CBT vs LEGH: Correlation
Cabot Corporation (CBT) and Legacy Housing Corporation (LEGH) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBT and LEGH?
On 3 years of weekly data the CBT/LEGH correlation comes out at 0.55, moderate. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. The 5-year figure is 0.41, and annualized covariance runs at 542.0 %².
By 3-year correlation, LEGH places #6 of the 15 assets tracked against CBT. Twelve-month performance is nearly a tie, at +5.7% for CBT and +1.6% for LEGH.
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.
CBT vs LEGH: side by side
| CBT (Cabot Corporation) | LEGH (Legacy Housing Corporation) | |
|---|---|---|
| 1-year return | +5.7% | +1.6% |
| 5-year return | +73.1% | +49.1% |
| Volatility (ann.) | 28.5% | 34.8% |
| Beta vs S&P 500 | 0.84 | 0.84 |
| Max drawdown (3Y) | -48.8% | -34.9% |
| Market cap | $4.4B | $0.7B |
| P/E (trailing) | 23.7 | 13.2 |
| Dividend yield | 2.16% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBT | LEGH |
|---|---|---|
| 2022 | +21.4% | -28.4% |
| 2023 | +27.6% | +33.0% |
| 2024 | +11.3% | -2.1% |
| 2025 | -25.7% | -20.9% |
| 2026 | +29.1% | +45.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBT and LEGH good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CBT and LEGH?
As of 2026-08-27, the correlation of weekly returns between CBT and LEGH is 0.55 over 3 years, 0.59 over 1 year and 0.41 over 5 years.
Is LEGH a good diversifier for CBT?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 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/cbt-vs-legh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cbt-vs-legh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CBT correlations · LEGH correlations
