CENTA vs KMT: Correlation
Central Garden & Pet Company (CENTA) and Kennametal Inc. (KMT) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CENTA and KMT?
Across a 3-year window, the weekly returns of CENTA and KMT correlate at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. Stretching to 5 years gives 0.49, with an annualized covariance of 495.8 %².
Among the 13 assets we track against CENTA, KMT ranks #6 by 3-year correlation. The last year tells two different stories: KMT led by 27.8 percentage points, +15.5% for CENTA against +43.3% for KMT.
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.
CENTA vs KMT: side by side
| CENTA (Central Garden & Pet Company) | KMT (Kennametal Inc.) | |
|---|---|---|
| 1-year return | +15.5% | +43.3% |
| 5-year return | +10.9% | -6.6% |
| Volatility (ann.) | 28.2% | 33.9% |
| Beta vs S&P 500 | 0.42 | 0.73 |
| Max drawdown (3Y) | -35.7% | -42.9% |
| Market cap | $2.4B | $2.3B |
| P/E (trailing) | 14.2 | 6.8 |
| Dividend yield | 0.00% | 2.67% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CENTA | KMT |
|---|---|---|
| 2022 | -25.2% | -31.0% |
| 2023 | +23.0% | +10.5% |
| 2024 | -6.2% | -3.9% |
| 2025 | -11.7% | +22.6% |
| 2026 | +29.2% | +8.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CENTA and KMT good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CENTA and KMT?
As of 2026-08-27, the correlation of weekly returns between CENTA and KMT is 0.52 over 3 years, 0.55 over 1 year and 0.49 over 5 years.
Is KMT a good diversifier for CENTA?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
A reading of 0.52 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/centa-vs-kmt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/centa-vs-kmt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CENTA correlations · KMT correlations
