BKNG vs CET: Correlation
Booking Holdings (BKNG) and Central Securities Corporation (CET) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKNG and CET?
Across a 3-year window, the weekly returns of BKNG and CET correlate at 0.55, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 205.5 %².
Within BKNG's tracked universe of 39 assets, CET comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CET outperformed by 24.8 percentage points (-9.1% for BKNG against +15.7% for CET). Note the risk asymmetry: BKNG runs 2.3 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.
BKNG vs CET: side by side
| BKNG (Booking Holdings) | CET (Central Securities Corporation) | |
|---|---|---|
| 1-year return | -9.1% | +15.7% |
| 5-year return | +127.1% | +73.3% |
| Volatility (ann.) | 29.1% | 12.8% |
| Beta vs S&P 500 | 1.11 | 0.78 |
| Max drawdown (3Y) | -33.4% | -15.4% |
| Market cap | $152.2B | – |
| P/E (trailing) | 23.2 | 7.3 |
| Dividend yield | 0.77% | 5.03% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | BKNG | CET |
|---|---|---|
| 2022 | -16.0% | -19.7% |
| 2023 | +76.0% | +19.2% |
| 2024 | +41.3% | +26.8% |
| 2025 | +8.6% | +17.2% |
| 2026 | -5.0% | +8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKNG and CET good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BKNG and CET?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.48 over the last year and 0.57 over 5 years.
Is CET a good diversifier for BKNG?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 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/bkng-vs-cet.json
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[](https://www.pairbook.io/pair/bkng-vs-cet/)
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Hubs: BKNG correlations · CET correlations
