CATO vs CE: Correlation
How closely do Cato Corporation (The) (CATO) and Celanese Corporation (CE) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CATO and CE?
On 3 years of weekly data the CATO/CE correlation comes out at 0.32, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.18 versus 0.32 over 3 years. The 5-year figure is 0.29, and annualized covariance runs at 889.4 %².
In CATO's tracked universe of 12 assets, CE sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months CE outperformed by 27.2 percentage points (-31.8% for CATO against -4.6% for CE).
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.
CATO vs CE: side by side
| CATO (Cato Corporation (The)) | CE (Celanese Corporation) | |
|---|---|---|
| 1-year return | -31.8% | -4.6% |
| 5-year return | -80.5% | -69.7% |
| Volatility (ann.) | 56.2% | 49.7% |
| Beta vs S&P 500 | 0.62 | 0.79 |
| Max drawdown (3Y) | -69.4% | -79.0% |
| Market cap | $0.1B | $4.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.27% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CATO | CE |
|---|---|---|
| 2022 | -42.2% | -37.8% |
| 2023 | -16.5% | +55.7% |
| 2024 | -39.8% | -54.6% |
| 2025 | -20.8% | -38.8% |
| 2026 | -13.9% | +6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CATO and CE good diversifiers for each other?
Reasonably. At 0.32, CATO and CE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CATO and CE?
As of 2026-08-27, the correlation of weekly returns between CATO and CE is 0.32 over 3 years, 0.18 over 1 year and 0.29 over 5 years.
Is CE a good diversifier for CATO?
Reasonably. At 0.32, CATO and CE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 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/cato-vs-ce.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cato-vs-ce/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CATO correlations · CE correlations
