ALNY vs CNET: Correlation
How closely do Alnylam Pharmaceuticals, Inc. (ALNY) and ZW Data Action Technologies Inc. (CNET) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALNY and CNET?
Across a 3-year window, the weekly returns of ALNY and CNET correlate at -0.21, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.45) runs below the 3-year figure (-0.21). Stretching to 5 years gives 0.04, with an annualized covariance of -1055.4 %².
Out of 11 assets tracked against ALNY, CNET lands near the bottom at #8. The last year tells two different stories: CNET led by 43.9 percentage points, -47.9% for ALNY against -4.0% for CNET. Risk is not evenly split, since CNET carries 2.2 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.
ALNY vs CNET: side by side
| ALNY (Alnylam Pharmaceuticals, Inc.) | CNET (ZW Data Action Technologies Inc.) | |
|---|---|---|
| 1-year return | -47.9% | -4.0% |
| 5-year return | +16.2% | -94.9% |
| Volatility (ann.) | 48.5% | 104.7% |
| Beta vs S&P 500 | 0.93 | 1.46 |
| Max drawdown (3Y) | -58.2% | -85.2% |
| Market cap | $31.7B | – |
| P/E (trailing) | 41.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALNY | CNET |
|---|---|---|
| 2022 | +40.1% | -54.0% |
| 2023 | -19.5% | -63.9% |
| 2024 | +22.9% | -45.8% |
| 2025 | +69.0% | -24.4% |
| 2026 | -40.5% | +6.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALNY and CNET good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALNY and CNET?
As of 2026-08-27, the correlation of weekly returns between ALNY and CNET is -0.21 over 3 years, -0.45 over 1 year and 0.04 over 5 years.
Is CNET a good diversifier for ALNY?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/alny-vs-cnet.json
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[](https://www.pairbook.io/pair/alny-vs-cnet/)
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Related comparisons
Hubs: ALNY correlations · CNET correlations
