EQBK vs HOFT: Correlation
Measured on weekly returns over the past three years, Equity Bancshares, Inc. (EQBK) and Hooker Furnishings Corporation (HOFT) 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 EQBK and HOFT?
Across a 3-year window, the weekly returns of EQBK and HOFT correlate at 0.59, moderate. The link has loosened recently: the 1-year correlation (0.41) runs below the 3-year figure (0.59). Stretching to 5 years gives 0.50, with an annualized covariance of 916.2 %².
Within EQBK's tracked universe of 15 assets, HOFT comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HOFT ahead by 15.2 points (+23.7% versus +38.9%). One caveat on sizing: HOFT is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EQBK vs HOFT: side by side
| EQBK (Equity Bancshares, Inc.) | HOFT (Hooker Furnishings Corporation) | |
|---|---|---|
| 1-year return | +23.7% | +38.9% |
| 5-year return | +67.0% | -46.3% |
| Volatility (ann.) | 28.8% | 53.9% |
| Beta vs S&P 500 | 0.76 | 1.11 |
| Max drawdown (3Y) | -28.3% | -69.9% |
| Market cap | $1.0B | $0.1B |
| P/E (trailing) | 31.5 | – |
| Dividend yield | 1.45% | 5.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EQBK | HOFT |
|---|---|---|
| 2022 | -2.6% | -15.7% |
| 2023 | +5.5% | +45.7% |
| 2024 | +26.9% | -43.3% |
| 2025 | +6.9% | -13.3% |
| 2026 | +12.2% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQBK and HOFT good diversifiers for each other?
Only partially. A correlation of 0.59 means EQBK and HOFT 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 EQBK and HOFT?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.41 over the last year and 0.50 over 5 years.
Is HOFT a good diversifier for EQBK?
Only partially. A correlation of 0.59 means EQBK and HOFT 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.
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Related comparisons
Hubs: EQBK correlations · HOFT correlations
