EML vs TBCH: Correlation
How closely do Eastern Company (The) (EML) and Turtle Beach Corporation (TBCH) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EML and TBCH?
Across a 3-year window, the weekly returns of EML and TBCH correlate at 0.42, moderate. The link has loosened recently: the 1-year correlation (0.31) runs below the 3-year figure (0.42). Stretching to 5 years gives 0.34, with an annualized covariance of 969.0 %².
By 3-year correlation, TBCH places #5 of the 10 assets tracked against EML. The last year tells two different stories: EML led by 28.5 percentage points, +11.9% for EML against -16.6% for TBCH.
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.
EML vs TBCH: side by side
| EML (Eastern Company (The)) | TBCH (Turtle Beach Corporation) | |
|---|---|---|
| 1-year return | +11.9% | -16.6% |
| 5-year return | +6.9% | -55.7% |
| Volatility (ann.) | 39.5% | 57.8% |
| Beta vs S&P 500 | 0.99 | 2.21 |
| Max drawdown (3Y) | -47.0% | -51.8% |
| Market cap | $0.2B | $0.2B |
| P/E (trailing) | 19.8 | – |
| Dividend yield | 1.69% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EML | TBCH |
|---|---|---|
| 2022 | -21.5% | -67.8% |
| 2023 | +16.8% | +52.7% |
| 2024 | +22.6% | +58.1% |
| 2025 | -24.4% | -18.9% |
| 2026 | +35.9% | -7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EML and TBCH good diversifiers for each other?
Reasonably. At 0.42, EML and TBCH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EML and TBCH?
The EML/TBCH correlation stands at 0.42 on a 3-year window (1 year: 0.31, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is TBCH a good diversifier for EML?
Reasonably. At 0.42, EML and TBCH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 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/eml-vs-tbch.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eml-vs-tbch/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EML correlations · TBCH correlations
