CRAI vs EXPO: Correlation
Measured on weekly returns over the past three years, CRA International,Inc. (CRAI) and Exponent, Inc. (EXPO) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRAI and EXPO?
Across a 3-year window, the weekly returns of CRAI and EXPO correlate at 0.48, moderate. The past 12 months show a tighter link (0.61) than the 3-year average (0.48). Stretching to 5 years gives 0.45, with an annualized covariance of 548.9 %².
By 3-year correlation, EXPO places #5 of the 12 assets tracked against CRAI. Over the last 12 months EXPO came out ahead by 11.9 percentage points (-12.7% against -0.8%).
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.
CRAI vs EXPO: side by side
| CRAI (CRA International,Inc.) | EXPO (Exponent, Inc.) | |
|---|---|---|
| 1-year return | -12.7% | -0.8% |
| 5-year return | +97.4% | -35.2% |
| Volatility (ann.) | 36.2% | 31.7% |
| Beta vs S&P 500 | 0.74 | 0.84 |
| Max drawdown (3Y) | -38.1% | -52.4% |
| Market cap | $1.1B | $3.4B |
| P/E (trailing) | 22.7 | 31.9 |
| Dividend yield | 1.29% | 1.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRAI | EXPO |
|---|---|---|
| 2022 | +32.9% | -14.3% |
| 2023 | -18.1% | -10.1% |
| 2024 | +91.4% | +2.4% |
| 2025 | +8.4% | -20.8% |
| 2026 | -13.2% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRAI and EXPO good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRAI and EXPO?
The CRAI/EXPO correlation stands at 0.48 on a 3-year window (1 year: 0.61, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is EXPO a good diversifier for CRAI?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crai-vs-expo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crai-vs-expo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRAI correlations · EXPO correlations
