LCNB vs THFF: Correlation
Measured on weekly returns over the past three years, LCNB Corporation (LCNB) and First Financial Corporation (THFF) carry a correlation of 0.73, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LCNB and THFF?
Across a 3-year window, the weekly returns of LCNB and THFF correlate at 0.73, strong. Little has changed lately, as the 1-year reading of 0.74 lands near the 3-year figure. Stretching to 5 years gives 0.61, with an annualized covariance of 608.2 %².
Few assets follow LCNB as closely as THFF, which ranks #3 of 14 tracked partners. Over the last 12 months THFF came out ahead by 11.4 percentage points (+27.4% 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.
LCNB vs THFF: side by side
| LCNB (LCNB Corporation) | THFF (First Financial Corporation) | |
|---|---|---|
| 1-year return | +27.4% | +38.8% |
| 5-year return | +43.8% | +135.2% |
| Volatility (ann.) | 29.6% | 28.2% |
| Beta vs S&P 500 | 0.49 | 0.81 |
| Max drawdown (3Y) | -23.8% | -20.2% |
| Market cap | $0.3B | $0.9B |
| P/E (trailing) | 11.2 | 11.1 |
| Dividend yield | 4.59% | 2.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LCNB | THFF |
|---|---|---|
| 2022 | -3.4% | +4.4% |
| 2023 | -7.5% | -2.6% |
| 2024 | +1.7% | +11.1% |
| 2025 | +14.7% | +36.2% |
| 2026 | +21.1% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LCNB and THFF good diversifiers for each other?
To a limited degree. At 0.73 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 LCNB and THFF?
As of 2026-08-27, the correlation of weekly returns between LCNB and THFF is 0.73 over 3 years, 0.74 over 1 year and 0.61 over 5 years.
Is THFF a good diversifier for LCNB?
To a limited degree. At 0.73 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 0.73 mean?
On the −1 to +1 scale, 0.73 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
$ curl https://www.pairbook.io/api/v1/pairs/lcnb-vs-thff.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lcnb-vs-thff/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LCNB correlations · THFF correlations
