CDRO vs TRAK: Correlation
How closely do Codere Online Luxembourg, S.A. (CDRO) and ReposiTrak, Inc. (TRAK) 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 CDRO and TRAK?
On 3 years of weekly data the CDRO/TRAK correlation comes out at 0.32, moderate. The link has loosened recently: the 1-year correlation (-0.04) runs below the 3-year figure (0.32). The 5-year figure is 0.20, and annualized covariance runs at 604.2 %².
Among the 10 assets we track against CDRO, TRAK ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CDRO ahead by 59.1 points (+8.6% versus -50.5%).
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.
CDRO vs TRAK: side by side
| CDRO (Codere Online Luxembourg, S.A.) | TRAK (ReposiTrak, Inc.) | |
|---|---|---|
| 1-year return | +8.6% | -50.5% |
| 5-year return | -9.1% | +52.8% |
| Volatility (ann.) | 44.5% | 42.1% |
| Beta vs S&P 500 | 0.65 | 1.30 |
| Max drawdown (3Y) | -37.6% | -71.0% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | 225.0 | 21.5 |
| Dividend yield | 0.00% | 0.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDRO | TRAK |
|---|---|---|
| 2022 | -57.1% | -14.4% |
| 2023 | +14.0% | +104.2% |
| 2024 | +119.4% | +122.0% |
| 2025 | +24.5% | -43.8% |
| 2026 | +12.1% | -35.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDRO and TRAK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CDRO and TRAK?
The CDRO/TRAK correlation stands at 0.32 on a 3-year window (1 year: -0.04, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is TRAK a good diversifier for CDRO?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/cdro-vs-trak.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cdro-vs-trak/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CDRO correlations · TRAK correlations
