CABO vs SAM: Correlation
Measured on weekly returns over the past three years, Cable One, Inc. (CABO) and Boston Beer Company, Inc. (The) (SAM) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CABO and SAM?
On 3 years of weekly data the CABO/SAM correlation comes out at 0.46, moderate. The link has tightened recently: the 1-year correlation (0.58) runs above the 3-year figure (0.46). The 5-year figure is 0.35, and annualized covariance runs at 1071.8 %².
In CABO's tracked universe of 10 assets, SAM sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months SAM outperformed by 68.6 percentage points (-86.2% for CABO against -17.6% for SAM). Note the risk asymmetry: CABO runs 1.9 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.
CABO vs SAM: side by side
| CABO (Cable One, Inc.) | SAM (Boston Beer Company, Inc. (The)) | |
|---|---|---|
| 1-year return | -86.2% | -17.6% |
| 5-year return | -98.8% | -68.3% |
| Volatility (ann.) | 66.3% | 35.3% |
| Beta vs S&P 500 | 0.39 | 0.21 |
| Max drawdown (3Y) | -96.5% | -59.1% |
| Market cap | $0.1B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CABO | SAM |
|---|---|---|
| 2022 | -59.2% | -34.8% |
| 2023 | -20.4% | +4.9% |
| 2024 | -33.0% | -13.2% |
| 2025 | -68.5% | -35.0% |
| 2026 | -80.1% | -6.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CABO and SAM good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CABO and SAM?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.58 over the last year and 0.35 over 5 years.
Is SAM a good diversifier for CABO?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 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/cabo-vs-sam.json
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Related comparisons
Hubs: CABO correlations · SAM correlations
