OBT vs THFF: Correlation
How closely do Orange County Bancorp, Inc. (OBT) and First Financial Corporation (THFF) trade together? Their weekly returns over three years give a correlation of 0.75, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OBT and THFF?
Over the past 3 years, OBT and THFF moved with a correlation of 0.75, which is strong. Little has changed lately, as the 1-year reading of 0.71 lands near the 3-year figure. Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 807.4 %².
In OBT's tracked universe of 11 assets, THFF sits right near the top at #1. Over the last 12 months OBT came out ahead by 6.9 percentage points (+45.7% 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.
OBT vs THFF: side by side
| OBT (Orange County Bancorp, Inc.) | THFF (First Financial Corporation) | |
|---|---|---|
| 1-year return | +45.7% | +38.8% |
| 5-year return | +143.9% | +135.2% |
| Volatility (ann.) | 38.3% | 28.2% |
| Beta vs S&P 500 | 0.83 | 0.81 |
| Max drawdown (3Y) | -32.5% | -20.2% |
| Market cap | $0.5B | $0.9B |
| P/E (trailing) | 10.6 | 11.1 |
| Dividend yield | 1.77% | 2.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OBT | THFF |
|---|---|---|
| 2022 | +18.3% | +4.4% |
| 2023 | +32.1% | -2.6% |
| 2024 | -6.1% | +11.1% |
| 2025 | +5.0% | +36.2% |
| 2026 | +34.4% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OBT and THFF good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between OBT and THFF?
As of 2026-08-27, the correlation of weekly returns between OBT and THFF is 0.75 over 3 years, 0.71 over 1 year and 0.61 over 5 years.
Is THFF a good diversifier for OBT?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 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/obt-vs-thff.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/obt-vs-thff/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OBT correlations · THFF correlations
