ALGN vs CSL: Correlation
Align Technology (ALGN) and Carlisle Companies Incorporated (CSL) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALGN and CSL?
Over the past 3 years, ALGN and CSL moved with a correlation of 0.54, which is moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 814.6 %².
By 3-year correlation, CSL places #6 of the 37 assets tracked against ALGN. Correlation aside, the last 12 months split them widely, with ALGN ahead by 18.3 points (+11.9% versus -6.4%).
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.
ALGN vs CSL: side by side
| ALGN (Align Technology) | CSL (Carlisle Companies Incorporated) | |
|---|---|---|
| 1-year return | +11.9% | -6.4% |
| 5-year return | -77.4% | +78.0% |
| Volatility (ann.) | 44.3% | 33.9% |
| Beta vs S&P 500 | 1.51 | 1.10 |
| Max drawdown (3Y) | -66.7% | -37.7% |
| Market cap | $11.3B | $14.3B |
| P/E (trailing) | 27.6 | 20.5 |
| Dividend yield | 0.00% | 1.20% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ALGN | CSL |
|---|---|---|
| 2022 | -67.9% | -4.1% |
| 2023 | +29.9% | +34.3% |
| 2024 | -23.9% | +19.1% |
| 2025 | -25.1% | -12.3% |
| 2026 | +1.7% | +13.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALGN and CSL good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ALGN and CSL?
As of 2026-08-27, the correlation of weekly returns between ALGN and CSL is 0.54 over 3 years, 0.57 over 1 year and 0.48 over 5 years.
Is CSL a good diversifier for ALGN?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 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/algn-vs-csl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/algn-vs-csl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALGN correlations · CSL correlations
