B |
| P/E (trailing) | 12.5 | 11.8 |
| Dividend yield | 1.29% | 2.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CSV | TRMK |
|---|---|---|
| 2022 | -56.7% | +10.7% |
| 2023 | -7.7% | -17.0% |
| 2024 | +61.8% | +30.6% |
| 2025 | +7.3% | +13.0% |
| 2026 | -18.4% | +20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSV and TRMK good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CSV and TRMK?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.43 over the last year and 0.23 over 5 years.
Is TRMK a good diversifier for CSV?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
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-trmk.json
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Related comparisons
Hubs: CSV correlations · TRMK correlations
