CETX vs PRDO: Correlation
Measured on weekly returns over the past three years, Cemtrex Inc. (CETX) and Perdoceo Education Corporation (PRDO) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CETX and PRDO?
Over the past 3 years, CETX and PRDO moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.17 lands near the 3-year figure. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -1160.8 %².
Out of 10 assets tracked against CETX, PRDO lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months PRDO outperformed by 103.4 percentage points (-98.5% for CETX against +4.9% for PRDO). One caveat on sizing: CETX is 3.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CETX vs PRDO: side by side
| CETX (Cemtrex Inc.) | PRDO (Perdoceo Education Corporation) | |
|---|---|---|
| 1-year return | -98.5% | +4.9% |
| 5-year return | -100.0% | +228.8% |
| Volatility (ann.) | 137.5% | 36.8% |
| Beta vs S&P 500 | 2.29 | 0.42 |
| Max drawdown (3Y) | -100.0% | -27.2% |
| Market cap | – | $2.1B |
| P/E (trailing) | – | 12.2 |
| Dividend yield | 0.00% | 1.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CETX | PRDO |
|---|---|---|
| 2022 | -84.9% | +18.2% |
| 2023 | +15.4% | +28.0% |
| 2024 | -100.0% | +54.0% |
| 2025 | -94.0% | +12.9% |
| 2026 | -89.5% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CETX and PRDO good diversifiers for each other?
Yes. With a correlation of -0.23, CETX and PRDO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CETX and PRDO?
As of 2026-08-27, the correlation of weekly returns between CETX and PRDO is -0.23 over 3 years, -0.17 over 1 year and -0.12 over 5 years.
Is PRDO a good diversifier for CETX?
Yes. With a correlation of -0.23, CETX and PRDO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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
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Related comparisons
Hubs: CETX correlations · PRDO correlations
