CRAI vs CRTO: Correlation
Measured on weekly returns over the past three years, CRA International,Inc. (CRAI) and Criteo S.A. (CRTO) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRAI and CRTO?
Across a 3-year window, the weekly returns of CRAI and CRTO correlate at 0.37, moderate. The past 12 months show a tighter link (0.55) than the 3-year average (0.37). Stretching to 5 years gives 0.25, with an annualized covariance of 585.9 %².
By 3-year correlation, CRTO places #7 of the 12 assets tracked against CRAI. Correlation aside, the last 12 months split them widely, with CRAI ahead by 17.7 points (-12.7% versus -30.4%).
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.
CRAI vs CRTO: side by side
| CRAI (CRA International,Inc.) | CRTO (Criteo S.A.) | |
|---|---|---|
| 1-year return | -12.7% | -30.4% |
| 5-year return | +97.4% | -55.0% |
| Volatility (ann.) | 36.2% | 44.1% |
| Beta vs S&P 500 | 0.74 | 0.62 |
| Max drawdown (3Y) | -38.1% | -68.1% |
| Market cap | $1.1B | $0.8B |
| P/E (trailing) | 22.7 | 8.7 |
| Dividend yield | 1.29% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRAI | CRTO |
|---|---|---|
| 2022 | +32.9% | -33.0% |
| 2023 | -18.1% | -2.8% |
| 2024 | +91.4% | +56.2% |
| 2025 | +8.4% | -47.9% |
| 2026 | -13.2% | -16.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRAI and CRTO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRAI and CRTO?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.55 over the last year and 0.25 over 5 years.
Is CRTO a good diversifier for CRAI?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/crai-vs-crto.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crai-vs-crto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRAI correlations · CRTO correlations
