CIGI vs STN: Correlation
How closely do Colliers International Group Inc. - Subordinate Voting (CIGI) and Stantec Inc (STN) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIGI and STN?
Over the past 3 years, CIGI and STN moved with a correlation of 0.50, which is moderate. The past 12 months show a tighter link (0.70) than the 3-year average (0.50). Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 366.2 %².
Within CIGI's tracked universe of 14 assets, STN comes in at #9 by 3-year correlation. The trailing year gives STN the advantage: -37.9% versus -31.4%, a 6.5-point spread.
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.
CIGI vs STN: side by side
| CIGI (Colliers International Group Inc. - Subordinate Voting) | STN (Stantec Inc) | |
|---|---|---|
| 1-year return | -37.9% | -31.4% |
| 5-year return | -24.2% | +62.2% |
| Volatility (ann.) | 30.6% | 24.1% |
| Beta vs S&P 500 | 0.98 | 0.70 |
| Max drawdown (3Y) | -47.5% | -41.0% |
| Market cap | $5.3B | $8.4B |
| P/E (trailing) | 48.8 | 23.6 |
| Dividend yield | 0.29% | 1.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIGI | STN |
|---|---|---|
| 2022 | -37.9% | -13.8% |
| 2023 | +37.8% | +68.8% |
| 2024 | +7.7% | -1.4% |
| 2025 | +8.4% | +20.7% |
| 2026 | -29.8% | -20.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIGI and STN good diversifiers for each other?
Only partially. A correlation of 0.50 means CIGI and STN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CIGI and STN?
The CIGI/STN correlation stands at 0.50 on a 3-year window (1 year: 0.70, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is STN a good diversifier for CIGI?
Only partially. A correlation of 0.50 means CIGI and STN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 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/cigi-vs-stn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cigi-vs-stn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CIGI correlations · STN correlations
