MVBF vs THFF: Correlation
MVB Financial Corp. (MVBF) and First Financial Corporation (THFF) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MVBF and THFF?
Over the past 3 years, MVBF and THFF moved with a correlation of 0.74, which is strong. Recent behaviour matches the longer record: 0.64 over 1 year against 0.74 over 3. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 684.1 %².
THFF is one of the assets that tracks MVBF most closely: it ranks #2 out of the 11 assets we track against MVBF. The trailing year gives THFF the advantage: +29.5% versus +38.8%, a 9.3-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.
MVBF vs THFF: side by side
| MVBF (MVB Financial Corp.) | THFF (First Financial Corporation) | |
|---|---|---|
| 1-year return | +29.5% | +38.8% |
| 5-year return | -11.2% | +135.2% |
| Volatility (ann.) | 32.7% | 28.2% |
| Beta vs S&P 500 | 0.78 | 0.81 |
| Max drawdown (3Y) | -35.3% | -20.2% |
| Market cap | $0.4B | $0.9B |
| P/E (trailing) | 10.1 | 11.1 |
| Dividend yield | 2.27% | 2.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MVBF | THFF |
|---|---|---|
| 2022 | -45.8% | +4.4% |
| 2023 | +5.7% | -2.6% |
| 2024 | -5.1% | +11.1% |
| 2025 | +28.7% | +36.2% |
| 2026 | +18.4% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MVBF and THFF good diversifiers for each other?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MVBF and THFF?
Using weekly returns as of 2026-08-27: 0.74 over 3 years, with 0.64 over the last year and 0.66 over 5 years.
Is THFF a good diversifier for MVBF?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.74 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/mvbf-vs-thff.json
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Related comparisons
Hubs: MVBF correlations · THFF correlations
