CPF vs OPLN: Correlation
Measured on weekly returns over the past three years, Central Pacific Financial Corp New (CPF) and OPENLANE, Inc. (OPLN) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPF and OPLN?
On 3 years of weekly data the CPF/OPLN correlation comes out at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 467.4 %².
Within CPF's tracked universe of 19 assets, OPLN comes in at #10 by 3-year correlation. Twelve-month performance is nearly a tie, at +24.4% for CPF and +22.0% for OPLN.
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.
CPF vs OPLN: side by side
| CPF (Central Pacific Financial Corp New) | OPLN (OPENLANE, Inc.) | |
|---|---|---|
| 1-year return | +24.4% | +22.0% |
| 5-year return | +85.5% | +111.4% |
| Volatility (ann.) | 26.5% | 33.5% |
| Beta vs S&P 500 | 0.84 | 1.02 |
| Max drawdown (3Y) | -25.2% | -22.1% |
| Market cap | $1.0B | $4.3B |
| P/E (trailing) | 12.2 | – |
| Dividend yield | 2.97% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPF | OPLN |
|---|---|---|
| 2022 | -24.7% | -16.5% |
| 2023 | +2.9% | +13.5% |
| 2024 | +54.3% | +34.0% |
| 2025 | +11.3% | +50.1% |
| 2026 | +23.5% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPF and OPLN good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CPF and OPLN?
The CPF/OPLN correlation stands at 0.53 on a 3-year window (1 year: 0.52, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is OPLN a good diversifier for CPF?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 mean?
A reading of 0.53 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/cpf-vs-opln.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpf-vs-opln/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CPF correlations · OPLN correlations
