CZNC vs THFF: Correlation
How closely do Citizens & Northern Corp (CZNC) and First Financial Corporation (THFF) trade together? Their weekly returns over three years give a correlation of 0.78, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CZNC and THFF?
On 3 years of weekly data the CZNC/THFF correlation comes out at 0.78, strong. Recent behaviour matches the longer record: 0.77 over 1 year against 0.78 over 3. The 5-year figure is 0.73, and annualized covariance runs at 611.4 %².
Among the 14 assets we track against CZNC, THFF ranks #4 by 3-year correlation. On 12-month performance THFF holds a 6.3-point edge, +32.5% against +38.8%.
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.
CZNC vs THFF: side by side
| CZNC (Citizens & Northern Corp) | THFF (First Financial Corporation) | |
|---|---|---|
| 1-year return | +32.5% | +38.8% |
| 5-year return | +31.8% | +135.2% |
| Volatility (ann.) | 27.6% | 28.2% |
| Beta vs S&P 500 | 0.57 | 0.81 |
| Max drawdown (3Y) | -26.1% | -20.2% |
| Market cap | $0.5B | $0.9B |
| P/E (trailing) | 17.3 | 11.1 |
| Dividend yield | 4.42% | 2.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CZNC | THFF |
|---|---|---|
| 2022 | -8.4% | +4.4% |
| 2023 | +3.7% | -2.6% |
| 2024 | -12.2% | +11.1% |
| 2025 | +14.9% | +36.2% |
| 2026 | +31.0% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CZNC and THFF good diversifiers for each other?
To a limited degree. At 0.78 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CZNC and THFF?
The CZNC/THFF correlation stands at 0.78 on a 3-year window (1 year: 0.77, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is THFF a good diversifier for CZNC?
To a limited degree. At 0.78 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.78 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.
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Related comparisons
Hubs: CZNC correlations · THFF correlations
