CDTG vs CPS: Correlation
CDT Environmental Technology Investment Holdings Limited (CDTG) and Cooper-Standard Holdings Inc. (CPS) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDTG and CPS?
On 3 years of weekly data the CDTG/CPS correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -2659.2 %².
Among the 34 assets we track against CDTG, CPS ranks #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CPS outperformed by 66.8 percentage points (-92.6% for CDTG against -25.8% for CPS). Risk is not evenly split, since CDTG carries 2.2 times the volatility of the other side.
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.
CDTG vs CPS: side by side
| CDTG (CDT Environmental Technology Investment Holdings Limited) | CPS (Cooper-Standard Holdings Inc.) | |
|---|---|---|
| 1-year return | -92.6% | -25.8% |
| 5-year return | n/a | +15.8% |
| Volatility (ann.) | 160.6% | 72.2% |
| Beta vs S&P 500 | 0.42 | 1.75 |
| Max drawdown (3Y) | -99.2% | -45.2% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDTG | CPS |
|---|---|---|
| 2022 | – | -59.6% |
| 2023 | – | +115.7% |
| 2024 | – | -30.6% |
| 2025 | -92.2% | +142.1% |
| 2026 | -87.0% | -19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDTG and CPS good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CDTG and CPS?
The CDTG/CPS correlation stands at -0.24 on a 3-year window (1 year: -0.25, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is CPS a good diversifier for CDTG?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 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/cdtg-vs-cps.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cdtg-vs-cps/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CDTG correlations · CPS correlations
