CABO vs HNI: Correlation
Measured on weekly returns over the past three years, Cable One, Inc. (CABO) and HNI Corporation (HNI) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CABO and HNI?
Over the past 3 years, CABO and HNI moved with a correlation of 0.39, which is moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 882.1 %².
Within CABO's tracked universe of 10 assets, HNI comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HNI ahead by 100.5 points (-86.2% versus +14.3%). One caveat on sizing: CABO is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CABO vs HNI: side by side
| CABO (Cable One, Inc.) | HNI (HNI Corporation) | |
|---|---|---|
| 1-year return | -86.2% | +14.3% |
| 5-year return | -98.8% | +55.8% |
| Volatility (ann.) | 66.3% | 34.5% |
| Beta vs S&P 500 | 0.39 | 0.87 |
| Max drawdown (3Y) | -96.5% | -47.1% |
| Market cap | $0.1B | $3.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CABO | HNI |
|---|---|---|
| 2022 | -59.2% | -29.9% |
| 2023 | -20.4% | +53.2% |
| 2024 | -33.0% | +23.8% |
| 2025 | -68.5% | -13.9% |
| 2026 | -80.1% | +21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CABO and HNI good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CABO and HNI?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.44 over the last year and 0.37 over 5 years.
Is HNI a good diversifier for CABO?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
A reading of 0.39 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/cabo-vs-hni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cabo-vs-hni/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CABO correlations · HNI correlations
