BBOT vs CNTN: Correlation
Measured on weekly returns over the past three years, BridgeBio Oncology Therapeutics, Inc. (BBOT) and Canton Strategic Holdings, Inc. (CNTN) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBOT and CNTN?
Over the past 3 years, BBOT and CNTN moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.07) runs above the 3-year figure (-0.29). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1864.1 %².
Out of 27 assets tracked against BBOT, CNTN lands near the bottom at #27. Their recent paths diverged sharply: over the last 12 months BBOT outperformed by 51.3 percentage points (-1.3% for BBOT against -52.6% for CNTN). Risk is not evenly split, since CNTN carries 5.3 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.
BBOT vs CNTN: side by side
| BBOT (BridgeBio Oncology Therapeutics, Inc.) | CNTN (Canton Strategic Holdings, Inc.) | |
|---|---|---|
| 1-year return | -1.3% | -52.6% |
| 5-year return | n/a | -99.8% |
| Volatility (ann.) | 34.5% | 182.3% |
| Beta vs S&P 500 | 0.30 | 0.52 |
| Max drawdown (3Y) | -48.1% | -99.0% |
| Market cap | $0.7B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBOT | CNTN |
|---|---|---|
| 2023 | – | -94.8% |
| 2024 | – | -73.4% |
| 2025 | +19.2% | +49.3% |
| 2026 | -26.7% | -22.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBOT and CNTN good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between BBOT and CNTN?
The BBOT/CNTN correlation stands at -0.29 on a 3-year window (1 year: -0.07, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is CNTN a good diversifier for BBOT?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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: BBOT correlations · CNTN correlations
