CTS vs OFLX: Correlation
Measured on weekly returns over the past three years, CTS Corporation (CTS) and Omega Flex, Inc. (OFLX) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTS and OFLX?
Across a 3-year window, the weekly returns of CTS and OFLX correlate at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 696.1 %².
Among the 26 assets we track against CTS, OFLX ranks #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CTS ahead by 56.3 points (+35.8% versus -20.5%).
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.
CTS vs OFLX: side by side
| CTS (CTS Corporation) | OFLX (Omega Flex, Inc.) | |
|---|---|---|
| 1-year return | +35.8% | -20.5% |
| 5-year return | +63.4% | -79.8% |
| Volatility (ann.) | 33.0% | 37.6% |
| Beta vs S&P 500 | 1.40 | 0.94 |
| Max drawdown (3Y) | -40.6% | -68.3% |
| Market cap | $1.6B | $0.3B |
| P/E (trailing) | 23.8 | 23.1 |
| Dividend yield | 0.28% | 5.06% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTS | OFLX |
|---|---|---|
| 2022 | +7.8% | -25.6% |
| 2023 | +11.4% | -23.4% |
| 2024 | +20.9% | -38.9% |
| 2025 | -18.4% | -26.8% |
| 2026 | +34.7% | -6.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTS and OFLX good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CTS and OFLX?
The CTS/OFLX correlation stands at 0.56 on a 3-year window (1 year: 0.57, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is OFLX a good diversifier for CTS?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 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/cts-vs-oflx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cts-vs-oflx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTS correlations · OFLX correlations
