CPSH vs UDR: Correlation
How closely do CPS Technologies Corp. (CPSH) and UDR, Inc. (UDR) trade together? Their weekly returns over three years give a correlation of -0.15, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPSH and UDR?
On 3 years of weekly data the CPSH/UDR correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.02 versus -0.15 over 3 years. The 5-year figure is -0.02, and annualized covariance runs at -253.1 %².
Among the 18 assets we track against CPSH, UDR ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CPSH ahead by 15.9 points (+15.3% versus -0.6%). One caveat on sizing: CPSH is 3.7 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.
CPSH vs UDR: side by side
| CPSH (CPS Technologies Corp.) | UDR (UDR, Inc.) | |
|---|---|---|
| 1-year return | +15.3% | -0.6% |
| 5-year return | -32.8% | -15.5% |
| Volatility (ann.) | 78.3% | 21.1% |
| Beta vs S&P 500 | 0.50 | 0.54 |
| Max drawdown (3Y) | -69.7% | -24.9% |
| Market cap | $0.1B | $13.6B |
| P/E (trailing) | 392.0 | 23.9 |
| Dividend yield | 0.00% | 4.56% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | CPSH | UDR |
|---|---|---|
| 2022 | -29.0% | -33.4% |
| 2023 | -12.6% | +3.1% |
| 2024 | -31.5% | +18.3% |
| 2025 | +91.9% | -11.8% |
| 2026 | +26.9% | +4.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPSH and UDR good diversifiers for each other?
Yes. With a correlation of -0.15, CPSH and UDR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CPSH and UDR?
As of 2026-08-27, the correlation of weekly returns between CPSH and UDR is -0.15 over 3 years, -0.02 over 1 year and -0.02 over 5 years.
Is UDR a good diversifier for CPSH?
Yes. With a correlation of -0.15, CPSH and UDR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.15 mean?
On the −1 to +1 scale, -0.15 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
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Related comparisons
Hubs: CPSH correlations · UDR correlations
