CECO vs VRSK: Correlation
Measured on weekly returns over the past three years, CECO Environmental Corp. (CECO) and Verisk Analytics (VRSK) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CECO and VRSK?
Over the past 3 years, CECO and VRSK moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.38 versus -0.21 over 3 years. Over 5 years the correlation is -0.02, and the annualized covariance of weekly returns is -287.5 %².
Among the 12 assets we track against CECO, VRSK sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with CECO ahead by 82.1 points (+54.1% versus -28.0%). Note the risk asymmetry: CECO runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 VRSK: side by side
| CECO (CECO Environmental Corp.) | VRSK (Verisk Analytics) | |
|---|---|---|
| 1-year return | +54.1% | -28.0% |
| 5-year return | +853.0% | -1.6% |
| Volatility (ann.) | 54.0% | 25.1% |
| Beta vs S&P 500 | 0.97 | 0.27 |
| Max drawdown (3Y) | -47.9% | -50.8% |
| Market cap | $4.2B | $24.9B |
| P/E (trailing) | – | 28.8 |
| Dividend yield | 0.00% | 1.01% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | CECO | VRSK |
|---|---|---|
| 2022 | +87.5% | -22.3% |
| 2023 | +73.6% | +36.2% |
| 2024 | +49.1% | +16.0% |
| 2025 | +98.0% | -18.2% |
| 2026 | +20.5% | -14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CECO and VRSK good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CECO and VRSK?
The CECO/VRSK correlation stands at -0.21 on a 3-year window (1 year: -0.38, 5 years: -0.02), computed from weekly returns as of 2026-08-27.
Is VRSK a good diversifier for CECO?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/ceco-vs-vrsk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ceco-vs-vrsk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CECO correlations · VRSK correlations
