ASTC vs CINF: Correlation
How closely do Astrotech Corporation (ASTC) and Cincinnati Financial (CINF) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTC and CINF?
Over the past 3 years, ASTC and CINF moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.30) runs below the 3-year figure (-0.18). Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -4751.6 %².
By 3-year correlation, CINF places #26 of the 47 assets tracked against ASTC. Their recent paths diverged sharply: over the last 12 months ASTC outperformed by 23.0 percentage points (+37.5% for ASTC against +14.5% for CINF). Note the risk asymmetry: ASTC runs 55.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ASTC vs CINF: side by side
| ASTC (Astrotech Corporation) | CINF (Cincinnati Financial) | |
|---|---|---|
| 1-year return | +37.5% | +14.5% |
| 5-year return | -78.4% | +58.8% |
| Volatility (ann.) | 1206.9% | 21.6% |
| Beta vs S&P 500 | 4.81 | 0.36 |
| Max drawdown (3Y) | -87.5% | -20.0% |
| Market cap | – | $26.5B |
| P/E (trailing) | – | 8.1 |
| Dividend yield | 0.00% | 2.10% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ASTC | CINF |
|---|---|---|
| 2022 | -51.0% | -7.9% |
| 2023 | -15.0% | +4.0% |
| 2024 | -20.8% | +42.5% |
| 2025 | -48.5% | +16.3% |
| 2026 | +105.8% | +6.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTC and CINF good diversifiers for each other?
Yes. With a correlation of -0.18, ASTC and CINF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ASTC and CINF?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.30 over the last year and -0.12 over 5 years.
Is CINF a good diversifier for ASTC?
Yes. With a correlation of -0.18, ASTC and CINF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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/astc-vs-cinf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/astc-vs-cinf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASTC correlations · CINF correlations
