SFST vs TRC: Correlation
How closely do Southern First Bancshares, Inc. (SFST) and Tejon Ranch Co (TRC) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SFST and TRC?
On 3 years of weekly data the SFST/TRC correlation comes out at 0.53, moderate. The past 12 months show a weaker link (0.40) than the 3-year average (0.53). The 5-year figure is 0.47, and annualized covariance runs at 414.6 %².
Among the 13 assets we track against SFST, TRC ranks #7 by 3-year correlation. The last year tells two different stories: SFST led by 44.2 percentage points, +37.1% for SFST against -7.1% for TRC.
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.
SFST vs TRC: side by side
| SFST (Southern First Bancshares, Inc.) | TRC (Tejon Ranch Co) | |
|---|---|---|
| 1-year return | +37.1% | -7.1% |
| 5-year return | +23.1% | -15.6% |
| Volatility (ann.) | 33.3% | 23.7% |
| Beta vs S&P 500 | 0.77 | 0.44 |
| Max drawdown (3Y) | -33.6% | -24.3% |
| Market cap | $0.6B | $0.4B |
| P/E (trailing) | 13.3 | 73.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SFST | TRC |
|---|---|---|
| 2022 | -26.8% | -1.3% |
| 2023 | -18.9% | -8.7% |
| 2024 | +7.1% | -7.6% |
| 2025 | +29.6% | -0.8% |
| 2026 | +20.7% | +2.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SFST and TRC good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SFST and TRC?
The SFST/TRC correlation stands at 0.53 on a 3-year window (1 year: 0.40, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is TRC a good diversifier for SFST?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
A reading of 0.53 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sfst-vs-trc.json
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[](https://www.pairbook.io/pair/sfst-vs-trc/)
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Related comparisons
Hubs: SFST correlations · TRC correlations
