CPRT vs SUNE: Correlation
Copart (CPRT) and SUNation Energy, Inc. (SUNE) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPRT and SUNE?
On 3 years of weekly data the CPRT/SUNE correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.30) than the 3-year average (-0.17). The 5-year figure is -0.03, and annualized covariance runs at -850.7 %².
Among the 35 assets we track against CPRT, SUNE ranks #30 by 3-year correlation. The last year tells two different stories: SUNE led by 79.3 percentage points, -32.6% for CPRT against +46.7% for SUNE. Note the risk asymmetry: SUNE runs 7.3 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.
CPRT vs SUNE: side by side
| CPRT (Copart) | SUNE (SUNation Energy, Inc.) | |
|---|---|---|
| 1-year return | -32.6% | +46.7% |
| 5-year return | -9.3% | -100.0% |
| Volatility (ann.) | 26.0% | 189.9% |
| Beta vs S&P 500 | 0.86 | -0.81 |
| Max drawdown (3Y) | -57.4% | -100.0% |
| Market cap | $30.3B | – |
| P/E (trailing) | 20.2 | 1.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CPRT | SUNE |
|---|---|---|
| 2022 | -19.7% | -75.7% |
| 2023 | +60.9% | -74.7% |
| 2024 | +17.1% | -99.4% |
| 2025 | -31.8% | -99.8% |
| 2026 | -16.3% | +113.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPRT and SUNE good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between CPRT and SUNE?
As of 2026-08-27, the correlation of weekly returns between CPRT and SUNE is -0.17 over 3 years, -0.30 over 1 year and -0.03 over 5 years.
Is SUNE a good diversifier for CPRT?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
A reading of -0.17 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/cprt-vs-sune.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cprt-vs-sune/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CPRT correlations · SUNE correlations
