ASTE vs CTRI: Correlation
How closely do Astec Industries, Inc. (ASTE) and Centuri Holdings, Inc. (CTRI) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTE and CTRI?
On 3 years of weekly data the ASTE/CTRI correlation comes out at 0.45, moderate. The past 12 months show a tighter link (0.56) than the 3-year average (0.45). The 5-year figure is n/a, and annualized covariance runs at 984.2 %².
Among the 13 assets we track against ASTE, CTRI ranks #7 by 3-year correlation. The trailing year gives CTRI the advantage: -5.9% versus +3.5%, a 9.4-point spread.
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.
ASTE vs CTRI: side by side
| ASTE (Astec Industries, Inc.) | CTRI (Centuri Holdings, Inc.) | |
|---|---|---|
| 1-year return | -5.9% | +3.5% |
| 5-year return | -23.7% | n/a |
| Volatility (ann.) | 45.5% | 48.1% |
| Beta vs S&P 500 | 0.95 | 0.97 |
| Max drawdown (3Y) | -47.0% | -50.3% |
| Market cap | $1.0B | $2.1B |
| P/E (trailing) | 52.6 | 64.0 |
| Dividend yield | 1.18% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTE | CTRI |
|---|---|---|
| 2022 | -40.6% | – |
| 2023 | -7.3% | – |
| 2024 | -8.4% | – |
| 2025 | +30.6% | +30.8% |
| 2026 | +2.7% | -16.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTE and CTRI 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 ASTE and CTRI?
As of 2026-08-27, the correlation of weekly returns between ASTE and CTRI is 0.45 over 3 years, 0.56 over 1 year and n/a over 5 years.
Is CTRI a good diversifier for ASTE?
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/aste-vs-ctri.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aste-vs-ctri/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASTE correlations · CTRI correlations
