CMCO vs CRNT: Correlation
Columbus McKinnon Corporation (CMCO) and Ceragon Networks Ltd. (CRNT) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMCO and CRNT?
Across a 3-year window, the weekly returns of CMCO and CRNT correlate at 0.45, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.31 versus 0.45 over 3 years. Stretching to 5 years gives 0.40, with an annualized covariance of 1189.3 %².
Among the 15 assets we track against CMCO, CRNT ranks #8 by 3-year correlation. The last year tells two different stories: CMCO led by 16.8 percentage points, +23.3% for CMCO against +6.5% for CRNT.
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.
CMCO vs CRNT: side by side
| CMCO (Columbus McKinnon Corporation) | CRNT (Ceragon Networks Ltd.) | |
|---|---|---|
| 1-year return | +23.3% | +6.5% |
| 5-year return | -58.0% | -45.0% |
| Volatility (ann.) | 50.1% | 52.9% |
| Beta vs S&P 500 | 1.42 | 1.19 |
| Max drawdown (3Y) | -72.8% | -66.4% |
| Market cap | $0.5B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 1.56% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMCO | CRNT |
|---|---|---|
| 2022 | -29.3% | -26.0% |
| 2023 | +21.1% | +13.1% |
| 2024 | -3.9% | +116.2% |
| 2025 | -52.9% | -55.0% |
| 2026 | +7.8% | +1.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMCO and CRNT good diversifiers for each other?
Reasonably. At 0.45, CMCO and CRNT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CMCO and CRNT?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.31 over the last year and 0.40 over 5 years.
Is CRNT a good diversifier for CMCO?
Reasonably. At 0.45, CMCO and CRNT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/cmco-vs-crnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cmco-vs-crnt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CMCO correlations · CRNT correlations
