AFRI vs CNTN: Correlation
How closely do Forafric Global PLC (AFRI) and Canton Strategic Holdings, Inc. (CNTN) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFRI and CNTN?
Across a 3-year window, the weekly returns of AFRI and CNTN correlate at 0.40, moderate. The past 12 months show a weaker link (0.21) than the 3-year average (0.40). Stretching to 5 years gives 0.20, with an annualized covariance of 1593.0 %².
In AFRI's tracked universe of 11 assets, CNTN sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months AFRI outperformed by 77.0 percentage points (+24.4% for AFRI against -52.6% for CNTN). Note the risk asymmetry: CNTN runs 8.4 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.
AFRI vs CNTN: side by side
| AFRI (Forafric Global PLC) | CNTN (Canton Strategic Holdings, Inc.) | |
|---|---|---|
| 1-year return | +24.4% | -52.6% |
| 5-year return | +9.0% | -99.8% |
| Volatility (ann.) | 21.7% | 182.3% |
| Beta vs S&P 500 | 0.33 | 0.52 |
| Max drawdown (3Y) | -34.3% | -99.0% |
| Market cap | $0.3B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AFRI | CNTN |
|---|---|---|
| 2022 | +9.7% | – |
| 2023 | -4.6% | -94.8% |
| 2024 | -3.2% | -73.4% |
| 2025 | +7.6% | +49.3% |
| 2026 | -1.1% | -22.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFRI and CNTN good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AFRI and CNTN?
As of 2026-08-27, the correlation of weekly returns between AFRI and CNTN is 0.40 over 3 years, 0.21 over 1 year and 0.20 over 5 years.
Is CNTN a good diversifier for AFRI?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/afri-vs-cntn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/afri-vs-cntn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AFRI correlations · CNTN correlations
