ASTS vs CTNT: Correlation
AST SpaceMobile, Inc. (ASTS) and Cheetah Net Supply Chain Service Inc. (CTNT) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTS and CTNT?
Across a 3-year window, the weekly returns of ASTS and CTNT correlate at 0.48, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.12 versus 0.48 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 26278.2 %².
Few assets follow ASTS as closely as CTNT, which ranks #1 of 11 tracked partners. Correlation aside, the last 12 months split them widely, with ASTS ahead by 126.9 points (+27.3% versus -99.6%). One caveat on sizing: CTNT is 3.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ASTS vs CTNT: side by side
| ASTS (AST SpaceMobile, Inc.) | CTNT (Cheetah Net Supply Chain Service Inc.) | |
|---|---|---|
| 1-year return | +27.3% | -99.6% |
| 5-year return | +397.1% | n/a |
| Volatility (ann.) | 119.4% | 461.2% |
| Beta vs S&P 500 | 1.92 | 2.82 |
| Max drawdown (3Y) | -68.4% | -100.0% |
| Market cap | $23.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTS | CTNT |
|---|---|---|
| 2022 | -39.3% | – |
| 2023 | +25.1% | – |
| 2024 | +249.9% | -85.3% |
| 2025 | +244.2% | -61.4% |
| 2026 | -15.4% | -99.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTS and CTNT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ASTS and CTNT?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.12 over the last year and n/a over 5 years.
Is CTNT a good diversifier for ASTS?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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/asts-vs-ctnt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asts-vs-ctnt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASTS correlations · CTNT correlations
