ACEL vs CZR: Correlation
Accel Entertainment, Inc. (ACEL) and Caesars Entertainment, Inc. (CZR) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACEL and CZR?
On 3 years of weekly data the ACEL/CZR correlation comes out at 0.50, moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.50 over 3. The 5-year figure is 0.45, and annualized covariance runs at 581.3 %².
CZR is one of the assets that tracks ACEL most closely: it ranks #1 out of the 16 assets we track against ACEL. Over the last 12 months CZR came out ahead by 8.6 percentage points (+1.3% against +9.9%).
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.
ACEL vs CZR: side by side
| ACEL (Accel Entertainment, Inc.) | CZR (Caesars Entertainment, Inc.) | |
|---|---|---|
| 1-year return | +1.3% | +9.9% |
| 5-year return | +1.6% | -71.0% |
| Volatility (ann.) | 28.0% | 41.8% |
| Beta vs S&P 500 | 0.73 | 1.43 |
| Max drawdown (3Y) | -26.0% | -67.5% |
| Market cap | $0.9B | $6.0B |
| P/E (trailing) | 17.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACEL | CZR |
|---|---|---|
| 2022 | -40.9% | -55.5% |
| 2023 | +33.4% | +12.7% |
| 2024 | +4.0% | -28.7% |
| 2025 | +6.8% | -30.0% |
| 2026 | +2.5% | +26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACEL and CZR good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ACEL and CZR?
The ACEL/CZR correlation stands at 0.50 on a 3-year window (1 year: 0.51, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is CZR a good diversifier for ACEL?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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/acel-vs-czr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acel-vs-czr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACEL correlations · CZR correlations
