BDL vs CTRN: Correlation
How closely do Flanigan's Enterprises, Inc. (BDL) and Citi Trends, Inc. (CTRN) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDL and CTRN?
Across a 3-year window, the weekly returns of BDL and CTRN correlate at 0.30, moderate. The link has tightened recently: the 1-year correlation (0.41) runs above the 3-year figure (0.30). Stretching to 5 years gives 0.18, with an annualized covariance of 632.2 %².
Within BDL's tracked universe of 12 assets, CTRN comes in at #5 by 3-year correlation. The last year tells two different stories: CTRN led by 22.8 percentage points, +63.9% for BDL against +86.7% for CTRN.
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.
BDL vs CTRN: side by side
| BDL (Flanigan's Enterprises, Inc.) | CTRN (Citi Trends, Inc.) | |
|---|---|---|
| 1-year return | +63.9% | +86.7% |
| 5-year return | +118.2% | -19.6% |
| Volatility (ann.) | 39.5% | 52.8% |
| Beta vs S&P 500 | 0.37 | 1.41 |
| Max drawdown (3Y) | -30.5% | -57.0% |
| Market cap | – | $0.6B |
| P/E (trailing) | 13.4 | 79.8 |
| Dividend yield | 1.16% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BDL | CTRN |
|---|---|---|
| 2022 | -13.7% | -72.1% |
| 2023 | +0.8% | +6.8% |
| 2024 | +0.0% | -7.2% |
| 2025 | +19.2% | +58.3% |
| 2026 | +64.1% | +65.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDL and CTRN good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BDL and CTRN?
As of 2026-08-27, the correlation of weekly returns between BDL and CTRN is 0.30 over 3 years, 0.41 over 1 year and 0.18 over 5 years.
Is CTRN a good diversifier for BDL?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 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/bdl-vs-ctrn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bdl-vs-ctrn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BDL correlations · CTRN correlations
