MNSB vs SHBI: Correlation
How closely do MainStreet Bancshares, Inc. (MNSB) and Shore Bancshares, Inc. (SHBI) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNSB and SHBI?
On 3 years of weekly data the MNSB/SHBI correlation comes out at 0.64, strong. Recent behaviour matches the longer record: 0.71 over 1 year against 0.64 over 3. The 5-year figure is 0.60, and annualized covariance runs at 648.4 %².
Among the 11 assets we track against MNSB, SHBI ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SHBI ahead by 25.3 points (+12.4% versus +37.7%).
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.
MNSB vs SHBI: side by side
| MNSB (MainStreet Bancshares, Inc.) | SHBI (Shore Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +12.4% | +37.7% |
| 5-year return | +17.5% | +51.7% |
| Volatility (ann.) | 31.1% | 32.6% |
| Beta vs S&P 500 | 0.55 | 0.89 |
| Max drawdown (3Y) | -40.5% | -31.9% |
| Market cap | $0.2B | $0.8B |
| P/E (trailing) | 12.2 | 11.7 |
| Dividend yield | 1.61% | 2.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNSB | SHBI |
|---|---|---|
| 2022 | +12.9% | -14.4% |
| 2023 | -8.2% | -15.1% |
| 2024 | -25.3% | +15.6% |
| 2025 | +15.0% | +15.0% |
| 2026 | +25.5% | +32.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNSB and SHBI good diversifiers for each other?
To a limited degree. At 0.64 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 MNSB and SHBI?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.71 over the last year and 0.60 over 5 years.
Is SHBI a good diversifier for MNSB?
To a limited degree. At 0.64 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 0.64 mean?
On the −1 to +1 scale, 0.64 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/mnsb-vs-shbi.json
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Related comparisons
Hubs: MNSB correlations · SHBI correlations
