ATRO vs CDRE: Correlation
How closely do Astronics Corporation (ATRO) and Cadre Holdings, Inc. (CDRE) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATRO and CDRE?
Over the past 3 years, ATRO and CDRE moved with a correlation of 0.40, which is moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.40 over 3. Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 695.4 %².
Among the 11 assets we track against ATRO, CDRE ranks #6 by 3-year correlation. The last year tells two different stories: ATRO led by 166.0 percentage points, +167.5% for ATRO against +1.5% for CDRE.
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.
ATRO vs CDRE: side by side
| ATRO (Astronics Corporation) | CDRE (Cadre Holdings, Inc.) | |
|---|---|---|
| 1-year return | +167.5% | +1.5% |
| 5-year return | +623.9% | +116.1% |
| Volatility (ann.) | 47.1% | 36.9% |
| Beta vs S&P 500 | 1.07 | 0.81 |
| Max drawdown (3Y) | -33.3% | -40.6% |
| Market cap | $3.4B | $1.3B |
| P/E (trailing) | 42.6 | 38.4 |
| Dividend yield | 0.00% | 1.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATRO | CDRE |
|---|---|---|
| 2022 | -14.2% | -19.7% |
| 2023 | +69.1% | +65.5% |
| 2024 | -8.4% | -0.8% |
| 2025 | +239.8% | +27.8% |
| 2026 | +80.2% | -23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATRO and CDRE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ATRO and CDRE?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.46 over the last year and 0.22 over 5 years.
Is CDRE a good diversifier for ATRO?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 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/atro-vs-cdre.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/atro-vs-cdre/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATRO correlations · CDRE correlations
