CMT vs EP: Correlation
Measured on weekly returns over the past three years, Core Molding Technologies Inc (CMT) and Empire Petroleum Corporation (EP) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMT and EP?
Over the past 3 years, CMT and EP moved with a correlation of 0.39, which is moderate. The past 12 months show a weaker link (0.27) than the 3-year average (0.39). Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 1056.7 %².
By 3-year correlation, EP places #7 of the 13 assets tracked against CMT. Correlation aside, the last 12 months split them widely, with CMT ahead by 63.4 points (+30.5% versus -32.9%). Risk is not evenly split, since EP carries 1.7 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.
CMT vs EP: side by side
| CMT (Core Molding Technologies Inc) | EP (Empire Petroleum Corporation) | |
|---|---|---|
| 1-year return | +30.5% | -32.9% |
| 5-year return | +80.4% | -46.4% |
| Volatility (ann.) | 40.3% | 67.0% |
| Beta vs S&P 500 | 0.39 | 1.00 |
| Max drawdown (3Y) | -56.0% | -77.9% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | 29.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMT | EP |
|---|---|---|
| 2022 | +52.6% | +1.9% |
| 2023 | +42.6% | -10.7% |
| 2024 | -10.7% | -30.8% |
| 2025 | +21.2% | -60.0% |
| 2026 | +24.7% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMT and EP good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CMT and EP?
The CMT/EP correlation stands at 0.39 on a 3-year window (1 year: 0.27, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is EP a good diversifier for CMT?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/cmt-vs-ep.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cmt-vs-ep/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CMT correlations · EP correlations
