CBT vs PNTG: Correlation
Measured on weekly returns over the past three years, Cabot Corporation (CBT) and The Pennant Group, Inc. (PNTG) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBT and PNTG?
Across a 3-year window, the weekly returns of CBT and PNTG correlate at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.33 lands near the 3-year figure. Stretching to 5 years gives 0.33, with an annualized covariance of 411.5 %².
Out of 15 assets tracked against CBT, PNTG lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with PNTG ahead by 48.7 points (+5.7% versus +54.4%).
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 PNTG: side by side
| CBT (Cabot Corporation) | PNTG (The Pennant Group, Inc.) | |
|---|---|---|
| 1-year return | +5.7% | +54.4% |
| 5-year return | +73.1% | +30.0% |
| Volatility (ann.) | 28.5% | 34.4% |
| Beta vs S&P 500 | 0.84 | 0.71 |
| Max drawdown (3Y) | -48.8% | -40.2% |
| Market cap | $4.4B | $1.3B |
| P/E (trailing) | 23.7 | 42.0 |
| Dividend yield | 2.16% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBT | PNTG |
|---|---|---|
| 2022 | +21.4% | -52.4% |
| 2023 | +27.6% | +26.8% |
| 2024 | +11.3% | +90.5% |
| 2025 | -25.7% | +6.1% |
| 2026 | +29.1% | +34.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBT and PNTG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CBT and PNTG?
The CBT/PNTG correlation stands at 0.42 on a 3-year window (1 year: 0.33, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is PNTG a good diversifier for CBT?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 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/cbt-vs-pntg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cbt-vs-pntg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CBT correlations · PNTG correlations
