CBIO vs SELF: Correlation
Crescent Biopharma, Inc. (CBIO) and Global Self Storage, Inc. (SELF) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBIO and SELF?
On 3 years of weekly data the CBIO/SELF correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.01) than the 3-year average (-0.27). The 5-year figure is -0.05, and annualized covariance runs at -659.7 %².
SELF is close to the least connected end of CBIO's tracked universe, ranking #16 of 16. The trailing year gives CBIO the advantage: +24.6% versus +10.0%, a 14.6-point spread. Note the risk asymmetry: CBIO runs 5.7 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.
CBIO vs SELF: side by side
| CBIO (Crescent Biopharma, Inc.) | SELF (Global Self Storage, Inc.) | |
|---|---|---|
| 1-year return | +24.6% | +10.0% |
| 5-year return | -107.8% | +36.6% |
| Volatility (ann.) | 117.9% | 20.6% |
| Beta vs S&P 500 | 1.30 | 0.15 |
| Max drawdown (3Y) | -97.4% | -15.9% |
| Market cap | $0.7B | $0.1B |
| P/E (trailing) | – | 31.1 |
| Dividend yield | 0.00% | 5.14% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBIO | SELF |
|---|---|---|
| 2022 | -275.3% | -10.0% |
| 2023 | -15.0% | +0.8% |
| 2024 | -89.4% | +22.0% |
| 2025 | -52.6% | +1.2% |
| 2026 | +49.7% | +13.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBIO and SELF good diversifiers for each other?
Yes. With a correlation of -0.27, CBIO and SELF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CBIO and SELF?
As of 2026-08-27, the correlation of weekly returns between CBIO and SELF is -0.27 over 3 years, 0.01 over 1 year and -0.05 over 5 years.
Is SELF a good diversifier for CBIO?
Yes. With a correlation of -0.27, CBIO and SELF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
A reading of -0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CBIO correlations · SELF correlations
