CMT vs MCFT: Correlation
Measured on weekly returns over the past three years, Core Molding Technologies Inc (CMT) and MasterCraft Boat Holdings, Inc. (MCFT) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMT and MCFT?
Across a 3-year window, the weekly returns of CMT and MCFT correlate at 0.48, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.48 over 3. Stretching to 5 years gives 0.40, with an annualized covariance of 753.0 %².
MCFT is one of the assets that tracks CMT most closely: it ranks #2 out of the 13 assets we track against CMT. The last year tells two different stories: CMT led by 24.9 percentage points, +30.5% for CMT against +5.6% for MCFT.
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 MCFT: side by side
| CMT (Core Molding Technologies Inc) | MCFT (MasterCraft Boat Holdings, Inc.) | |
|---|---|---|
| 1-year return | +30.5% | +5.6% |
| 5-year return | +80.4% | -7.0% |
| Volatility (ann.) | 40.3% | 39.1% |
| Beta vs S&P 500 | 0.39 | 1.03 |
| Max drawdown (3Y) | -56.0% | -41.1% |
| Market cap | $0.2B | $0.6B |
| P/E (trailing) | 29.8 | 36.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMT | MCFT |
|---|---|---|
| 2022 | +52.6% | -8.7% |
| 2023 | +42.6% | -12.5% |
| 2024 | -10.7% | -15.8% |
| 2025 | +21.2% | -0.8% |
| 2026 | +24.7% | +27.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMT and MCFT good diversifiers for each other?
Reasonably. At 0.48, CMT and MCFT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CMT and MCFT?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.44 over the last year and 0.40 over 5 years.
Is MCFT a good diversifier for CMT?
Reasonably. At 0.48, CMT and MCFT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 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/cmt-vs-mcft.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cmt-vs-mcft/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CMT correlations · MCFT correlations
