ARDT vs CYPH: Correlation
How closely do Ardent Health, Inc. (ARDT) and Cypherpunk Technologies Inc. (CYPH) trade together? Their weekly returns over three years give a correlation of -0.47, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARDT and CYPH?
On 3 years of weekly data the ARDT/CYPH correlation comes out at -0.47, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.66) runs below the 3-year figure (-0.47). The 5-year figure is n/a, and annualized covariance runs at -8583.3 %².
Among the 22 assets we track against ARDT, CYPH sits near the bottom by co-movement, at rank #22. Correlation aside, the last 12 months split them widely, with CYPH ahead by 563.0 points (-13.5% versus +549.5%). Risk is not evenly split, since CYPH carries 6.6 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.
ARDT vs CYPH: side by side
| ARDT (Ardent Health, Inc.) | CYPH (Cypherpunk Technologies Inc.) | |
|---|---|---|
| 1-year return | -13.5% | +549.5% |
| 5-year return | n/a | -89.0% |
| Volatility (ann.) | 48.5% | 319.9% |
| Beta vs S&P 500 | 0.65 | 1.42 |
| Max drawdown (3Y) | -61.2% | -94.9% |
| Market cap | $1.6B | $0.2B |
| P/E (trailing) | 20.7 | 3.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARDT | CYPH |
|---|---|---|
| 2022 | – | -86.1% |
| 2023 | – | -7.9% |
| 2024 | – | -30.6% |
| 2025 | -48.3% | -59.7% |
| 2026 | +24.5% | +62.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARDT and CYPH good diversifiers for each other?
By historical standards, yes. A correlation of -0.47 means the two rarely move for the same reasons.
FAQ
What is the correlation between ARDT and CYPH?
Using weekly returns as of 2026-08-27: -0.47 over 3 years, with -0.66 over the last year and n/a over 5 years.
Is CYPH a good diversifier for ARDT?
By historical standards, yes. A correlation of -0.47 means the two rarely move for the same reasons.
What does a correlation of -0.47 mean?
On the −1 to +1 scale, -0.47 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/ardt-vs-cyph.json
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[](https://www.pairbook.io/pair/ardt-vs-cyph/)
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Related comparisons
Hubs: ARDT correlations · CYPH correlations
