BANL vs CIIT: Correlation
Measured on weekly returns over the past three years, CBL International Limited - Class B (BANL) and Tianci International, Inc. (CIIT) carry a correlation of 0.95, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANL and CIIT?
Across a 3-year window, the weekly returns of BANL and CIIT correlate at 0.95, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.98) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 493360.2 %².
In BANL's tracked universe of 10 assets, CIIT sits right near the top at #2. The last year tells two different stories: BANL led by 2025.0 percentage points, +1990.5% for BANL against -34.5% for CIIT.
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.
BANL vs CIIT: side by side
| BANL (CBL International Limited - Class B) | CIIT (Tianci International, Inc.) | |
|---|---|---|
| 1-year return | +1990.5% | -34.5% |
| 5-year return | n/a | -77.6% |
| Volatility (ann.) | 767.2% | 673.6% |
| Beta vs S&P 500 | -1.45 | -2.24 |
| Max drawdown (3Y) | -85.8% | -99.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BANL | CIIT |
|---|---|---|
| 2022 | – | +36.4% |
| 2023 | – | -44.8% |
| 2024 | -31.3% | +383.1% |
| 2025 | -55.9% | -91.7% |
| 2026 | +2911.2% | +41.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANL and CIIT good diversifiers for each other?
No. With a correlation of 0.95, BANL and CIIT move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BANL and CIIT?
The BANL/CIIT correlation stands at 0.95 on a 3-year window (1 year: 0.98, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is CIIT a good diversifier for BANL?
No. With a correlation of 0.95, BANL and CIIT move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.95 mean?
On the −1 to +1 scale, 0.95 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/banl-vs-ciit.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/banl-vs-ciit/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BANL correlations · CIIT correlations
