CENX vs TGB: Correlation
Century Aluminum Company (CENX) and Trekor Metals Limited (TGB) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CENX and TGB?
On 3 years of weekly data the CENX/TGB correlation comes out at 0.54, moderate. The past 12 months show a weaker link (0.31) than the 3-year average (0.54). The 5-year figure is 0.56, and annualized covariance runs at 2263.7 %².
TGB is one of the assets that tracks CENX most closely: it ranks #3 out of the 12 assets we track against CENX. The last year tells two different stories: TGB led by 102.2 percentage points, +102.2% for CENX against +204.4% for TGB.
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.
CENX vs TGB: side by side
| CENX (Century Aluminum Company) | TGB (Trekor Metals Limited) | |
|---|---|---|
| 1-year return | +102.2% | +204.4% |
| 5-year return | +270.4% | +450.0% |
| Volatility (ann.) | 67.1% | 62.1% |
| Beta vs S&P 500 | 2.12 | 1.89 |
| Max drawdown (3Y) | -42.8% | -44.3% |
| Market cap | $4.5B | $3.5B |
| P/E (trailing) | 7.9 | 484.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CENX | TGB |
|---|---|---|
| 2022 | -50.6% | -28.3% |
| 2023 | +48.4% | -4.8% |
| 2024 | +50.1% | +38.6% |
| 2025 | +115.0% | +191.8% |
| 2026 | +17.1% | +71.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CENX and TGB good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CENX and TGB?
As of 2026-08-27, the correlation of weekly returns between CENX and TGB is 0.54 over 3 years, 0.31 over 1 year and 0.56 over 5 years.
Is TGB a good diversifier for CENX?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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/cenx-vs-tgb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cenx-vs-tgb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CENX correlations · TGB correlations
