CET vs KARO: Correlation
Central Securities Corporation (CET) and Karooooo Ltd. (KARO) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CET and KARO?
Across a 3-year window, the weekly returns of CET and KARO correlate at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. Stretching to 5 years gives 0.39, with an annualized covariance of 208.2 %².
By 3-year correlation, KARO places #30 of the 38 assets tracked against CET. Their recent paths diverged sharply: over the last 12 months KARO outperformed by 17.3 percentage points (+15.7% for CET against +33.0% for KARO). Risk is not evenly split, since KARO carries 3.0 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 KARO: side by side
| CET (Central Securities Corporation) | KARO (Karooooo Ltd.) | |
|---|---|---|
| 1-year return | +15.7% | +33.0% |
| 5-year return | +73.3% | +131.7% |
| Volatility (ann.) | 12.8% | 39.0% |
| Beta vs S&P 500 | 0.78 | 1.10 |
| Max drawdown (3Y) | -15.4% | -32.3% |
| Market cap | – | $2.1B |
| P/E (trailing) | 7.3 | 30.9 |
| Dividend yield | 5.03% | 33.69% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CET | KARO |
|---|---|---|
| 2022 | -19.7% | -41.5% |
| 2023 | +19.2% | +8.0% |
| 2024 | +26.8% | +91.5% |
| 2025 | +17.2% | +3.5% |
| 2026 | +8.3% | +50.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CET and KARO good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CET and KARO?
The CET/KARO correlation stands at 0.42 on a 3-year window (1 year: 0.32, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is KARO a good diversifier for CET?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
A reading of 0.42 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-karo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cet-vs-karo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CET correlations · KARO correlations
