CZFS vs THFF: Correlation
Citizens Financial Services, Inc. (CZFS) and First Financial Corporation (THFF) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CZFS and THFF?
On 3 years of weekly data the CZFS/THFF correlation comes out at 0.74, strong. Recent behaviour matches the longer record: 0.68 over 1 year against 0.74 over 3. The 5-year figure is 0.61, and annualized covariance runs at 903.5 %².
Among the 14 assets we track against CZFS, THFF ranks #4 by 3-year correlation. Twelve-month performance is nearly a tie, at +34.8% for CZFS and +38.8% for THFF. Risk is not evenly split, since CZFS carries 1.5 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 THFF: side by side
| CZFS (Citizens Financial Services, Inc.) | THFF (First Financial Corporation) | |
|---|---|---|
| 1-year return | +34.8% | +38.8% |
| 5-year return | +56.8% | +135.2% |
| Volatility (ann.) | 43.2% | 28.2% |
| Beta vs S&P 500 | 0.95 | 0.81 |
| Max drawdown (3Y) | -38.1% | -20.2% |
| Market cap | $0.4B | $0.9B |
| P/E (trailing) | 9.4 | 11.1 |
| Dividend yield | 2.49% | 2.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CZFS | THFF |
|---|---|---|
| 2022 | +31.2% | +4.4% |
| 2023 | -12.3% | -2.6% |
| 2024 | +2.7% | +11.1% |
| 2025 | -6.9% | +36.2% |
| 2026 | +44.6% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CZFS and THFF good diversifiers for each other?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CZFS and THFF?
Using weekly returns as of 2026-08-27: 0.74 over 3 years, with 0.68 over the last year and 0.61 over 5 years.
Is THFF a good diversifier for CZFS?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.74 mean?
On the −1 to +1 scale, 0.74 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.
Use this data
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Related comparisons
Hubs: CZFS correlations · THFF correlations
