FRST vs THFF: Correlation
Measured on weekly returns over the past three years, Primis Financial Corp. (FRST) and First Financial Corporation (THFF) carry a correlation of 0.78, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRST and THFF?
Across a 3-year window, the weekly returns of FRST and THFF correlate at 0.78, strong. The relationship has been stable: the 1-year correlation (0.73) sits close to the 3-year figure. Stretching to 5 years gives 0.73, with an annualized covariance of 736.7 %².
By 3-year correlation, THFF places #5 of the 11 assets tracked against FRST. The trailing year gives FRST the advantage: +46.2% versus +38.8%, a 7.4-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.
FRST vs THFF: side by side
| FRST (Primis Financial Corp.) | THFF (First Financial Corporation) | |
|---|---|---|
| 1-year return | +46.2% | +38.8% |
| 5-year return | +26.9% | +135.2% |
| Volatility (ann.) | 33.3% | 28.2% |
| Beta vs S&P 500 | 0.88 | 0.81 |
| Max drawdown (3Y) | -39.3% | -20.2% |
| Market cap | $0.4B | $0.9B |
| P/E (trailing) | 7.4 | 11.1 |
| Dividend yield | 2.48% | 2.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRST | THFF |
|---|---|---|
| 2022 | -18.8% | +4.4% |
| 2023 | +11.5% | -2.6% |
| 2024 | -4.7% | +11.1% |
| 2025 | +23.9% | +36.2% |
| 2026 | +16.9% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRST and THFF good diversifiers for each other?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FRST and THFF?
The FRST/THFF correlation stands at 0.78 on a 3-year window (1 year: 0.73, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is THFF a good diversifier for FRST?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/frst-vs-thff.json
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Related comparisons
Hubs: FRST correlations · THFF correlations
