ABLV vs CNSY: Correlation
How closely do Able View Global Inc. - Class B (ABLV) and Cerenome, Inc. (CNSY) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABLV and CNSY?
Over the past 3 years, ABLV and CNSY moved with a correlation of 0.46, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.02 versus 0.46 over 3 years. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 9458.5 %².
By 3-year correlation, CNSY places #4 of the 10 assets tracked against ABLV. Correlation aside, the last 12 months split them widely, with ABLV ahead by 95.9 points (+21.2% versus -74.7%).
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.
ABLV vs CNSY: side by side
| ABLV (Able View Global Inc. - Class B) | CNSY (Cerenome, Inc.) | |
|---|---|---|
| 1-year return | +21.2% | -74.7% |
| 5-year return | n/a | -99.6% |
| Volatility (ann.) | 132.4% | 154.9% |
| Beta vs S&P 500 | 0.43 | 2.28 |
| Max drawdown (3Y) | -88.1% | -96.1% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 1.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABLV | CNSY |
|---|---|---|
| 2022 | – | -69.5% |
| 2023 | -73.5% | -63.5% |
| 2024 | -72.3% | -34.3% |
| 2025 | -9.6% | -55.7% |
| 2026 | +52.4% | -75.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABLV and CNSY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ABLV and CNSY?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.02 over the last year and 0.44 over 5 years.
Is CNSY a good diversifier for ABLV?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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.
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Related comparisons
Hubs: ABLV correlations · CNSY correlations
