CR vs PH: Correlation
Crane Company (CR) and Parker Hannifin (PH) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CR and PH?
Across a 3-year window, the weekly returns of CR and PH correlate at 0.65, strong. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 537.5 %².
By 3-year correlation, PH places #4 of the 17 assets tracked against CR. Correlation aside, the last 12 months split them widely, with PH ahead by 24.4 points (+8.4% versus +32.8%).
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.
CR vs PH: side by side
| CR (Crane Company) | PH (Parker Hannifin) | |
|---|---|---|
| 1-year return | +8.4% | +32.8% |
| 5-year return | n/a | +256.4% |
| Volatility (ann.) | 31.2% | 26.6% |
| Beta vs S&P 500 | 1.13 | 1.16 |
| Max drawdown (3Y) | -28.0% | -26.8% |
| Market cap | $12.1B | $127.5B |
| P/E (trailing) | 36.6 | 36.5 |
| Dividend yield | 0.46% | 0.71% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | CR | PH |
|---|---|---|
| 2022 | – | -6.9% |
| 2023 | – | +60.8% |
| 2024 | +29.2% | +39.6% |
| 2025 | +22.2% | +39.5% |
| 2026 | +13.6% | +15.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CR and PH good diversifiers for each other?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CR and PH?
As of 2026-08-27, the correlation of weekly returns between CR and PH is 0.65 over 3 years, 0.62 over 1 year and n/a over 5 years.
Is PH a good diversifier for CR?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.65 mean?
A reading of 0.65 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/cr-vs-ph.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cr-vs-ph/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CR correlations · PH correlations
