AOUT vs CPF: Correlation
American Outdoor Brands, Inc. (AOUT) and Central Pacific Financial Corp New (CPF) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOUT and CPF?
On 3 years of weekly data the AOUT/CPF correlation comes out at 0.45, moderate. The past 12 months show a tighter link (0.57) than the 3-year average (0.45). The 5-year figure is 0.37, and annualized covariance runs at 578.1 %².
In AOUT's tracked universe of 10 assets, CPF sits right near the top at #3. The last year tells two different stories: CPF led by 26.6 percentage points, -2.2% for AOUT against +24.4% for CPF. One caveat on sizing: AOUT is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AOUT vs CPF: side by side
| AOUT (American Outdoor Brands, Inc.) | CPF (Central Pacific Financial Corp New) | |
|---|---|---|
| 1-year return | -2.2% | +24.4% |
| 5-year return | -62.4% | +85.5% |
| Volatility (ann.) | 48.7% | 26.5% |
| Beta vs S&P 500 | 0.91 | 0.84 |
| Max drawdown (3Y) | -64.2% | -25.2% |
| Market cap | $0.1B | $1.0B |
| P/E (trailing) | – | 12.2 |
| Dividend yield | 0.00% | 2.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AOUT | CPF |
|---|---|---|
| 2022 | -49.7% | -24.7% |
| 2023 | -16.2% | +2.9% |
| 2024 | +81.4% | +54.3% |
| 2025 | -49.3% | +11.3% |
| 2026 | +34.0% | +23.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOUT and CPF good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AOUT and CPF?
As of 2026-08-27, the correlation of weekly returns between AOUT and CPF is 0.45 over 3 years, 0.57 over 1 year and 0.37 over 5 years.
Is CPF a good diversifier for AOUT?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
A reading of 0.45 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/aout-vs-cpf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aout-vs-cpf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AOUT correlations · CPF correlations
