CZFS vs PCYO: Correlation
Measured on weekly returns over the past three years, Citizens Financial Services, Inc. (CZFS) and Pure Cycle Corporation (PCYO) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CZFS and PCYO?
Over the past 3 years, CZFS and PCYO moved with a correlation of 0.59, which is moderate. The past 12 months show a weaker link (0.37) than the 3-year average (0.59). Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 709.2 %².
Within CZFS's tracked universe of 14 assets, PCYO comes in at #6 by 3-year correlation. The last year tells two different stories: CZFS led by 22.9 percentage points, +34.8% for CZFS against +11.9% for PCYO. Risk is not evenly split, since CZFS carries 1.6 times the volatility of the other side.
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 PCYO: side by side
| CZFS (Citizens Financial Services, Inc.) | PCYO (Pure Cycle Corporation) | |
|---|---|---|
| 1-year return | +34.8% | +11.9% |
| 5-year return | +56.8% | -24.0% |
| Volatility (ann.) | 43.2% | 27.7% |
| Beta vs S&P 500 | 0.95 | 0.73 |
| Max drawdown (3Y) | -38.1% | -33.4% |
| Market cap | $0.4B | $0.3B |
| P/E (trailing) | 9.4 | 18.7 |
| Dividend yield | 2.49% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CZFS | PCYO |
|---|---|---|
| 2022 | +31.2% | -28.2% |
| 2023 | -12.3% | -0.1% |
| 2024 | +2.7% | +21.1% |
| 2025 | -6.9% | -13.3% |
| 2026 | +44.6% | +4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CZFS and PCYO good diversifiers for each other?
Only partially. A correlation of 0.59 means CZFS and PCYO 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 CZFS and PCYO?
The CZFS/PCYO correlation stands at 0.59 on a 3-year window (1 year: 0.37, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is PCYO a good diversifier for CZFS?
Only partially. A correlation of 0.59 means CZFS and PCYO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 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
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Related comparisons
Hubs: CZFS correlations · PCYO correlations
