ACNT vs CCEP: Correlation
How closely do Ascent Industries Co. (ACNT) and Coca-Cola Europacific Partners plc (CCEP) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACNT and CCEP?
Across a 3-year window, the weekly returns of ACNT and CCEP correlate at 0.30, moderate. The link has tightened recently: the 1-year correlation (0.53) runs above the 3-year figure (0.30). Stretching to 5 years gives 0.22, with an annualized covariance of 180.9 %².
By 3-year correlation, CCEP places #4 of the 16 assets tracked against ACNT. Over the last 12 months ACNT came out ahead by 6.5 percentage points (+31.0% against +24.5%). Risk is not evenly split, since ACNT carries 1.6 times the volatility of the other side.
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.
ACNT vs CCEP: side by side
| ACNT (Ascent Industries Co.) | CCEP (Coca-Cola Europacific Partners plc) | |
|---|---|---|
| 1-year return | +31.0% | +24.5% |
| 5-year return | +37.0% | +115.3% |
| Volatility (ann.) | 31.2% | 19.3% |
| Beta vs S&P 500 | 0.09 | 0.39 |
| Max drawdown (3Y) | -31.8% | -18.2% |
| Market cap | $0.1B | $47.4B |
| P/E (trailing) | – | 21.0 |
| Dividend yield | 0.00% | 1.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACNT | CCEP |
|---|---|---|
| 2022 | -47.2% | +2.3% |
| 2023 | +10.3% | +24.5% |
| 2024 | +16.9% | +18.4% |
| 2025 | +44.8% | +21.2% |
| 2026 | -2.4% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACNT and CCEP good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ACNT and CCEP?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.53 over the last year and 0.22 over 5 years.
Is CCEP a good diversifier for ACNT?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 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/acnt-vs-ccep.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acnt-vs-ccep/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACNT correlations · CCEP correlations
