CZFS vs OOMA: Correlation
How closely do Citizens Financial Services, Inc. (CZFS) and Ooma, Inc. (OOMA) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CZFS and OOMA?
On 3 years of weekly data the CZFS/OOMA correlation comes out at 0.48, moderate. The link has loosened recently: the 1-year correlation (0.24) runs below the 3-year figure (0.48). The 5-year figure is 0.34, and annualized covariance runs at 801.8 %².
Within CZFS's tracked universe of 14 assets, OOMA comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months OOMA outperformed by 39.5 percentage points (+34.8% for CZFS against +74.3% for OOMA).
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.
CZFS vs OOMA: side by side
| CZFS (Citizens Financial Services, Inc.) | OOMA (Ooma, Inc.) | |
|---|---|---|
| 1-year return | +34.8% | +74.3% |
| 5-year return | +56.8% | +23.7% |
| Volatility (ann.) | 43.2% | 38.7% |
| Beta vs S&P 500 | 0.95 | 0.76 |
| Max drawdown (3Y) | -38.1% | -53.4% |
| Market cap | $0.4B | $0.6B |
| P/E (trailing) | 9.4 | 62.3 |
| Dividend yield | 2.49% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CZFS | OOMA |
|---|---|---|
| 2022 | +31.2% | -33.4% |
| 2023 | -12.3% | -21.2% |
| 2024 | +2.7% | +31.0% |
| 2025 | -6.9% | -16.6% |
| 2026 | +44.6% | +96.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CZFS and OOMA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CZFS and OOMA?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.24 over the last year and 0.34 over 5 years.
Is OOMA a good diversifier for CZFS?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: CZFS correlations · OOMA correlations
