CMCO vs CTS: Correlation
Columbus McKinnon Corporation (CMCO) and CTS Corporation (CTS) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMCO and CTS?
Over the past 3 years, CMCO and CTS moved with a correlation of 0.59, which is moderate. Little has changed lately, as the 1-year reading of 0.66 lands near the 3-year figure. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 975.3 %².
Few assets follow CMCO as closely as CTS, which ranks #3 of 15 tracked partners. The trailing year gives CTS the advantage: +23.3% versus +35.8%, a 12.5-point spread. Risk is not evenly split, since CMCO carries 1.5 times the volatility of the other side.
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 CTS: side by side
| CMCO (Columbus McKinnon Corporation) | CTS (CTS Corporation) | |
|---|---|---|
| 1-year return | +23.3% | +35.8% |
| 5-year return | -58.0% | +63.4% |
| Volatility (ann.) | 50.1% | 33.0% |
| Beta vs S&P 500 | 1.42 | 1.40 |
| Max drawdown (3Y) | -72.8% | -40.6% |
| Market cap | $0.5B | $1.6B |
| P/E (trailing) | – | 23.8 |
| Dividend yield | 1.56% | 0.28% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMCO | CTS |
|---|---|---|
| 2022 | -29.3% | +7.8% |
| 2023 | +21.1% | +11.4% |
| 2024 | -3.9% | +20.9% |
| 2025 | -52.9% | -18.4% |
| 2026 | +7.8% | +34.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMCO and CTS good diversifiers for each other?
Only partially. A correlation of 0.59 means CMCO and CTS 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 CMCO and CTS?
The CMCO/CTS correlation stands at 0.59 on a 3-year window (1 year: 0.66, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is CTS a good diversifier for CMCO?
Only partially. A correlation of 0.59 means CMCO and CTS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cmco-vs-cts.json
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Related comparisons
Hubs: CMCO correlations · CTS correlations
