CET vs GPN: Correlation
Central Securities Corporation (CET) and Global Payments (GPN) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CET and GPN?
Over the past 3 years, CET and GPN moved with a correlation of 0.55, which is moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 250.8 %².
By 3-year correlation, GPN places #17 of the 38 assets tracked against CET. Over the last 12 months CET came out ahead by 8.7 percentage points (+15.7% against +7.0%). Risk is not evenly split, since GPN carries 2.8 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.
CET vs GPN: side by side
| CET (Central Securities Corporation) | GPN (Global Payments) | |
|---|---|---|
| 1-year return | +15.7% | +7.0% |
| 5-year return | +73.3% | -39.6% |
| Volatility (ann.) | 12.8% | 35.9% |
| Beta vs S&P 500 | 0.78 | 1.22 |
| Max drawdown (3Y) | -15.4% | -54.0% |
| Market cap | – | $24.5B |
| P/E (trailing) | 7.3 | 44.0 |
| Dividend yield | 5.03% | 1.08% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | CET | GPN |
|---|---|---|
| 2022 | -19.7% | -25.9% |
| 2023 | +19.2% | +29.0% |
| 2024 | +26.8% | -11.0% |
| 2025 | +17.2% | -30.1% |
| 2026 | +8.3% | +20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CET and GPN good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CET and GPN?
The CET/GPN correlation stands at 0.55 on a 3-year window (1 year: 0.46, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is GPN a good diversifier for CET?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 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/cet-vs-gpn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cet-vs-gpn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CET correlations · GPN correlations
