CTOS vs CTRI: Correlation
Custom Truck One Source, Inc. (CTOS) and Centuri Holdings, Inc. (CTRI) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTOS and CTRI?
On 3 years of weekly data the CTOS/CTRI correlation comes out at 0.45, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.45 over 3. The 5-year figure is n/a, and annualized covariance runs at 1208.9 %².
Within CTOS's tracked universe of 13 assets, CTRI comes in at #7 by 3-year correlation. The last year tells two different stories: CTOS led by 57.8 percentage points, +61.3% for CTOS against +3.5% for CTRI.
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.
CTOS vs CTRI: side by side
| CTOS (Custom Truck One Source, Inc.) | CTRI (Centuri Holdings, Inc.) | |
|---|---|---|
| 1-year return | +61.3% | +3.5% |
| 5-year return | +8.1% | n/a |
| Volatility (ann.) | 54.4% | 48.1% |
| Beta vs S&P 500 | 1.42 | 0.97 |
| Max drawdown (3Y) | -55.6% | -50.3% |
| Market cap | $2.2B | $2.1B |
| P/E (trailing) | 107.3 | 64.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTOS | CTRI |
|---|---|---|
| 2022 | -21.0% | – |
| 2023 | -2.2% | – |
| 2024 | -22.2% | – |
| 2025 | +19.8% | +30.8% |
| 2026 | +67.7% | -16.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTOS and CTRI good diversifiers for each other?
Reasonably. At 0.45, CTOS and CTRI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CTOS and CTRI?
The CTOS/CTRI correlation stands at 0.45 on a 3-year window (1 year: 0.49, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is CTRI a good diversifier for CTOS?
Reasonably. At 0.45, CTOS and CTRI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 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/ctos-vs-ctri.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ctos-vs-ctri/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTOS correlations · CTRI correlations
