CBAT vs CRTO: Correlation
Measured on weekly returns over the past three years, CBAK Energy Technology Limited (CBAT) and Criteo S.A. (CRTO) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBAT and CRTO?
On 3 years of weekly data the CBAT/CRTO correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.35 versus -0.23 over 3 years. The 5-year figure is -0.01, and annualized covariance runs at -605.0 %².
Out of 10 assets tracked against CBAT, CRTO lands near the bottom at #10. The last year tells two different stories: CBAT led by 24.3 percentage points, -6.1% for CBAT against -30.4% for CRTO.
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.
CBAT vs CRTO: side by side
| CBAT (CBAK Energy Technology Limited) | CRTO (Criteo S.A.) | |
|---|---|---|
| 1-year return | -6.1% | -30.4% |
| 5-year return | -73.0% | -55.0% |
| Volatility (ann.) | 60.3% | 44.1% |
| Beta vs S&P 500 | 0.75 | 0.62 |
| Max drawdown (3Y) | -74.1% | -68.1% |
| Market cap | $0.1B | $0.8B |
| P/E (trailing) | – | 8.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBAT | CRTO |
|---|---|---|
| 2022 | -36.5% | -33.0% |
| 2023 | +6.1% | -2.8% |
| 2024 | -10.5% | +56.2% |
| 2025 | -10.6% | -47.9% |
| 2026 | +2.8% | -16.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBAT and CRTO good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between CBAT and CRTO?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.35 over the last year and -0.01 over 5 years.
Is CRTO a good diversifier for CBAT?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 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/cbat-vs-crto.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cbat-vs-crto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CBAT correlations · CRTO correlations
