ASTC vs CMND: Correlation
Astrotech Corporation (ASTC) and Clearmind Medicine Inc. (CMND) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTC and CMND?
Over the past 3 years, ASTC and CMND moved with a correlation of 0.30, which is moderate. The past 12 months show a tighter link (0.45) than the 3-year average (0.30). Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 44858.0 %².
Among the 47 assets we track against ASTC, CMND ranks #20 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ASTC ahead by 137.1 points (+37.5% versus -99.6%). Note the risk asymmetry: ASTC runs 9.9 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.
ASTC vs CMND: side by side
| ASTC (Astrotech Corporation) | CMND (Clearmind Medicine Inc.) | |
|---|---|---|
| 1-year return | +37.5% | -99.6% |
| 5-year return | -78.4% | n/a |
| Volatility (ann.) | 1206.9% | 122.3% |
| Beta vs S&P 500 | 4.81 | 1.24 |
| Max drawdown (3Y) | -87.5% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTC | CMND |
|---|---|---|
| 2022 | -51.0% | – |
| 2023 | -15.0% | -97.0% |
| 2024 | -20.8% | -50.9% |
| 2025 | -48.5% | -96.7% |
| 2026 | +105.8% | -90.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTC and CMND good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ASTC and CMND?
As of 2026-08-27, the correlation of weekly returns between ASTC and CMND is 0.30 over 3 years, 0.45 over 1 year and 0.26 over 5 years.
Is CMND a good diversifier for ASTC?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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.
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Related comparisons
Hubs: ASTC correlations · CMND correlations
