CETX vs STLA: Correlation
Cemtrex Inc. (CETX) and Stellantis N.V. (STLA) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CETX and STLA?
On 3 years of weekly data the CETX/STLA correlation comes out at 0.35, moderate. Little has changed lately, as the 1-year reading of 0.31 lands near the 3-year figure. The 5-year figure is 0.32, and annualized covariance runs at 2170.6 %².
In CETX's tracked universe of 10 assets, STLA sits right near the top at #1. The last year tells two different stories: STLA led by 54.0 percentage points, -98.5% for CETX against -44.5% for STLA. Note the risk asymmetry: CETX runs 3.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 STLA: side by side
| CETX (Cemtrex Inc.) | STLA (Stellantis N.V.) | |
|---|---|---|
| 1-year return | -98.5% | -44.5% |
| 5-year return | -100.0% | -63.8% |
| Volatility (ann.) | 137.5% | 44.7% |
| Beta vs S&P 500 | 2.29 | 1.33 |
| Max drawdown (3Y) | -100.0% | -80.0% |
| Market cap | – | $19.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CETX | STLA |
|---|---|---|
| 2022 | -84.9% | -18.2% |
| 2023 | +15.4% | +79.2% |
| 2024 | -100.0% | -40.2% |
| 2025 | -94.0% | -9.2% |
| 2026 | -89.5% | -51.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CETX and STLA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CETX and STLA?
As of 2026-08-27, the correlation of weekly returns between CETX and STLA is 0.35 over 3 years, 0.31 over 1 year and 0.32 over 5 years.
Is STLA a good diversifier for CETX?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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-stla.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cetx-vs-stla/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CETX correlations · STLA correlations
