CMTL vs CPSH: Correlation
Measured on weekly returns over the past three years, Comtech Telecommunications Corp. (CMTL) and CPS Technologies Corp. (CPSH) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMTL and CPSH?
Across a 3-year window, the weekly returns of CMTL and CPSH correlate at 0.33, moderate. The link has tightened recently: the 1-year correlation (0.46) runs above the 3-year figure (0.33). Stretching to 5 years gives 0.27, with an annualized covariance of 2560.5 %².
By 3-year correlation, CPSH places #5 of the 11 assets tracked against CMTL. Their recent paths diverged sharply: over the last 12 months CPSH outperformed by 28.7 percentage points (-13.4% for CMTL against +15.3% for CPSH).
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.
CMTL vs CPSH: side by side
| CMTL (Comtech Telecommunications Corp.) | CPSH (CPS Technologies Corp.) | |
|---|---|---|
| 1-year return | -13.4% | +15.3% |
| 5-year return | -92.9% | -32.8% |
| Volatility (ann.) | 100.4% | 78.3% |
| Beta vs S&P 500 | 1.44 | 0.50 |
| Max drawdown (3Y) | -90.2% | -69.7% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | 392.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMTL | CPSH |
|---|---|---|
| 2022 | -47.1% | -29.0% |
| 2023 | -30.0% | -12.6% |
| 2024 | -52.4% | -31.5% |
| 2025 | +31.9% | +91.9% |
| 2026 | -66.9% | +26.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMTL and CPSH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CMTL and CPSH?
As of 2026-08-27, the correlation of weekly returns between CMTL and CPSH is 0.33 over 3 years, 0.46 over 1 year and 0.27 over 5 years.
Is CPSH a good diversifier for CMTL?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 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/cmtl-vs-cpsh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cmtl-vs-cpsh/)
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Related comparisons
Hubs: CMTL correlations · CPSH correlations
