CNP vs RPD: Correlation
Measured on weekly returns over the past three years, CenterPoint Energy (CNP) and Rapid7, Inc. (RPD) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNP and RPD?
On 3 years of weekly data the CNP/RPD correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.33) runs below the 3-year figure (-0.19). The 5-year figure is -0.01, and annualized covariance runs at -184.2 %².
Among the 28 assets we track against CNP, RPD ranks #22 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CNP outperformed by 41.2 percentage points (+6.5% for CNP against -34.7% for RPD). Risk is not evenly split, since RPD carries 3.3 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.
CNP vs RPD: side by side
| CNP (CenterPoint Energy) | RPD (Rapid7, Inc.) | |
|---|---|---|
| 1-year return | +6.5% | -34.7% |
| 5-year return | +75.6% | -88.9% |
| Volatility (ann.) | 17.2% | 56.3% |
| Beta vs S&P 500 | 0.12 | 1.42 |
| Max drawdown (3Y) | -18.1% | -91.8% |
| Market cap | $25.9B | $0.9B |
| P/E (trailing) | 23.5 | 37.5 |
| Dividend yield | 2.27% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | CNP | RPD |
|---|---|---|
| 2022 | +10.0% | -71.1% |
| 2023 | -2.1% | +68.0% |
| 2024 | +14.3% | -29.5% |
| 2025 | +23.7% | -62.2% |
| 2026 | +4.2% | -11.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNP and RPD good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between CNP and RPD?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.33 over the last year and -0.01 over 5 years.
Is RPD a good diversifier for CNP?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 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/cnp-vs-rpd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cnp-vs-rpd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CNP correlations · RPD correlations
