ABSI vs CF: Correlation
How closely do Absci Corporation (ABSI) and CF Industries (CF) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABSI and CF?
Across a 3-year window, the weekly returns of ABSI and CF correlate at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.43) than the 3-year average (-0.24). Stretching to 5 years gives -0.12, with an annualized covariance of -742.8 %².
Among the 12 assets we track against ABSI, CF sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months ABSI outperformed by 220.8 percentage points (+269.4% for ABSI against +48.6% for CF). Risk is not evenly split, since ABSI carries 2.9 times the volatility of the other side.
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.
ABSI vs CF: side by side
| ABSI (Absci Corporation) | CF (CF Industries) | |
|---|---|---|
| 1-year return | +269.4% | +48.6% |
| 5-year return | -48.3% | +211.5% |
| Volatility (ann.) | 95.4% | 32.8% |
| Beta vs S&P 500 | 2.32 | -0.20 |
| Max drawdown (3Y) | -66.1% | -29.2% |
| Market cap | $1.6B | $19.0B |
| P/E (trailing) | – | 9.3 |
| Dividend yield | 0.00% | 1.59% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | ABSI | CF |
|---|---|---|
| 2022 | -74.4% | +22.3% |
| 2023 | +100.0% | -4.7% |
| 2024 | -37.6% | +10.1% |
| 2025 | +33.2% | -7.2% |
| 2026 | +169.9% | +64.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABSI and CF good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABSI and CF?
As of 2026-08-27, the correlation of weekly returns between ABSI and CF is -0.24 over 3 years, -0.43 over 1 year and -0.12 over 5 years.
Is CF a good diversifier for ABSI?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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: ABSI correlations · CF correlations
