DOLE vs TOWN: Correlation
Dole plc (DOLE) and Towne Bank (TOWN) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOLE and TOWN?
On 3 years of weekly data the DOLE/TOWN correlation comes out at 0.47, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.47 over 3. The 5-year figure is 0.43, and annualized covariance runs at 285.0 %².
By 3-year correlation, TOWN places #5 of the 13 assets tracked against DOLE. The trailing year gives TOWN the advantage: -5.5% versus +6.7%, a 12.2-point spread.
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.
DOLE vs TOWN: side by side
| DOLE (Dole plc) | TOWN (Towne Bank) | |
|---|---|---|
| 1-year return | -5.5% | +6.7% |
| 5-year return | -3.9% | +47.6% |
| Volatility (ann.) | 24.2% | 25.0% |
| Beta vs S&P 500 | 0.28 | 0.77 |
| Max drawdown (3Y) | -27.7% | -18.4% |
| Market cap | $1.3B | $3.5B |
| P/E (trailing) | 18.5 | 18.0 |
| Dividend yield | 2.49% | 2.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOLE | TOWN |
|---|---|---|
| 2022 | -25.3% | +0.7% |
| 2023 | +30.8% | +0.3% |
| 2024 | +12.8% | +18.3% |
| 2025 | +12.0% | +1.0% |
| 2026 | -7.6% | +16.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOLE and TOWN good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DOLE and TOWN?
The DOLE/TOWN correlation stands at 0.47 on a 3-year window (1 year: 0.48, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is TOWN a good diversifier for DOLE?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DOLE correlations · TOWN correlations
