KAI vs TXRH: Correlation
Kadant Inc (KAI) and Texas Roadhouse, Inc. (TXRH) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KAI and TXRH?
On 3 years of weekly data the KAI/TXRH correlation comes out at 0.51, moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.51). The 5-year figure is 0.42, and annualized covariance runs at 484.1 %².
Among the 14 assets we track against KAI, TXRH ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TXRH ahead by 25.2 points (-8.8% versus +16.4%).
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.
KAI vs TXRH: side by side
| KAI (Kadant Inc) | TXRH (Texas Roadhouse, Inc.) | |
|---|---|---|
| 1-year return | -8.8% | +16.4% |
| 5-year return | +49.3% | +134.1% |
| Volatility (ann.) | 37.1% | 25.6% |
| Beta vs S&P 500 | 1.34 | 0.52 |
| Max drawdown (3Y) | -41.2% | -24.8% |
| Market cap | $3.6B | $13.1B |
| P/E (trailing) | 32.9 | 32.6 |
| Dividend yield | 0.46% | 1.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KAI | TXRH |
|---|---|---|
| 2022 | -22.5% | +4.2% |
| 2023 | +58.7% | +37.1% |
| 2024 | +23.6% | +49.8% |
| 2025 | -17.0% | -6.6% |
| 2026 | +7.7% | +21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KAI and TXRH good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between KAI and TXRH?
The KAI/TXRH correlation stands at 0.51 on a 3-year window (1 year: 0.63, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is TXRH a good diversifier for KAI?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 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/kai-vs-txrh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kai-vs-txrh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KAI correlations · TXRH correlations
