CANG vs FSEA: Correlation
Cango Inc. Class A (CANG) and First Seacoast Bancorp, Inc. (FSEA) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CANG and FSEA?
Across a 3-year window, the weekly returns of CANG and FSEA correlate at 0.33, moderate. The past 12 months show a tighter link (0.52) than the 3-year average (0.33). Stretching to 5 years gives 0.27, with an annualized covariance of 930.9 %².
Within CANG's tracked universe of 11 assets, FSEA comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FSEA ahead by 138.3 points (-89.4% versus +48.9%). Note the risk asymmetry: CANG runs 2.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CANG vs FSEA: side by side
| CANG (Cango Inc. Class A) | FSEA (First Seacoast Bancorp, Inc.) | |
|---|---|---|
| 1-year return | -89.4% | +48.9% |
| 5-year return | -60.9% | +44.2% |
| Volatility (ann.) | 84.7% | 33.2% |
| Beta vs S&P 500 | 1.14 | 0.19 |
| Max drawdown (3Y) | -96.5% | -21.5% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CANG | FSEA |
|---|---|---|
| 2022 | +36.2% | -10.5% |
| 2023 | -22.1% | -32.7% |
| 2024 | +331.4% | +30.6% |
| 2025 | -31.8% | +31.5% |
| 2026 | -82.7% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CANG and FSEA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CANG and FSEA?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.52 over the last year and 0.27 over 5 years.
Is FSEA a good diversifier for CANG?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 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/cang-vs-fsea.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cang-vs-fsea/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CANG correlations · FSEA correlations
