CARS vs OC: Correlation
How closely do Cars.com Inc. (CARS) and Owens Corning Inc (OC) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CARS and OC?
Across a 3-year window, the weekly returns of CARS and OC correlate at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Stretching to 5 years gives 0.43, with an annualized covariance of 831.5 %².
OC is one of the assets that tracks CARS most closely: it ranks #2 out of the 14 assets we track against CARS. Over the last 12 months OC came out ahead by 7.0 percentage points (-10.6% against -3.6%).
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.
CARS vs OC: side by side
| CARS (Cars.com Inc.) | OC (Owens Corning Inc) | |
|---|---|---|
| 1-year return | -10.6% | -3.6% |
| 5-year return | -7.8% | +60.3% |
| Volatility (ann.) | 42.1% | 35.1% |
| Beta vs S&P 500 | 1.42 | 1.41 |
| Max drawdown (3Y) | -63.4% | -52.5% |
| Market cap | $0.6B | $11.4B |
| P/E (trailing) | 21.0 | – |
| Dividend yield | 0.00% | 2.10% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CARS | OC |
|---|---|---|
| 2022 | -14.4% | -4.2% |
| 2023 | +37.8% | +77.2% |
| 2024 | -8.6% | +16.6% |
| 2025 | -29.6% | -33.0% |
| 2026 | -3.5% | +30.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CARS and OC good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CARS and OC?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.50 over the last year and 0.43 over 5 years.
Is OC a good diversifier for CARS?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cars-vs-oc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cars-vs-oc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CARS correlations · OC correlations
