CETX vs TD: Correlation
Measured on weekly returns over the past three years, Cemtrex Inc. (CETX) and Toronto Dominion Bank (The) (TD) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CETX and TD?
On 3 years of weekly data the CETX/TD correlation comes out at 0.32, moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. The 5-year figure is 0.22, and annualized covariance runs at 842.8 %².
By 3-year correlation, TD places #5 of the 10 assets tracked against CETX. Correlation aside, the last 12 months split them widely, with TD ahead by 159.9 points (-98.5% versus +61.4%). Note the risk asymmetry: CETX runs 7.2 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 TD: side by side
| CETX (Cemtrex Inc.) | TD (Toronto Dominion Bank (The)) | |
|---|---|---|
| 1-year return | -98.5% | +61.4% |
| 5-year return | -100.0% | +124.4% |
| Volatility (ann.) | 137.5% | 19.1% |
| Beta vs S&P 500 | 2.29 | 0.59 |
| Max drawdown (3Y) | -100.0% | -19.2% |
| Market cap | – | $198.4B |
| P/E (trailing) | – | 19.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CETX | TD |
|---|---|---|
| 2022 | -84.9% | -12.2% |
| 2023 | +15.4% | +4.6% |
| 2024 | -100.0% | -13.4% |
| 2025 | -94.0% | +83.6% |
| 2026 | -89.5% | +30.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CETX and TD good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CETX and TD?
As of 2026-08-27, the correlation of weekly returns between CETX and TD is 0.32 over 3 years, 0.38 over 1 year and 0.22 over 5 years.
Is TD a good diversifier for CETX?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
A reading of 0.32 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/cetx-vs-td.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cetx-vs-td/)
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Related comparisons
Hubs: CETX correlations · TD correlations
