CTRI vs MYRG: Correlation
Measured on weekly returns over the past three years, Centuri Holdings, Inc. (CTRI) and MYR Group, Inc. (MYRG) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTRI and MYRG?
On 3 years of weekly data the CTRI/MYRG correlation comes out at 0.51, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.51 over 3. The 5-year figure is n/a, and annualized covariance runs at 1310.7 %².
In CTRI's tracked universe of 14 assets, MYRG sits right near the top at #1. Correlation aside, the last 12 months split them widely, with MYRG ahead by 62.0 points (+3.5% versus +65.5%).
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.
CTRI vs MYRG: side by side
| CTRI (Centuri Holdings, Inc.) | MYRG (MYR Group, Inc.) | |
|---|---|---|
| 1-year return | +3.5% | +65.5% |
| 5-year return | n/a | +196.6% |
| Volatility (ann.) | 48.1% | 49.8% |
| Beta vs S&P 500 | 0.97 | 1.63 |
| Max drawdown (3Y) | -50.3% | -50.3% |
| Market cap | $2.1B | $4.8B |
| P/E (trailing) | 64.0 | 29.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTRI | MYRG |
|---|---|---|
| 2022 | – | -16.7% |
| 2023 | – | +57.1% |
| 2024 | – | +2.9% |
| 2025 | +30.8% | +46.9% |
| 2026 | -16.4% | +41.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTRI and MYRG good diversifiers for each other?
Only partially. A correlation of 0.51 means CTRI and MYRG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CTRI and MYRG?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.47 over the last year and n/a over 5 years.
Is MYRG a good diversifier for CTRI?
Only partially. A correlation of 0.51 means CTRI and MYRG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 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/ctri-vs-myrg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctri-vs-myrg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CTRI correlations · MYRG correlations
