BYRN vs CUE: Correlation
Byrna Technologies, Inc. (BYRN) and Cue Biopharma, Inc. (CUE) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BYRN and CUE?
On 3 years of weekly data the BYRN/CUE correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.36) runs below the 3-year figure (-0.22). The 5-year figure is -0.15, and annualized covariance runs at -2993.2 %².
Among the 10 assets we track against BYRN, CUE sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with CUE ahead by 95.8 points (-82.2% versus +13.6%). One caveat on sizing: CUE is 1.8 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.
BYRN vs CUE: side by side
| BYRN (Byrna Technologies, Inc.) | CUE (Cue Biopharma, Inc.) | |
|---|---|---|
| 1-year return | -82.2% | +13.6% |
| 5-year return | -87.6% | -92.2% |
| Volatility (ann.) | 87.2% | 155.6% |
| Beta vs S&P 500 | 1.40 | 2.74 |
| Max drawdown (3Y) | -90.7% | -94.3% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BYRN | CUE |
|---|---|---|
| 2022 | -41.3% | -74.8% |
| 2023 | -18.5% | -7.4% |
| 2024 | +350.9% | -58.7% |
| 2025 | -41.7% | -72.0% |
| 2026 | -78.6% | +207.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BYRN and CUE good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BYRN and CUE?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.36 over the last year and -0.15 over 5 years.
Is CUE a good diversifier for BYRN?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/byrn-vs-cue.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/byrn-vs-cue/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BYRN correlations · CUE correlations
