CBIO vs PLBY: Correlation
How closely do Crescent Biopharma, Inc. (CBIO) and Playboy, Inc. (PLBY) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBIO and PLBY?
Across a 3-year window, the weekly returns of CBIO and PLBY correlate at 0.42, moderate. The link has loosened recently: the 1-year correlation (0.12) runs below the 3-year figure (0.42). Stretching to 5 years gives 0.23, with an annualized covariance of 4350.3 %².
Among the 16 assets we track against CBIO, PLBY ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CBIO ahead by 53.2 points (+24.6% versus -28.6%).
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.
CBIO vs PLBY: side by side
| CBIO (Crescent Biopharma, Inc.) | PLBY (Playboy, Inc.) | |
|---|---|---|
| 1-year return | +24.6% | -28.6% |
| 5-year return | -107.8% | -95.1% |
| Volatility (ann.) | 117.9% | 87.2% |
| Beta vs S&P 500 | 1.30 | 1.39 |
| Max drawdown (3Y) | -97.4% | -66.5% |
| Market cap | $0.7B | $0.1B |
| P/E (trailing) | – | 60.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBIO | PLBY |
|---|---|---|
| 2022 | -275.3% | -89.7% |
| 2023 | -15.0% | -63.6% |
| 2024 | -89.4% | +46.0% |
| 2025 | -52.6% | +28.8% |
| 2026 | +49.7% | -36.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBIO and PLBY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CBIO and PLBY?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.12 over the last year and 0.23 over 5 years.
Is PLBY a good diversifier for CBIO?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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: CBIO correlations · PLBY correlations
