CPHC vs LPG: Correlation
How closely do Canterbury Park Holding Corporation (CPHC) and Dorian LPG Ltd. (LPG) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPHC and LPG?
On 3 years of weekly data the CPHC/LPG correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. The 5-year figure is -0.19, and annualized covariance runs at -333.2 %².
Among the 13 assets we track against CPHC, LPG sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months LPG outperformed by 71.6 percentage points (-3.3% for CPHC against +68.3% for LPG). One caveat on sizing: LPG is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 LPG: side by side
| CPHC (Canterbury Park Holding Corporation) | LPG (Dorian LPG Ltd.) | |
|---|---|---|
| 1-year return | -3.3% | +68.3% |
| 5-year return | +6.8% | +725.0% |
| Volatility (ann.) | 28.1% | 47.1% |
| Beta vs S&P 500 | 0.10 | 0.96 |
| Max drawdown (3Y) | -48.8% | -62.9% |
| Market cap | $0.1B | $2.1B |
| P/E (trailing) | 793.5 | 6.4 |
| Dividend yield | 1.76% | 6.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPHC | LPG |
|---|---|---|
| 2022 | +83.8% | +109.6% |
| 2023 | -33.8% | +171.4% |
| 2024 | +1.7% | -37.8% |
| 2025 | -23.6% | +9.8% |
| 2026 | +4.0% | +116.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPHC and LPG good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CPHC and LPG?
As of 2026-08-27, the correlation of weekly returns between CPHC and LPG is -0.25 over 3 years, -0.24 over 1 year and -0.19 over 5 years.
Is LPG a good diversifier for CPHC?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 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/cphc-vs-lpg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cphc-vs-lpg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CPHC correlations · LPG correlations
