BOLT vs CTNT: Correlation
How closely do Bolt Biotherapeutics, Inc. (BOLT) and Cheetah Net Supply Chain Service Inc. (CTNT) trade together? Their weekly returns over three years give a correlation of -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOLT and CTNT?
Across a 3-year window, the weekly returns of BOLT and CTNT correlate at -0.34, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.04 versus -0.34 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -9067.4 %².
CTNT is close to the least connected end of BOLT's tracked universe, ranking #12 of 12. Their recent paths diverged sharply: over the last 12 months BOLT outperformed by 74.4 percentage points (-25.2% for BOLT against -99.6% for CTNT). Risk is not evenly split, since CTNT carries 7.9 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.
BOLT vs CTNT: side by side
| BOLT (Bolt Biotherapeutics, Inc.) | CTNT (Cheetah Net Supply Chain Service Inc.) | |
|---|---|---|
| 1-year return | -25.2% | -99.6% |
| 5-year return | -98.8% | n/a |
| Volatility (ann.) | 58.4% | 461.2% |
| Beta vs S&P 500 | 0.45 | 2.82 |
| Max drawdown (3Y) | -89.4% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOLT | CTNT |
|---|---|---|
| 2022 | -73.5% | – |
| 2023 | -13.8% | – |
| 2024 | -52.2% | -85.3% |
| 2025 | -48.9% | -61.4% |
| 2026 | -26.8% | -99.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOLT and CTNT good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between BOLT and CTNT?
As of 2026-08-27, the correlation of weekly returns between BOLT and CTNT is -0.34 over 3 years, -0.04 over 1 year and n/a over 5 years.
Is CTNT a good diversifier for BOLT?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
A reading of -0.34 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/bolt-vs-ctnt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bolt-vs-ctnt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BOLT correlations · CTNT correlations
