CPHC vs ITRI: Correlation
How closely do Canterbury Park Holding Corporation (CPHC) and Itron, Inc. (ITRI) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPHC and ITRI?
Across a 3-year window, the weekly returns of CPHC and ITRI correlate at 0.31, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.09 versus 0.31 over 3 years. Stretching to 5 years gives 0.01, with an annualized covariance of 334.4 %².
Within CPHC's tracked universe of 13 assets, ITRI comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CPHC outperformed by 16.6 percentage points (-3.3% for CPHC against -19.9% for ITRI).
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.
CPHC vs ITRI: side by side
| CPHC (Canterbury Park Holding Corporation) | ITRI (Itron, Inc.) | |
|---|---|---|
| 1-year return | -3.3% | -19.9% |
| 5-year return | +6.8% | +17.0% |
| Volatility (ann.) | 28.1% | 38.9% |
| Beta vs S&P 500 | 0.10 | 1.14 |
| Max drawdown (3Y) | -48.8% | -43.6% |
| Market cap | $0.1B | $4.3B |
| P/E (trailing) | 793.5 | 16.5 |
| Dividend yield | 1.76% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPHC | ITRI |
|---|---|---|
| 2022 | +83.8% | -26.1% |
| 2023 | -33.8% | +49.1% |
| 2024 | +1.7% | +43.8% |
| 2025 | -23.6% | -14.5% |
| 2026 | +4.0% | +6.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPHC and ITRI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CPHC and ITRI?
As of 2026-08-27, the correlation of weekly returns between CPHC and ITRI is 0.31 over 3 years, 0.09 over 1 year and 0.01 over 5 years.
Is ITRI a good diversifier for CPHC?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 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/cphc-vs-itri.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cphc-vs-itri/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CPHC correlations · ITRI correlations
