CECO vs ROG: Correlation
CECO Environmental Corp. (CECO) and Rogers Corporation (ROG) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CECO and ROG?
Over the past 3 years, CECO and ROG moved with a correlation of 0.47, which is moderate. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 878.1 %².
Few assets follow CECO as closely as ROG, which ranks #3 of 12 tracked partners. On 12-month performance ROG holds a 8.7-point edge, +54.1% against +62.8%. Risk is not evenly split, since CECO carries 1.6 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.
CECO vs ROG: side by side
| CECO (CECO Environmental Corp.) | ROG (Rogers Corporation) | |
|---|---|---|
| 1-year return | +54.1% | +62.8% |
| 5-year return | +853.0% | -39.5% |
| Volatility (ann.) | 54.0% | 34.4% |
| Beta vs S&P 500 | 0.97 | 1.02 |
| Max drawdown (3Y) | -47.9% | -64.0% |
| Market cap | $4.2B | $2.3B |
| P/E (trailing) | – | 74.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CECO | ROG |
|---|---|---|
| 2022 | +87.5% | -56.3% |
| 2023 | +73.6% | +10.7% |
| 2024 | +49.1% | -23.1% |
| 2025 | +98.0% | -9.9% |
| 2026 | +20.5% | +41.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CECO and ROG good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CECO and ROG?
As of 2026-08-27, the correlation of weekly returns between CECO and ROG is 0.47 over 3 years, 0.56 over 1 year and 0.31 over 5 years.
Is ROG a good diversifier for CECO?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
A reading of 0.47 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/ceco-vs-rog.json
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Related comparisons
Hubs: CECO correlations · ROG correlations
