ALL vs CPSH: Correlation
Allstate (ALL) and CPS Technologies Corp. (CPSH) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALL and CPSH?
On 3 years of weekly data the ALL/CPSH correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.35 versus -0.21 over 3 years. The 5-year figure is -0.03, and annualized covariance runs at -362.4 %².
Within ALL's tracked universe of 32 assets, CPSH comes in at #23 by 3-year correlation. The trailing year gives ALL the advantage: +28.9% versus +15.3%, a 13.6-point spread. Risk is not evenly split, since CPSH carries 3.5 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.
ALL vs CPSH: side by side
| ALL (Allstate) | CPSH (CPS Technologies Corp.) | |
|---|---|---|
| 1-year return | +28.9% | +15.3% |
| 5-year return | +114.7% | -32.8% |
| Volatility (ann.) | 22.1% | 78.3% |
| Beta vs S&P 500 | 0.31 | 0.50 |
| Max drawdown (3Y) | -14.1% | -69.7% |
| Market cap | $65.1B | $0.1B |
| P/E (trailing) | 5.2 | 392.0 |
| Dividend yield | 1.59% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ALL | CPSH |
|---|---|---|
| 2022 | +18.4% | -29.0% |
| 2023 | +6.4% | -12.6% |
| 2024 | +40.6% | -31.5% |
| 2025 | +10.1% | +91.9% |
| 2026 | +25.0% | +26.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALL and CPSH good diversifiers for each other?
Yes. With a correlation of -0.21, ALL and CPSH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALL and CPSH?
The ALL/CPSH correlation stands at -0.21 on a 3-year window (1 year: -0.35, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is CPSH a good diversifier for ALL?
Yes. With a correlation of -0.21, ALL and CPSH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/all-vs-cpsh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/all-vs-cpsh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALL correlations · CPSH correlations
