BWEN vs CPHI: Correlation
Measured on weekly returns over the past three years, Broadwind, Inc. (BWEN) and China Pharma Holdings, Inc. (CPHI) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BWEN and CPHI?
Across a 3-year window, the weekly returns of BWEN and CPHI correlate at 0.46, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.65 versus 0.46 over 3 years. Stretching to 5 years gives 0.32, with an annualized covariance of 5102.4 %².
By 3-year correlation, CPHI places #4 of the 17 assets tracked against BWEN. The last year tells two different stories: BWEN led by 149.2 percentage points, +112.5% for BWEN against -36.7% for CPHI.
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.
BWEN vs CPHI: side by side
| BWEN (Broadwind, Inc.) | CPHI (China Pharma Holdings, Inc.) | |
|---|---|---|
| 1-year return | +112.5% | -36.7% |
| 5-year return | +46.2% | -99.7% |
| Volatility (ann.) | 99.9% | 112.2% |
| Beta vs S&P 500 | 1.25 | 0.27 |
| Max drawdown (3Y) | -69.3% | -95.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | 12.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BWEN | CPHI |
|---|---|---|
| 2022 | -4.8% | -79.2% |
| 2023 | +54.7% | -88.0% |
| 2024 | -32.1% | -61.7% |
| 2025 | +50.5% | -47.4% |
| 2026 | +62.2% | -26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BWEN and CPHI good diversifiers for each other?
Reasonably. At 0.46, BWEN and CPHI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BWEN and CPHI?
The BWEN/CPHI correlation stands at 0.46 on a 3-year window (1 year: 0.65, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is CPHI a good diversifier for BWEN?
Reasonably. At 0.46, BWEN and CPHI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/bwen-vs-cphi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bwen-vs-cphi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BWEN correlations · CPHI correlations
