ASTI vs CYN: Correlation
How closely do Ascent Solar Technologies, Inc (ASTI) and Cyngn Inc. (CYN) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTI and CYN?
On 3 years of weekly data the ASTI/CYN correlation comes out at 0.45, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.22 versus 0.45 over 3 years. The 5-year figure is 0.40, and annualized covariance runs at 15093.6 %².
CYN is one of the assets that tracks ASTI most closely: it ranks #1 out of the 10 assets we track against ASTI. The last year tells two different stories: ASTI led by 129.8 percentage points, +48.1% for ASTI against -81.7% for CYN. Note the risk asymmetry: CYN runs 1.7 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.
ASTI vs CYN: side by side
| ASTI (Ascent Solar Technologies, Inc) | CYN (Cyngn Inc.) | |
|---|---|---|
| 1-year return | +48.1% | -81.7% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 141.9% | 234.2% |
| Beta vs S&P 500 | 2.60 | 4.31 |
| Max drawdown (3Y) | -99.9% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTI | CYN |
|---|---|---|
| 2022 | – | -85.0% |
| 2023 | -99.7% | -78.5% |
| 2024 | -96.2% | -94.1% |
| 2025 | +25.7% | -98.1% |
| 2026 | -24.3% | -53.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTI and CYN good diversifiers for each other?
Reasonably. At 0.45, ASTI and CYN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ASTI and CYN?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.22 over the last year and 0.40 over 5 years.
Is CYN a good diversifier for ASTI?
Reasonably. At 0.45, ASTI and CYN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asti-vs-cyn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/asti-vs-cyn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ASTI correlations · CYN correlations
