AQB vs CD: Correlation
Measured on weekly returns over the past three years, AquaBounty Technologies, Inc. (AQB) and Chaince Digital Holdings Inc. - American (CD) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AQB and CD?
Across a 3-year window, the weekly returns of AQB and CD correlate at 0.33, moderate. The past 12 months show a tighter link (0.48) than the 3-year average (0.33). Stretching to 5 years gives 0.28, with an annualized covariance of 6190.6 %².
By 3-year correlation, CD places #5 of the 10 assets tracked against AQB. The last year tells two different stories: AQB led by 84.1 percentage points, +44.3% for AQB against -39.8% for CD. Risk is not evenly split, since CD carries 1.9 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.
AQB vs CD: side by side
| AQB (AquaBounty Technologies, Inc.) | CD (Chaince Digital Holdings Inc. - American) | |
|---|---|---|
| 1-year return | +44.3% | -39.8% |
| 5-year return | -98.6% | +1.2% |
| Volatility (ann.) | 97.8% | 189.9% |
| Beta vs S&P 500 | 1.24 | 1.02 |
| Max drawdown (3Y) | -90.6% | -92.6% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AQB | CD |
|---|---|---|
| 2022 | -63.6% | -64.8% |
| 2023 | -81.3% | +109.5% |
| 2024 | -78.0% | +162.7% |
| 2025 | +48.6% | -27.2% |
| 2026 | +40.9% | -31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AQB and CD good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AQB and CD?
As of 2026-08-27, the correlation of weekly returns between AQB and CD is 0.33 over 3 years, 0.48 over 1 year and 0.28 over 5 years.
Is CD a good diversifier for AQB?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 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/aqb-vs-cd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aqb-vs-cd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AQB correlations · CD correlations
