CETX vs SRRK: Correlation
Measured on weekly returns over the past three years, Cemtrex Inc. (CETX) and Scholar Rock Holding Corporation (SRRK) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CETX and SRRK?
Over the past 3 years, CETX and SRRK moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.01) runs above the 3-year figure (-0.26). Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -5926.0 %².
Out of 10 assets tracked against CETX, SRRK lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with SRRK ahead by 170.4 points (-98.5% versus +71.9%).
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 SRRK: side by side
| CETX (Cemtrex Inc.) | SRRK (Scholar Rock Holding Corporation) | |
|---|---|---|
| 1-year return | -98.5% | +71.9% |
| 5-year return | -100.0% | +54.0% |
| Volatility (ann.) | 137.5% | 164.2% |
| Beta vs S&P 500 | 2.29 | 1.48 |
| Max drawdown (3Y) | -100.0% | -65.2% |
| Market cap | – | $7.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CETX | SRRK |
|---|---|---|
| 2022 | -84.9% | -63.6% |
| 2023 | +15.4% | +107.7% |
| 2024 | -100.0% | +129.9% |
| 2025 | -94.0% | +1.9% |
| 2026 | -89.5% | +34.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CETX and SRRK good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CETX and SRRK?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.01 over the last year and -0.16 over 5 years.
Is SRRK a good diversifier for CETX?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/cetx-vs-srrk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cetx-vs-srrk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CETX correlations · SRRK correlations
