MCBS vs NHC: Correlation
How closely do MetroCity Bankshares, Inc. (MCBS) and National HealthCare Corporation (NHC) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCBS and NHC?
Across a 3-year window, the weekly returns of MCBS and NHC correlate at 0.54, moderate. The past 12 months show a weaker link (0.36) than the 3-year average (0.54). Stretching to 5 years gives 0.46, with an annualized covariance of 452.5 %².
Within MCBS's tracked universe of 30 assets, NHC comes in at #15 by 3-year correlation. The last year tells two different stories: NHC led by 81.1 percentage points, +20.8% for MCBS against +101.9% for NHC.
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.
MCBS vs NHC: side by side
| MCBS (MetroCity Bankshares, Inc.) | NHC (National HealthCare Corporation) | |
|---|---|---|
| 1-year return | +20.8% | +101.9% |
| 5-year return | +99.5% | +243.9% |
| Volatility (ann.) | 28.2% | 29.9% |
| Beta vs S&P 500 | 0.85 | 0.50 |
| Max drawdown (3Y) | -28.0% | -33.4% |
| Market cap | $1.0B | $3.5B |
| P/E (trailing) | 12.2 | 25.0 |
| Dividend yield | 2.95% | 1.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MCBS | NHC |
|---|---|---|
| 2022 | -19.3% | -9.4% |
| 2023 | +15.3% | +60.8% |
| 2024 | +37.1% | +19.0% |
| 2025 | -14.1% | +30.3% |
| 2026 | +35.8% | +63.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCBS and NHC good diversifiers for each other?
To a limited degree. At 0.54 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 MCBS and NHC?
The MCBS/NHC correlation stands at 0.54 on a 3-year window (1 year: 0.36, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is NHC a good diversifier for MCBS?
To a limited degree. At 0.54 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 0.54 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/mcbs-vs-nhc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mcbs-vs-nhc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MCBS correlations · NHC correlations
