CPHC vs KODK: Correlation
Measured on weekly returns over the past three years, Canterbury Park Holding Corporation (CPHC) and Eastman Kodak Company Common New (KODK) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPHC and KODK?
Over the past 3 years, CPHC and KODK moved with a correlation of 0.34, which is moderate. The past 12 months show a weaker link (0.24) than the 3-year average (0.34). Over 5 years the correlation is 0.05, and the annualized covariance of weekly returns is 654.5 %².
Few assets follow CPHC as closely as KODK, which ranks #3 of 13 tracked partners. The last year tells two different stories: KODK led by 64.9 percentage points, -3.3% for CPHC against +61.6% for KODK. Note the risk asymmetry: KODK runs 2.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 KODK: side by side
| CPHC (Canterbury Park Holding Corporation) | KODK (Eastman Kodak Company Common New) | |
|---|---|---|
| 1-year return | -3.3% | +61.6% |
| 5-year return | +6.8% | +31.0% |
| Volatility (ann.) | 28.1% | 68.0% |
| Beta vs S&P 500 | 0.10 | 1.59 |
| Max drawdown (3Y) | -48.8% | -47.2% |
| Market cap | $0.1B | $0.9B |
| P/E (trailing) | 793.5 | – |
| Dividend yield | 1.76% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPHC | KODK |
|---|---|---|
| 2022 | +83.8% | -34.8% |
| 2023 | -33.8% | +27.9% |
| 2024 | +1.7% | +68.5% |
| 2025 | -23.6% | +28.8% |
| 2026 | +4.0% | +11.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPHC and KODK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CPHC and KODK?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.24 over the last year and 0.05 over 5 years.
Is KODK a good diversifier for CPHC?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cphc-vs-kodk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cphc-vs-kodk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CPHC correlations · KODK correlations
