ITT vs ROAD: Correlation
ITT Inc. (ITT) and Construction Partners, Inc. (ROAD) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITT and ROAD?
On 3 years of weekly data the ITT/ROAD correlation comes out at 0.59, moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.59 over 3. The 5-year figure is 0.56, and annualized covariance runs at 748.1 %².
Among the 38 assets we track against ITT, ROAD ranks #29 by 3-year correlation. The last year tells two different stories: ITT led by 26.2 percentage points, +20.8% for ITT against -5.4% for ROAD. Note the risk asymmetry: ROAD runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ITT vs ROAD: side by side
| ITT (ITT Inc.) | ROAD (Construction Partners, Inc.) | |
|---|---|---|
| 1-year return | +20.8% | -5.4% |
| 5-year return | +124.4% | +241.9% |
| Volatility (ann.) | 27.4% | 46.3% |
| Beta vs S&P 500 | 1.33 | 1.52 |
| Max drawdown (3Y) | -29.1% | -33.6% |
| Market cap | – | $6.5B |
| P/E (trailing) | 40.9 | 44.8 |
| Dividend yield | 0.70% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ITT | ROAD |
|---|---|---|
| 2022 | -19.5% | -9.2% |
| 2023 | +48.9% | +63.1% |
| 2024 | +20.9% | +103.3% |
| 2025 | +22.5% | +22.7% |
| 2026 | +20.3% | +5.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITT and ROAD good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ITT and ROAD?
The ITT/ROAD correlation stands at 0.59 on a 3-year window (1 year: 0.55, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is ROAD a good diversifier for ITT?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 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/itt-vs-road.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/itt-vs-road/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ITT correlations · ROAD correlations
