CTRI vs TECX: Correlation
Centuri Holdings, Inc. (CTRI) and Tectonic Therapeutic, Inc. (TECX) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTRI and TECX?
On 3 years of weekly data the CTRI/TECX correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.14) than the 3-year average (-0.32). The 5-year figure is n/a, and annualized covariance runs at -11012.4 %².
Out of 14 assets tracked against CTRI, TECX lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months TECX outperformed by 34.7 percentage points (+3.5% for CTRI against +38.2% for TECX). One caveat on sizing: TECX is 13.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TECX: side by side
| CTRI (Centuri Holdings, Inc.) | TECX (Tectonic Therapeutic, Inc.) | |
|---|---|---|
| 1-year return | +3.5% | +38.2% |
| 5-year return | n/a | -52.9% |
| Volatility (ann.) | 48.1% | 628.0% |
| Beta vs S&P 500 | 0.97 | 0.20 |
| Max drawdown (3Y) | -50.3% | -92.8% |
| Market cap | $2.1B | $0.7B |
| P/E (trailing) | 64.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTRI | TECX |
|---|---|---|
| 2022 | – | -81.6% |
| 2023 | – | +91.5% |
| 2024 | – | +182.9% |
| 2025 | +30.8% | -54.8% |
| 2026 | -16.4% | +75.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTRI and TECX good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CTRI and TECX?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.14 over the last year and n/a over 5 years.
Is TECX a good diversifier for CTRI?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 mean?
A reading of -0.32 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-tecx.json
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Related comparisons
Hubs: CTRI correlations · TECX correlations
